Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Stephen Makabila Under the Big 4 Agenda of President Uhuru Kenyatta’s last five years in office ahead of his retirement in year 2022, the co-operative sector is expected to be instrumental in the achievement of these agenda namely- Food Security, Affordable Housing, Manufacturing and affordable Health Care for all. The Co-operative sector is supposed…
By Our Reporter All sub-counties in Kakamega County will have a fully-fledged Smart Dairy farm station at a cost of Sh20 million. Deputy Governor Prof Philip Kutima said the county government has embarked on a Sh240 million Smart Dairy farms initiative. So far the stations have been established in two sub-counties. The facilities have each…
By Godfrey Wamalwa Busia County Executive Committee Member for Trade, Co-operatives and Industrialisation Judith Maketso has lauded the management of Magombe Multipurpose Co-operative for the job well done. “Behind the floods in Budalangi there is something beautiful with potential that requires support from all the stakeholders,” she said. Maketso said the county government will fund…
By Azael Masese Failure by co-operative members to interrogate the performance of their respective organisations has been identified as a weakness that needs urgent remedy. Intriguingly, this happens even in Savings and Credit Cooperative Organisations (Saccos) where majority of the members are the elite, leading to embezzlement of members’ savings. State Department of Co-operatives Senior…
By Munene Maina The Government has moved with speed to avert money laundering within savings and credit societies. At a time when several banks were implicated in the infamous National Youth Service scandal for violating the law leading to loss of billions of public money, the Government wants to seal all loopholes that may allow…
By Munene Maina The National Coffee Co-operative Union (NACCU) has affirmed its support for Coffee Subsector Implementation Committee. In a press release, the union said it was fully behind the implementation committee led by Prof. Joseph Kieyah and supports the execution of all the eight pillars of the Presidential taskforce reforms report. It said the…
By Munene Maina The State Department of Co-operative has issued a notice to dormant co-operative societies to shape up or close shop. Permanent Secretary in the department Ali Ismail said they will liquidate all non-performing societies in the country. Statistics from government indicate that more than half of over 21,000 registered societies are inactive. In…
