Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Dennis Bett Boresha Sacco has opened the Iten Branch in Elgeyo Marakwet County as it continues with its expansion plan to reach more members. The new office will target the growing business community around the agricultural town and surrounding rural areas. Corporates, private schools and Small and Medium Enterprises have set up shops and…
By Cally Imbayi Governor Wycliffe Oparanya says Kakamega County will spent Sh25 million to strengthen cooperative societies that have been performing poorly. He revealed that they have prioritized streamlining of the cooperatives movement in the county to improve living standards. “We have allocated Sh25million for development of the cooperatives sector out of which Sh18million will…
By Malachi Motano Co-operatives industry players have the government to create a standalone ministry for the cooperatives sector was the case in previous years. Among them is the chairman of the Agriculture, Livestock, Fisheries and Cooperatives Senate Committee Njeru Ndwiga, who is a former Minister for Cooperatives. They say the sector requires a standalone ministry…
By Tsozungu Kombe The department of cooperatives in Mombasa County will develop a recovery strategy to help Saccos recover from effects of the Covid-19 pandemic. Saccos in the region are currently experiencing challenges, leading to their failure to generate enough revenue for business recovery. Speaking to Sacco Review in Mombasa town recently, The County Cooperative…
By Malachi Motano The Government is set to borrow at least Ksh.1.5 trillion in the new financial year which will commence in According to final budget estimates tabled in Parliament last week, the new borrowing plan matches up to estimated loan financing in the current financial year running to June 30- Ksh.1.456 trillion. It had…
By Malachi Motano The government has ruled out revival of one time vibrant Moi University Savings and Credit Society (Musco). According to the Co-operatives Development Principal Secretary Noor Ismail, all signs were that the once vibrant Sacco whose license was revoked and placed under liquidation by the government in 2018 will not be revived. The PS was…
By Malachi Motano Members of Sirisia Sub County have been urged to invest their money in Co-operative Sacco’s to boost their lives economically. According to 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 have been visiting…
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 Malachi Motano Kimisitu Sacco’s 2021 virtual Annual General Meeting (AGM) conducted in Nairobi attracted participation from 28 countries around the globe. A member calling all the way from Abidjan in Cote d’Ivoire in West Africa commended the Sacco for its technological advancement. “I am getting you very well from this end,” Tony from…
By Malachi Motano The Sacco Societies Regulatory Authority (SASRA) Board has appointed Peter Njuguna as the acting Chief Executive Officer following the exit of John Mwaka after the expiry of his term. Njuguna will be in charge of the institution until a substantive chief is recruited with the board promising to offer him the necessary…
