Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Dennis Bett Farmers in Keiyo South, Elgeyo Marakwet County have received at least 100,000 coffee seedlings for planting this season. That was after the farmers in Soy South Ward decided in 2018 to develop their own nurseries instead of buying coffee seedlings from other areas. Soy South Member of County Assembly (MCA), Jonah Tanui…
By Boniface Mulu The former chairperson of the Kitui Banana Women Savings and Credit Cooperative Society Limited was recently buried at her Kwa Ngindu village home in Kyangwithya. The 83 years old Alice Mumbi Malonza who was a trainer on female gender issues, died at the Jordan Hospital in Kitui Town on Tuesday, April 13,…
By Ken Langat Over 17000 dairy farmers from Baringo County have cast aspersions on the proposed BBI Bill fearing that some good clauses would be thrashed if subjected to referendum. Led by Baringo Agriculture Marketing Saccos and Cooperative Societies (Bàmcos) Chairman Samwel Salbei, they stated that clauses mitigating farmers woes should be salvaged through an…
By Sammy Chivanga Outstanding remittances to Saccos from employers have exposed the sector to a myriad of challenges with many of them operating in financial depression. The piling up of outstanding deposits has put the sector in liquidity strains with no redress because the entities involved have gone scot free. Firms drawn from both the…
By Malachi Motano Kumisa Savings and Credit Cooperative (Sacco) members have appealed to the Directorate of Criminal Investigations (DCI) and the Commissioner for Cooperatives to help them recover their savings The Sacco based at Kirigiti in Kiambu town, also referred to as ‘Hustlers Sacco” is a Sh10 savings society which has collapsed with millions of…
By Washingtone Okellah Busia Governor Sospeter Ojasmong was the top depositor in Busia County Assembly Savings and Credit Co-operative Society (Sacco) in the 2019-2020 financial year. Despite challenges occasioned by the Coronavirus pandemic, the Sacco declared cash dividends of Sh500,000 that was shared by its 309 members. SACCO chairman Gabriel Erambo released the results whle…
By Asa Maina Four-year-old Nyeri South Traders Sacco paid a dividend of 10% in 2020, an increase from eight percent in 2019. The Sacco chairman Joseph Wanjohi said it had also paid out a dividend of 10% in 2017 and but the payout declined to 4% in 2018. Speaking during its fourth Annual General Meeting…
By Kamundia Muriithi The government plans to modernize coffee factories and implement the use of technology trading. Apart from the use of ICT in all operations, they will also roll out soil testing in coffee growing zones in a bid to revive the sub-sector. Agriculture CS Peter Munya has said they have set aside Sh7…
By Cally Imbayi Governor Wycliffe Oparanya says Kakamega County will spent Sh25 million to strengthen cooperative societies that have been performing poorly. He revealed that they have prioritized streamlining of the cooperatives movement in the county to improve living standards. “We have allocated Sh25million for development of the cooperatives sector out of which Sh18million will…
By Aggrey Buchunju Relisa Sacco finally conducted Bungoma branch elections which had been postponed for one year due to the Covid-19 pandemic. Messrs Phillip Amwayi and Ben Watitwa were elected unopposed to serve as delegates during the elections held at Bungoma Railway station grounds. The peaceful elections were presided over by Madisa Barasa from the…
