Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Imarika Sacco has set aside Sh350 million for the construction of a modern office complex at the county headquarters in Kilifi town. Speaking during the Annual Delegates Meeting recently, the society’s Chief Executive Officer Daniel Masha disclosed that construction works is currently ongoing and phase one of the project has already been…
By Our Reporter Kilifi County Government will strive to ensure that it creates an enabling environment for the growth of co-operatives. The County Executive Committee Member in charge of Trade, Tourism and Co-operative Development Nahida Mohamed said the county will soon come up with policies on co-operative development. She said the legislation and policies will…
By Our Reporter The youth in Malindi Sub County in Kilifi County recently received Sh5.9 million from Uwezo Fund to boost their businesses. Malindi Sub-county Youth Development Officer Juma Mtana said that the funds have been distributed to 66 youth groups in the sub-county. He said the funds received in March this year were distributed…
By Jane Wangeci Lamu Teachers Sacco is in the process of selling two of its branches so as to raise money to pay a Sh30 million loan the sacco has been servicing since 2013. According to the Sacco’s Chief Executive Officer Michael Kirui, the Sacco will dispose Witu and Faza branches. The proceeds will be…
By Stephen Makabila In a rare departure with tradition, where leaders are the ones put under the spotlight, the State Department of Co-operatives now wants individual Sacco members to be alert and hold the leadership of their respective Saccos to account. “We are putting Sacco members on notice. If your Sacco is not performing, ensure…
By Munene Maina The technological advancements sweeping the financial sector and the high cost of opening and running branches have forced Savings and Credit societies to re-strategize to beat the competition and grow their businesses. Most Saccos are now rolling out agency banking or opening satellite branches to extend their reach and reduce operation cost…
By Dennis Bett The County Government of Elgeyo Marakwet has created a revolving fund worth Sh10 million for Sacco’s across the county to empower them as well as reviving the dormant co-operatives. As part of the programme, the government will also pursue a welfare scheme programme for the co-operatives which will see members benefit at…
By Our Reporter Residents of Vihiga County have been urged to join Saccos and related community savings group to generate and boost their incomes. According to Vihiga Senator George Khaniri, such groups would provide locals with cheap credit and finance to start businesses. A research report shows that out of every ten people in the…
By Our Reporter Bungoma County Governor Wycliffe Wangamati has called for concerted efforts by all stakeholders to revive the co-operative movement. Addressing Ngarisha Sacco members during the Sacco’s Annual General Meeting (AGM), Mr Wangamati said co-operatives will boost the county’s economy. He said that through co-operatives, residents will benefit from a variety of investment opportunities…
By Aggrey Buchunju Members of Relisa Housing Co-operative Society Ltd Bungoma branch, have resolved not to sell Finlay House. The society members were divided over whether the house should be sold and shareholders share the proceeds or not, during their education meeting day at Bungoma Railway station recently. The decision was reached by a majority…
