Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Kilifi County Government will continue to support Co-operatives in the region to enable them to offer quality services to members and the general public. Speaking during the 96th International Co-operative Day celebrations held at Kilifi Primary School playing ground in Kilifi town recently, County Government Executive Committee Member for Co-operative Development, Trade…
By Munene Maina The demand for inter-lending among co-operative societies ranks high, but procedural steps in making the process smooth remains a hurdle. This is despite some Saccos controlling huge balance sheets more than even tier-three banks that they can loan at cheap interest rates to other sector players compared to more expensive sources such…
By Beatrice Jepkosgei Nyandarua County Government has set aside Sh100 million to revive a potato factory. Speaking during the 96th International Co-operatives Day at Catholic grounds, Governor Francis Kimemia said that they are going to revive the potatoes factory to create jobs for the youth and increase the rate of food production in the county….
By Kage Njoroge Co-operatives societies have emerged as strategic economic growth drivers which have created sustainable revenue generating opportunities in Murang’a County. County Executive Committee Member for Cooperatives Development, Edward Muiruri Maina explained that the sector is central in the economic and social lifeline in this county. Muiruri states majority of the residents earn their…
By Munene Maina High rate of gambling is affecting members’ savings trend in many saving and credit co-operatives countrywide. CIC Insurance Group Chief Executive Officer, Tom Gitogo said the ongoing inquiry into gambling licences is analysing whether the ban on gaming on credit needs to be stricter to combat over indebtedness as a result of…
By John Majau The County Government of Meru has raised the red flag against poorly performing coffee societies making losses and threatened to close them for being a liability to farmers. The Government has also put on notice societies producing less than 5,000 kilogrammes of coffee annually saying they will be merged to form strong…
By Renson Ireri With the continuous growth of Deposit-Taking Saccos in Kenya, and the positive reception given to the Sacco societies concept by Kenyans of different status, regions, age and professions, the future of the co-operative movement is very bright and needs to be well nurtured. Whereas the banking industry continues to face a myriad…
Co-operatives societies are highly relevant and important in the realisation of President Uhuru Kenyatta’s Big Four development agenda. Affordable housing is one item on the agenda that Uhuru has focused on in his final term in office. The others are manufacturing, universal healthcare and food security and nutrition. If harnessed, the experience and capacity of…
By Dennis Bett The county government of Elgeyo Marakwet has partnered with Non-Governmental Organizations to add value to milk, honey and tomatoes. Through the partnership, farmers and businesspeople will be mobilized to join cooperative societies. The county government has started reviving dormant cooperatives by injecting funds to strengthen their operations to benefit famers through value…
By Wasike Elvis Uasin Gishu County Government through the Ministry of Cooperative Enterprise Development is poised to ensure that people in co-operatives are empowered financially through giving loans. According to the CEC in charge of Co-operative Development Esther Mutai Sh315 million has been set aside to be disbursed to Co-operatives societies in form of loans…
