Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Roy Hezron Agriculture and Cooperatives Cabinet Secretary Peter Munya has assured farmers that the draft Coffee Bill 2020 will curtail corruption in the sector. Under the proposed law will officials leading coffee co-operative societies will only elected to serve for not more than two terms. Coffee factories will also be free to register as…
By Martin Ruto Some Moi University students have registered a Sacco to enable them make some savings as they pursue their studies. The students said the Sacco will take care of their welfare and also help meet some basic needs in the institution. “We have decided to form a SACCO to assist our members whenever…
By Our Reporter Amica Sacco chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will boost Sacco portfolios and also improve their financial status. He lamented that payment of civil servants and entrepreneurs exclusively through banks was alienating Saccos from…
By Tsozungu Kombe Farmers in Taita Taveta County have been urged to join Saccos in large numbers and save heavily to enable them get loans to boost their undertakings. Speaking to Sacco Review from Wundanyi town recently, the Taita Taveta County Cooperatives Commissioner Erastus Gonzi said many farmers lack of adequate capital. He further asked…
By John Majau Agriculture Cabinet Secretary Peter Munya has asked Miraa farmers in Igembe, Meru County to borrow money disbursed to Mwenge Miraa Sacco for business development. Munya, who was flanked by senior ministry officials and EALA MP Mpuru Aburi, said farmers and traders were now able to borrow from a Sh122 million fund which…
By John Majau Meru County Government has launched an aflatoxin testing laboratory at Kinoru Dispensary to area residents from consuming the fungal toxins. Aflatoxin is feared to be one of the causes of increased cancer cases in the region and the country at large. The lab was launched five years after a study done by…
By Malachi Motano Savings and credit cooperative societies (Saccos) can now make owning home a reality to their members thanks to a structured financing of affordable houses product by Kenya Mortgage Refinance Company (KMRC) which ensures there is alignment between rents and mortgage take up. “We needed to focus on Saccos because there is greater…
By Malachi Motano The government has blamed unprofessional behaviour by managers of co-operatives for the loss of members’ investments. Co-operatives Principal Secretary Ali Noor says the inquiries instituted by the department show that in many instances unprofessional behaviour was the reason for loss of investment. “Unscrupulous persons have used co-operatives to swindle innocent Kenyans out…
By Collins Akong’o Farmers in Kwale County will benefit from a Kshs. 85 million green grams factory to be constructed in the region. The project to serve about 7,000 small scale farmers will be constructed for Kwale Pavi Farmers’ Cooperative Society. It is part of the Sh21 billion National Agricultural and Rural Inclusive Growth Project…
By Asa Maina Four-year-old Nyeri South Traders Sacco paid a dividend of 10% in 2020, an increase from eight percent in 2019. The Sacco chairman Joseph Wanjohi said it had also paid out a dividend of 10% in 2017 and but the payout declined to 4% in 2018. Speaking during its fourth Annual General Meeting…
