Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Cotton Farmers in Mpeketoni, Lamu County have been urged to join Sacco’s in large numbers and invest heavily and in order to get loans to maximize Cotton crop production in the region. Speaking to the Sacco Review from Lamu town recently, Lamu county Cooperative Auditor, Mr. Nickson Baya stated the area has…
By Azael Masese Agriculture-based deposit-taking Saccos have expressed optimism that reforms in the agriculture sector remain critical in improving their performances. The CEOs of these Saccos mostly agree that it is only reforms that would improve crop yields, hence assure farmers of having enough to eat and sell the surplus to generate income. Kenya…
By Our Reporter Only 60 Saccos have submitted their unclaimed financial assets, including nil returns to Unclaimed Financial Asset Authority (UFAA) as at June 2021, the agency has revealed. In a workshop with stakeholders on compliance by the Sacco sector to UFAA Act, 2011, the authority’s CEO and Managing Trustee Mr. John Mwangi revealed that…
By Enock Okong’oThe Kisii University VC Prof John Akama has appealed to county and national governments to give local sculptors finances to help them form cooperative societies. This, he said, will remove the middled men who exploit them and assist in marketing their products directly to buyers. “It is heartbreaking to see these hard-working people baking in the…
By Andanje Wakhungu The paper work for the much anticipated multi-million Malava housing plaza has been finalized paving way for the implementation process to commence. Presenting the supervisory report during the 30th Annual General Meeting, the Sacco’s chair lady Beatrice Mukopi informed the members that already National Cooperative Housing Union (NACHU) has allocated Ksh.20Million towards…
By Tsozungu Kombe Mombasa County Government will spend Ksh. 8 million from its recurrent budget to run cooperative society activities in the region, Sacco Review has reliably established. Speaking to Sacco Review from Mombasa town recently, Mombasa County Cooperatives Director Mr. Nelson Nyoro said the same money will also be spent to revive some dormant…
By Gilbert Ochieng Over 500 fish traders operating at beaches in Port Victoria namely Marenga, Mulukoba and Bukoma in Budalangi Constituency, Busia County owe their prosperity to Port Victoria Fresh Fish Co-operative Society Limited that has helped improve on their livelihood. The co-operative society that was started in the year 2005 and registered the following…
By Kamundia Muriithi Farmers’ groups in Kirinyaga County are now an elated lot after they started reaping big from their projects which were funded by the County government. Governor Ann Waiguru’s administration through a program dubbed Wezesha Kirinyaga has offered support to over 473 groups by providing them with livestock, veterinary services, feeds and market…
By John Majau Coffee farmers agonizing over the high prices of inputs such as fertilizer and pesticides can sigh in relief after Outgoing Agriculture Cabinet Secretary Peter Munya announced a subsidy programme. Speaking in Meru during the launch of the programme at the Gitoro Agricultural Society of Kenya (ASK) showground, the CS said registered coffee…
By Roy Hezron Savings and Credit Co-operatives (Saccos) in the country are increasingly investing more resources in technology and security in efforts to protect members’ funds from cyber criminals, a recent survey report has shown. According to Serianu Ltd, a business consulting firm, the percentage of Saccos that have a cybersecurity strategy improved by 44.7…
