Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Felix Wanderi Kiambu County coffee co-operative societies have now come together under one association in a bid to resurrect the sector. The 22 societies came together to form Kiambu County Coffee Farmers Association so as to foyer the government support for coffee production, processing and marketing. Kiambu County Governor James Nyoro said the move…
By Our Reporter Co-operatives societies will have to wait until next year to hold Ushirika Day celebrations as the rising cases of Covid-19 forced organizers to call off the event. The event, part of the United Nations’ (UN) International Day of Co-operatives, was set for July 4, 2020, but the continued state ban on large…
Bungoma County Government is set to revive the dormant co-operative societies in the region. Stella Mutsotso, the Chief Officer in charge of Co-operatives urged farmers to join co-operative societies in order to empower themselves economically. “If our farmers join co-operative societies, they will get better returns of their agricultural produce based on their bargaining power….
By Staff Reporter Following the expiry of Mr. Chris Useki’s tenure as the managing director of Stima Sacco, the board has resorted to appointing Mr. Gamaliel Hassan as the acting Chief Executive Officer. Mr. Useki took over the helm of the Sacco in October 2016 as the acting chief executive officer after the resignation of…
By Staff Reporter Savings and Credit Co-operative societies (Saccos) will face pressure to offer attractive interest rates on loans in the wake of prices of commercial loans falling to levels last seen in 2005. The Central Bank of Kenya (CBK) has been pushing banks to lower interest rates despite the removal of interest rate cap…
At A Glance… -Law will ensure the cases of mismanagement and bad governance in Saccos will be a thing of the past. – It will spare members losing billions of their hard-earned savings. –Legislation will regulator Sasra more say in determining who may serve as an official in a Sacco. –This offers hope to the…
At Glance –Thousands of sacco members are receiving support in the wake of difficult economic situations triggered by Covid-19. – Many Sacco members who have lost jobs, sent on compulsory non-paid leave or given pay cuts. – Mwalimu National has increased the amount its members can withdraw via the mobile application from Sh70,000 to Sh150,000…
By James Wakahiu Real estate developer, Urithi Housing Cooperative Society has dispelled fears that the Multibillion Organization is financially impotent but admits that business has significantly degenerated as a result of the Covid-19 pandemic. Urithi Housing Cooperative Chairman Samuel Maina confirmed that the company is still on course to deliver pending projects to its members…
By Jackson Okoth At the helm of Kimbilio Daima Sacco Society Limited as Chief Executive for more than 18 years, Rose Chepngetich remains an inspiration to many women aspiring to occupy executive positions and make a difference in the corporate world. Rose represents a class of women joining the boardroom and executive positions of many…
By Tsozungu Kombe Women Saccos in Lamu County have received a boost of Sh 11 million to enhance their activities. The money was raised during a fundraiser held recently. The county has also registered four youth Saccos according to the area Cooperative Auditor Nickson Baya. Speaking to Sacco Review in his office, Baya urged youth…
