Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Safaricom Sacco has signed a memorandum of understanding with Centum Real Estate, a move that seeks to enable the Sacco members buy residential homes in Nairobi, Kilifi, and Entebbe, Uganda. Through the MoU, sacco members will be financed to acquire all properties under development by Centum RE at a lower price than the market rate….
Cooperatives & MSMEs Cabinet Secretary Simon Chelugui has warned rogue Sacco officials against embezzling funds belonging to Sacco members. Speaking during the opening of the inaugural Co-operative Movement Stakeholders’ Annual Conference held in Pride Inn Paradise Beach Resort in Mombasa, Chelugui said the government is keeping an eye on the sector to ensure no money…
Early every Wednesday morning, livestock and people flock Souk Hoola livestock market in Garissa. The livestock are very healthy and are sold at very high prices, contrary to media information that livestock prices have dropped to rock bottom due to the biting drought. The market is a beehive of activity. Most traders are either selling…
Yetu Sacco is gearing up to launch a new branch in Chuka town, in a move meant to bring services closer to members.The new branch, which will be launched on June 19, 2023, will bring the total number of branches to eight.Speaking during the Society’s 31st Annual General Meeting (AGM), Sacco Board Chairman Mark Gitonga…
Provision of credit facilities is the core mandate of Savings and Credit Co-operative Societies (Saccos). Therefore, prudential credit management practices are key to the facilitation of efficient management and administration of the Sacco loans portfolio. They ensure equity in the distribution of funds to members, thus encouraging efficiency in cash flows. Saccos are always guided…
Kenya Pipeline Company (KPC) has rolled out a sensitization drive to train over 2,000 youth, women and Persons with Disabilities (PWDs) who own businesses, as a move to promote the uptake of the Access to Government Procurement Opportunities (AGPO). Addressing participants during the sensitization forum in Kisumu, KPC acting General Manager Supply Chain Maureen Mwenje said the initiative seeks to sensitize the…
Tharaka Nithi governor Muthomi Njuki has urged the youth to embrace coffee farming since it is more profitable than white collar jobs. Speaking during the closing ceremony of the three day Coffee Reforms Conference at Three Steers Hotel in Meru town, the governor urged the youth to stop wasting valuable time in search of white collar…
Machakos County Governor Wavinya Ndeti has declared that cooperative societies working with rogue officials to dispossess members of their lands will be dissolved. Speaking outside her office after holding deliberations with the Senate Committee on Trade, Industrialization and Tourism following an invitation by Machakos Senator Agnes Kavindu and Drumvale Farmers’ Cooperative Society, the governor said…
The Coffee Brewers Bar through their CEO John Muli has assured coffee buyers of quality coffee from Machakos county and urged them to sample coffee from the region. Speaking during the Agricultural Society of Kenya South Eastern Kenya National Show exhibition held in Machakos, Muli argued that coffee from Tala and Kangundo areas in Machakos…
Many Saccos countrywide are using publicity campaigns to net in more members which consequently increases their share capital and liquidity. The Saccos adopt big marketing budgets as a move towards making them more popular among their target market. Adopted publicity materials are creative, attractive and direct since they are tailored to reach and entice specific…
