Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Nairobi County leads the country in the number of highest savers in the cooperative sector, with the highest saver hitting Sh76 million, the county’s Cooperative Commissioner Dolphine Alemi has said. Speaking during Nyati Sacco Annual General Meeting recently, Alemi said Kenya is one of the leading countries in the world in cooperative…
By Kamundia Muriithi A co-operative that was started by Jua Kali artisans and small scale traders in Runyenjes town of Embu County now plans to start offering Front Office Sacco Activities (FOSA) to meet increasing needs of its members. Started 10 years ago with an initial share capital of Sh237,000, the Focus Sacco Society has…
By Makoma Musyoka A ward representative has pledged to audit all the coffee societies in Machakos County with a view of reviving the sector which has been run down through mismanagement over years. Speaking to hundreds of farmers at Kilalani Coffee Farmers Co-operative Society in Kangundo Sub-county during this year’s Annual General Meeting (AGM), Kangundo…
By Kamundia Muriithi Nawiri Sacco Society Limited has unveiled an array of innovative products and services meant to promote the financial wellbeing of members. The Sacco has several products targeting the youth to enable them save and access affordable loans. It also has several technologically driven services. The Sacco which is headquartered in Embu town…
By Amoto Dennis Kenya Bankers Association Chairman Habil Olaka has observed that banks offering Islamic sharia complaint products face challenges in meeting rising demands for the products. He noted that the Kuala Lumpur based Islamic Financial Services Board demands that banking services and products must comply with sharia law to grow the products at about…
By John Majau For a long time in the past, farmers in Meru wholeheartedly engaged themselves in planting and harvesting of potatoes without even the slightest clue of the specific market they intended to sell their produce to. Many would be forgiven for thinking that farmers originally cultivated the crop for the sole purpose of…
By John Majau Meru leaders have called on women and youth in the county to enroll in organized and registered groups before applying for government and donor funding. Meru County governor Kiraitu Murungi and Public Service, Gender and Youth Cabinet Secretary Prof Margaret Kobia, said only women and youth who are in such groups will…
By Stephen Makabila Chai Sacco will officially launch its three branches by June this year, the Chief Executive Officer (CEO) Festus Mwatee has indicated. Mwatee noted that though the Sacco’s Kisii, Nkubu and Mombasa branches have been in operation, they were yet to be launched officially. “We have plans to officially launch the branches around…
Savings and Credit Co-operative Societies (Sacco’s) have continued to play a significant role in promoting economic interest of their members. In Kenya, their role in uplifting lives in the community through financial inclusion cannot be overlooked. Saccos have helped members to mobilise savings and borrow in turn for investments in enterprises and personal development, thus…
By Mary Ndung’u The Kenyan housing sector is extremely ripe for profitable involvement and participation by the various players in the property value chain. From the soon to be launched Kenya mortgage refinance company (a concept developed and currently in the process of implementation by the National treasury), to the government’s big four agenda that…
