Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Blockchain technology is the new kid in the block that could forever alter the digital landscape of the Sacco sector in Kenya. Blockchain is a distributed ledger that can keep track of the transactions happening in a number of machines and does not allow the retroactive alterations of records without the alteration of all subsequent…
By Our Reporter Frustrations from banks have forced Kisii County contractors to form a saving and credit society. This is to help the 100 members to access money at reasonable interest rate. Most contractors have their equipment confiscated due to unpaid loans. Kisii County Contractors Association chairman Ken Mariera said they have problems with banks…
By Our Reporter Tired of exploitations by middlemen sweet potatoes farmers in Migori County have joined hands to form a cooperative society to improve their earnings from their sweat. For a long period the farmers have sold their produce at low prices to brokers ending up living a miserable life. They now believe their woes…
By Our Reporter Jau Kali business people have formed a saving and credit society to boost their businesses. Mwanyagetinge Sacco, which is registered, will enable the business get cheap financing. Gael Ombiro, one of the Sacco founder members said they will soon recruit qualified accountants to ensure accountability and transparency in execution of its duties….
By Our Reporter Saccos in Kisumu have been urged to participate in county cooperative forums for exchange of ideas and bonding. County Ushirika Council chairman Edward Matoke also said the cooperatives should also work hand in hand with county government to be more productive. He challenged the county cooperatives to have ball games and other…
By Our Reporter Stima Sacco has opened a new branch in Embu town. Sacco’s National Chairman Ken Tarus said they also plan to establish an insurance agency. This is to tap into growing insurance market share. “The Sacco will also re-focus on the energy and allied sectors to grow the loan book,” said Tarus. Stima…
Titus Murithi Co-operative stakeholders have asked the National Government to put aside proposals affecting Saccos in the current finance bill. Tirus Nyaga , Southern Star Sacco Chairman, said the proposal requiring any bank transfer of Sh500, 000 and above to attract excise duty of 0.05 per cent amounted to double taxation. “The proposal is not…
By Tsozungu Kombe. Some 12 new Saccos in Taita Taveta County have been registered by the Ministry of Co-operative Development. Acting Taita Taveta County Cooperative Commissioner Erastus Gonzi said the new Saccos belong to the youth. He revealed that although only 12 new Saccos have been registered in the area, there was still room for…
By Kese Werugha Kilifi County Co-operative Commissioner Mary Mukare has described Imarika Sacco as one of the fastest growing Sacco in the country. She said that the Sacco which comprises members from all walks of life both in the formal and informal sectors, teachers, farmers, business community and Micro-Small-Enterprises (SME) ,has continued to post impressive…
By Our Reporter Co-operative Alliance of Kenya (CAK) has named Imarisha and Bandari Saccos as the best in the Coast region. CAK Executive Director Daniel Marube said the Saccos had greatly contributed to socio-economic development of residents in the region. Imarisha Sacco which is based in Kilifi County has an asset base of Sh8.2 billion…
