Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Mosawe Naomi The Kisumu County Deputy Commissioner Kibet Kibeon has reiterated that the government is ready to empower youths with skills that will enable them realize their full potential and in turn drive the attainment of development objectives set out in Kenya’s Vision 2030. Kibeon said Kenya has greatly focused on youth empowerment to…
By Obegi Malack Women will get grants from the County Government of Kajiado if the proposed Women Empowerment Fund Bill (2021) is enacted into law. The bill which is now at the public participation stage has received overwhelming support from local residents who now want its processing expedited so that they can benefit from the…
By DOUGLAS DINDI Cash-strapped Kakamega based Wevarsity Sacco has replaced the entire board of directors in a recent elections held despite Covid-19 protocols. About four hundred members gathered at the Masinde Muliro University of Science and Technology Annex Grounds to vote out the executive committee comprising Jason Nganyi (Chairman), Agatha Mbakaya (Vice chair), Rita Shitemi…
The cooperative sector in Kenya celebrates several milestones recorded in the last one year despite many factors that challenged the economic environment including drought, locust outbreaks crowned by Covid -19 pandemic. Cooperative Commissioner Geoffrey Njang’ombe gave the exclusive highlights to Sacco Review as the country join the rest in the world in marking the international…
By Malachi Motano The Kenya Mortgage Refinancing Company (KMRC) disbursed Sh2.75 billion in 2020 to participating primary mortgage lenders (PMLs) in its debut lending since it was established. “That amount was part of Sh4.5 billion mortgage loan portfolios available for immediate refinancing to participating financial institutions. We (KMRC) are drawing down funds from both the…
By Correspondent Membership for the Makueni County Hawkers Sacco has increased to over 2,000 from 1,500 when the society was registered in 2015. The Sacco which was registered in February, 2015 and awarded two lorries as seed capital by the Makueni County Government to ease transportation of their merchandise and to enhance wealth creation has…
By Michael Oduor Kenya has conducted an inception meeting on Women Economic Empowerment (WEE) Project in Voi, Taita Taveta County. The project is aimed at enlightening women on how to unite for economic development. In a meeting overseen by Jack Odiwa – project manager women economic empowerment project and Action Aid Taita Taveta County Program coordinator…
By John Majau The County Government of Meru has allocated Sh5 million to Nyambene Miraa Sacco to be loaned out to more than 3800 members across Igembe and Tigania regions. Deputy Governor Ntuchiu said the move is meant to cushion Miraa farmers from adverse effects of closure of their market in Somalia and the COVID-19…
By Michael Oduor A total of 73,828 members joined different co-operative societies in Taita Taveta County. Savings and credit cooperative societies (Saccos) led in the total number of registered members. Taita Taveta County Co-operatives Commissioner Mr. Erastus Gonzi revealed that there are 98 Saccos out of 190 co-operative societies registered in the county. Gonzi said…
BY TALARUS CHESANG Coffee farmers in Baringo have been asked to form cooperative Saccos for economic empowerment. Wildlife Principal Secretary (PS) Prof. Fred Segor said it is through strong societies that the farmers may be able to save and borrow loans to improve and manage their coffee farms. He was speaking during the launch of…
