Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Malachi Motano Kitui County Textile Centre (KICOTEC) will supply uniforms to all matatu crews operating along the Kitui – Nairobi route. The Passenger Service Vehicles (PSVs) Sacco for Matatus operating on the route struck the deal with County governor Charity Ngilu for the textile company to dress up its members and the operators. The…
By Tsozungu Kombe Women and Youth Saccos in Taita Taveta County have been heavily affected by the Covid 19 pandemic. Speaking to Sacco Review in Wundanyi recently, Taita Taveta County Cooperative Commissioner Erastus Gonzi said the performance of women and youth Saccos was still very poor. He revealed that the business is still facing a…
By Tsozungu Kombe Members of Mangrove Cutting Sacco in Lamu County have been urged to cooperate fully and revive their dormant Sacco in and uplift their living standards. Lamu County Cooperative auditor, Nickson Baya told Sacco Review said members should revive the Sacco and also to ensure that they sustain it. He said the society…
By Malachi Motano Small traders in Othaya, Nyeri County have no reason to worry of where to save their hard earned money after they registered a new Sacco. Small intrepreneurs and mechanics can now use the Sacco in mobilising savings in the County and beyond. According to the traders Sacco chairman Joseph Wanjohi, the entity…
By Malachi Motano The Sacco Societies Regulatory Authority (Sasra) says Non-Deposit-Taking Business (NDTB must meet the new Sacco Societies regulations before the 2020June 30, 2021 deadline. The Sasra acting Chief Executive Officer Peter Njuguna ruled out any extension, warning that non-compliant Saccos will be black listed. “We have warned members of the public against dealing with…
By Benedict Ng’etich The chairman Sotico Sacco Samuel Munyao Nzeki says they faced challenges because of member’s defaulting on loan repayment. He told delegates that they tried to assist members having huge unbearable loans by amalgamating them but the process was only a short term remedy. “That is because members found themselves in default again…
Daniel Masha exits Imarika Sacco Imarika, a progressive Sacco that posts good performance gets new Chief Executive Officer (CEO) after the retirement of Daniel Masha who has been at the helm of the Sacco for the last 29 years (since 1992). He is succeeded now by George Yongo Ngala who was previously his deputy. Yongo…
By Malachi Motano After being in the cooperative movement for now 19 years, serving in various managerial capacities, George Yongo Ngala finally been appointed the Imarika Sacco Chief executive officer Imarika is a progressive Sacco that posts good performance and Ngala says as the CEO, he is he prepared to uphold the trend and raise…
By Our Reporter Sirisia Sub County residents have been urged to invest their money in Co-operative Sacco’s to boost their lives economically. Speaking in Namwela during cherry payment, Kikai Rural Sacco Director Mr. Justus Wafula said people are facing tough economic constraints especially during this Covid-19 period due to lack of investment. “So many people…
By Andanje Wakhungu After public outcry by the farmers over bribery claims to acquire a permit for harvesting canes, the workers union has come out to defend the supervisors over the allegations terming it as malicious. a body formed to advocate for the rights of agricultural extension, field assistants and field officers has instead blamed…
