Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese Bomet County is developing a cooperative policy to address issues affecting the operations of societies in the region. County Co-operative Commissioner David Kerich said the Bill that will establish this into law is before the County Assembly. “If adopted, it will attempt to curb mismanagement of co-operatives in the region since this…
By Munene Maina Angaza Afrika Sacco has been ordered to reopen its branch in Nanyuki town. Laikipia County Government has directed the Sacco to do so within three months and address concerns of 200 members. This follows members’complaints after the Thika-based Sacco closed their office without notice sparking fears they may lose their money. Laikipia…
By Wasike Elvis In its move to improve the livelihoods of its residents Uasin Gishu County Government has increased the County Co-operatives and Enterprise Development Fund to ensure more co-operatives benefit from the fund. According to the CEC in charge of Co-operatives and Enterprise Fund, Esther Mutai , their aim is to loan up to…
By Our Reporter Governor Kiraitu Murungi has called on all the farmers to embrace saving by joining co-operatives. He also asked them to join organized and registered groups to enable them benefit financially from both the National and County Governments noting that it is not profitable for an individual to transport or export a commodity…
By Munene Maina Saccos should move fast enough to cope with modern and dynamic financial strategies. Vincent Marangu , a manager with Co-operative Bank, said this was the only way Saccos can ensure their operations are not affected to sustain their growth. “The co-operative sector has been marked with milestone developments. It is high time…
By Kamundia Muriithi Dairy farmers in Kenya have impressed their counterparts from Sierra Leone in the way they source credit to expand their farming and add value to their produce. A delegation comprising dairy farmers and bank executives from Sierra Leone, while on a benchmarking visit of Blessings Farm in Embu County, said they were…
By Bonface Mulu Kitui Teachers Sacco plans to reduce cases of loan defaults and has partnered with Trans Union to share credit information with other financial institutions. The Sacco Chairman, Dr. Joseph Kithome , said the move would stabilize the Sacco as cases of loan defaults would be minimized and members with bad credit history…
By Stephen Makabila It will not be business as usual for the increasingly vibrant service providers in the Co-operative Sector when the new Co-operative policy is operationalised soon. The government, through the State Department of Co-operatives, now plans to vet service providers to ensure briefcase firms milking Saccos and Co-operatives are locked out. “There are…
Azael Masese Two Saccos, which cannot be named for legal reasons, will soon be dissolved for non-compliance, State Department for Co-operatives has indicated. Senior deputy commissioner Geoffrey Njang’ombe said they are about to revoke their licenses which will lead to their dissolution. The move comes at a time when the Government is set to introduce…
By Kiptanui Rutto Improved efficiency will prove critical in the Sacco sub sector as the battle for increased membership intensifies. In order to achieve that coveted target, the application of technology has come in handy to provide top-notch solutions in the business world. One of such Information Technology (IT) solution provider that has walked hand…
