Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Benedict Ng’etich Saving and Credit Societies in Bomet County have been urged to adhere to the recommended key audit ratios if they want to succeed. Bomet County Government auditor K. Kemboi asked local societies to be compliant on recommended key audit ratios of member’s savings.“Some key audit ratios like the retained reserves are geared…
By Dennis Bett The National Assembly Trade, Industrialization and Cooperatives Committee will push for allocation of more money to industries. The MPs said support should be accorded to the manufacturing sector and more so cooperative societies including ailing Sacco’s for the country to attain industrialization. The team led by Vice chairperson Oundo Wilberforce Ojiambo spoke…
By Nancy Masit Nancymasit80@gmail.com. Members of Nkoilale Women Group in Narok South Sub-County are now engaged in commercial bead weaving which has impacted positively on their lives. Magdalene Ntinka who is the production officer at their craft centre said the group was started in 2005 and has 85 women whose main activity is beadwork and…
By Domnic Maraga Traders at Joska market in Mavoko have urged the Machakos county government to build for them a modern market. Local traders mostly operate small food stalls at the market while those who travel from other areas like Nairobi, Kajiado and Kitui sell farm produce. They say the current situation at Joska market…
By Malachi Motano Kitui County Textile Centre (KICOTEC) will supply uniforms to all matatu crews operating along the Kitui – Nairobi route. The Passenger Service Vehicles (PSVs) Sacco for Matatus operating on the route struck the deal with County governor Charity Ngilu for the textile company to dress up its members and the operators. The…
By Tsozungu Kombe Women and Youth Saccos in Taita Taveta County have been heavily affected by the Covid 19 pandemic. Speaking to Sacco Review in Wundanyi recently, Taita Taveta County Cooperative Commissioner Erastus Gonzi said the performance of women and youth Saccos was still very poor. He revealed that the business is still facing a…
By Tsozungu Kombe Members of Mangrove Cutting Sacco in Lamu County have been urged to cooperate fully and revive their dormant Sacco in and uplift their living standards. Lamu County Cooperative auditor, Nickson Baya told Sacco Review said members should revive the Sacco and also to ensure that they sustain it. He said the society…
By Malachi Motano Small traders in Othaya, Nyeri County have no reason to worry of where to save their hard earned money after they registered a new Sacco. Small intrepreneurs and mechanics can now use the Sacco in mobilising savings in the County and beyond. According to the traders Sacco chairman Joseph Wanjohi, the entity…
By Malachi Motano The Sacco Societies Regulatory Authority (Sasra) says Non-Deposit-Taking Business (NDTB must meet the new Sacco Societies regulations before the 2020June 30, 2021 deadline. The Sasra acting Chief Executive Officer Peter Njuguna ruled out any extension, warning that non-compliant Saccos will be black listed. “We have warned members of the public against dealing with…
By Benedict Ng’etich The chairman Sotico Sacco Samuel Munyao Nzeki says they faced challenges because of member’s defaulting on loan repayment. He told delegates that they tried to assist members having huge unbearable loans by amalgamating them but the process was only a short term remedy. “That is because members found themselves in default again…
