Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Malachi Motano Tittle hopeful Fortune Sacco FC beats Shabana FC 1-0 at the Awendo Green Stadium on Sunday in a game where the national Super League giant Shabana team failed to convert a myriad of opportunities created. Shabana skipper Fred Nyakundi “Malouda” is concerned his team’s promotion dreams may fizzle out if they can’t…
By Kamundia Muriithi Eighteen board members serving on tea factory boards in Embu County have threatened to boycott the forthcoming elections for directors of three tea factories. They have vowed to boycott the elections, because of alleged government interference in the exercise. The officials dismissed the elections planned to be held on April 10 as…
By John Majau Nyambene Miraa Sacco has received Ksh 5M. from the County Government of Meru to lend out as loans to its more than 3800 members across Igembe and Tigania regions to improve their businesses. According to the County deputy governor and Finance CEC Titus Ntuchiu, the move is meant to cushion Miraa farmers…
By John Majau Meru County Government has released Kshs10 million to people with disability Sacco (Meru PWD Sacco) for members economic empowerment. The money will be lent out to members across the County at friendly rates in line with the devolved unit promise to empower PWDs to enable them live meaningful lives. Speaking when he…
By John Majau Small businesses are set to benefit from affordable low interest loans under a post-Covid-19 recovery strategy that was launched by the Meru County government recently. Meru Governor Kiraitu Murungi said small holder businesses will access loans ranging from Sh2000 to 30,000 through mobile app dubbed ‘Sacco-Benki’. He was speaking at an event…
By Malachi Motano Sacco Society regulatory authority (Sasra) will have to improve its capacity to handle the swelling number of Savings and credit cooperative societies (Saccos) under their regulation, after the government added it even those that don’t take deposits (Non-DT Saccos) “Non-Deposit Taking Saccos refer to those that take deposits from members only in…
By Tsozungu Kombe Lamu county government has set aside Kshs. 150,000 to revive dormant Savings and credit cooperative societies (Saccos) According to Lamu county government cooperative Auditor, Mr. Nickson Baya, the revival of the dormant Saccos in the county will enable mores residents to join and save heavily for bigger loans to accomplish their personal…
By Malachi Motano Saccos have moved into a second wave of rebranding, in an apparently new order that is adding the words DT Saccos (Deposit Taking-Saccos) on their names. Among them is Kenya Police Sacco that is now Kenya National Police DT-Sacco, Cosmopolitan Sacco is now Cosmopolitan DT-Sacco and Mombasa Port is now Mombasa Port…
By Malachi Motano Shining Hope for Communities –SHOFCO is a Savings and Credit Cooperative Organisations (Sacco) in Nairobi city informal settlements of Kibera and Mathare. Since its establishment five years ago (August 15, 2015), the Sacco has built its membership base from only 10 members to over 4, 000 today out of which over 3,…
By Sammy Chivanga Trans-Nation (TN) Sacco beat the Covid-19 odds to open new satellite offices in Marsabit and Moyale. The Sacco management said the decision to quickly formulate strategies to navigate the Covid-19 turbulence helped cushion members and also help the Sacco to grow. “The offices are doing very well and we intend to venture…
