Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Sammy Chivanga Savings and Credit Cooperative Societies (SACCOs) will get a Sh3.79 billion dividend cheque from Cooperative Bank of Kenya, giving them a major liquidity boost in Covid-19 environment. The pay-out, set for mid-April, comes after Co-op Bank board defied the prevailing dividend freezes and cuts in corporate Kenya to declare Sh5.86 billion dividend…
By Malachi Motano The war against post-harvest loss seemingly may soon have a major victory with your help, as more simple and cost-effective measures continue to be adopted in the value chain. I learned of jerrycan bean storage technology that is gaining popularity in Kenya courtesy of the Feed the Future Scientific Animations Without Borders…
By Bonface Mulu The Bestrock Savings and Credit Cooperative Society plans to construct its own building within Kitui town to save money spend on rental costs. The society’s chairman Francis Muli Kithae the building will also ensure that they enough office space. The Sacco will construct the building within the Kitui Town’s Central Business District…
By Lydia Ngoolo Kwetu Sacco Supervisory Chairperson Schola Kyeti has asked teachers to bank with the Sacco because it offers convenient services. Speaking at Kibwezi she told them that it is easy to borrow from the Sacco, unlike from banks which only lend business people but not teachers. “We are kindly waiting for you to…
By Tsozungu Kombe Twenty five women and youth groups in Mvita constituency have received loans from Uwezo Fund amounting to Sh36.6 million to boost their businesses. Mvita MP Abdulswamad Shariff Nassir said they have been given the money as a revolving fund to enable them improve their small scale businesses and repay later. He added…
By Asa Maina Biashara Sacco has been licensed to operate agency banking services by Sacco Societies Regulatory Authority (SASRA). The move follows a successful pilot implementation and opening of a satellite office in Mairo Inya along Nyeri – Nyahururu road. The institution has also embarked on the full installation and development of the Electronic Document…
By Norah Musega Bodaboda operators in Awendo sub county, Migori County have formed an umbrella body to enhance unity among all riders for development purposes. They conducted elections at the sub-county headquarters in Awendo on April 1, 2021 where Felix Otieno was elected chairman and Victor Opuch the secretary. Speaking after elections the officials told…
By Our Reporter The county government of Bomet has constructed a modern sweet potato processing plant in Chepalangu Sub County. The county has under the leadership of Governor Hillary Barchok tapped into the resource to improve the economic standards of area residents The plant which is set to be launched soon will focus on production…
By Aggrey Buchunju Relisa Sacco finally conducted Bungoma branch elections which had been postponed for one year due to the Covid-19 pandemic. Messrs Phillip Amwayi and Ben Watitwa were elected unopposed to serve as delegates during the elections held at Bungoma Railway station grounds. The peaceful elections were presided over by Madisa Barasa from the…
By Malachi Motano The Kenya National Police Deposit Taking (DT) Sacco is projecting a 28 per cent growth in clients and assets in the current financial year. According to the Sacco Chairman David Mategwa, the Sacco plans to expand its asset base to Kshs. 50 Billion after he announced an impressive Sh39 Billion for last…
