Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Benedict Ng’etich The Kenya Highlands Sacco management has been consistent in adhering to the prudential ratio requirements set by the regulator SASRA. The chairman of the Supervisory Committee CPA Paul Chirchir, while commending the management for its efforts in managing finances, encouraged them to keep on improving on the savings-to-total assets and on the…
By Felix Wanderi Co-operative Bank board of directors has recommended a dividend of Ksh 1.50 per share, subject to approval by the regulators and shareholders. Co-op Bank Group CEO Gideon Muriuki said the proposed dividends represent a 50 per cent increase on the Ksh 1.00 per share paid out last year. He added that the bank will pay out a…
By Robert Nyagah 23 years ago, Stanley Joseph Njue and a few business people from Embu County came together to form a self-help group, whose monthly contributions started at Ksh100 but now stands at Ksh1,000 monthly. The self-help group has now matured into Mediators Savings and Credits Cooperative controlling a circulating capital of more than…
By Alfred Kimosop Baringo County’s Cooperative Officer David Maina has asked Boresha Sacco members to organize themselves so as to benefit from Hustler Fund’s second phase that targets groups. He said it was ripe for members to establish income generating activities that will help them repay the low interest loans offered through Saccos once it…
By Peter Otuoro Patrick Thogo was elected the new Director of Tower Sacco in a competitive election carried out at Olkalou Primary School in Nyandarua County. Thogo got 222 votes against his close competitor James Mwangi who got 219 votes. He thanked everyone who voted for him and congratulated and thanked his competitor for serving…
By Fred Sitati The devastating drought being experienced in 30 counties in the country should prick the collective conscience of cooperators through their elected leaders to rise to the occasion by making monetary contributions to supplement the government efforts. We have, in the recent past, noted how key private sector players led by the Kenya…
By Vostine Ratemo Farmers have opposed the move by the state to privatise milk processor New Kenya Co- Operative Creameries (New KCC), warning that the plans will be a burden to them. In the year 2019, the government suspended plans to privatise the New KCC, being apprehensive about leaving the key dairy sector completely in…
By Wasike Elvis Uasin Gishu Governor Jonathan Bii has called on the leadership of various county Cooperative Societies to instill good governance. Speaking at the County headquarters during a meeting with cooperatives leaders to ensure the societies keep running as they have proven to be among key sectors that contribute immensely to the growth of…
By Enock Okong’o Kisii County Woman Representative Doris Aburi has revealed plans to unveil a county Sacco exclusive to women in the region that is aimed at empowering them. Kisii County Mums Sacco will be the name, with operational logistics being at an advanced stage to pave way for its launch once they are finalized. She announced…
By Felix Wanderi Nyeri Governor Mutahi Kahiga has called on Newfortis sacco members to protect the sacco from political interference. Mutahi speaking at Nyamachaki primary school grounds during the Newfortis sacco 47th annual general meeting said that those interested in politics should quit the sacco and enter the political arena so that they can square…
