Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth The Co-operative Tribunal has released to the public, a calendar of its sittings outside Nairobi, as the quasi-judicial body rushes to clear matters that have been pending before it. These hearings will happen in the period between July 2019 and June 2020. This Tribunal is a specialized court established under section 77…
By Godfrey Wamalwa Busia Governor Sospeter Ojaamong has urged Sacco members to make timely loan repayments. This, he said, will boost the institution’s financial base. Governor Ojaamong was addressing members of Malaba Border Riders Sacco recently during a funds drive to support purchase of a mini-bus. He noted that without discipline in lending and repayment…
By Benedicto Ng’etich Kericho County Director of Cooperatives Leonard Otii has advised Saccos affiliated to giant multinationals to device other means of survival in the face of dwindling membership. Otii expressed fear over the survival of the societies after the parent companies started early retirements of employees due to what has been seen as the…
By Kamundia Muriithi Twenty-four co-operative societies in Embu County are struggling to pay a Sh90 million loan borrowed five years ago to set up a coffee mill that has since stalled. The debt has ballooned to Sh127 million as most societies are unable to service the loan. Each society was to pay Sh3.8 million, while…
By Wasike Elvis and Rosemil Oduor Uasin Gishu County Executive Committee Member in charge of Cooperatives and Enterprise Development, Esther Mutai, has urged the government to consider revoking the cancellation of Moi University Sacco. She noted it was wrong for the State Department of Cooperatives to revoke the license without following the due procedure. She…
By Tsozungu Kombe Youth and women in Kilifi County have been urged to join Saccos to improve on their economic status. Speaking to Sacco Review in Kilifi town recently, County Cooperative director, James Mwasi said that negative attitudes towards has denied the groups social and economic empowerment. He urged residents to join Saccos saying they…
By John Majau Meru County Assembly has passed a motion that will enable the county government to set aside funds to support miraa farming. The motion moved by Naathu MCA Samuel Mutura intends to mainstream activities to add value to the county’s cash crop. The three sub-counties: Igembe North, Igembe South and Tigania East are…
By Felix Wanderi Kenya National Union of Teachers (KNUT) Secretary-General, Wilson Sossion has called upon teachers to support Saccos as they have a huge impact on their economic stability. He was speaking in Kiambu town during the annual general meeting of KNUT Kiambu East branch, where he told the teachers to be loyal to their…
By Washington Okellah Fish traders from Port Victoria town in Budalangi constituency have been urged to form co-operatives that would enable them to access development loans. Speaking after launching a 14 seater Nissan van bought by Maningo Sacco members recently, area MP Raphael Wanjala said Saccos are the bridges that lead to wealth. He lauded…
By Andanje Wakhungu Residents of Kakamega County have been urged to form more cooperative societies to their livelihood activities. Speaking during the launch of Machesi Cooperative Society in Mugai /Shirugu ward, cooperative officer, William Muchiti, said cooperative societies was the only way forward for the residents to be able to sustain development in the area….
