Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By David Kipkorir The Savings and Credit Co-operative Society (Sacco) membership in the country rose from 5.47 million affiliates in 2020 to 5.99 million in 2021, even as dormancy was projected to have dropped from the previous financial year. The Sacco Supervision Annual Report, 2020, shows that out of the total membership of the sub-sector,…
By Robert Nyagah Mr Geoffrey Njang’ombe, former Commissioner of Cooperatives, has a unique demeanour; polite, cool and collected. Yet behind the tranquility of mien is a tough uncompromising personality, but not in the usual sense of intense outlook commanded by senior corporate gentlemen and ladies. His amiability goes beyond common etiquette, transcending even the wiles…
By David kipkorir The highest proportion of loans advanced by Saccos in 2021 went toward the land and housing sectors of the economy, which accounted for 26.98 per cent of the total credit facilities advanced, a Supervision Annual Report 2021 by Savings and Credit Co-operative Societies (Saccos) shows. The report also depicts the education sector…
By Pascal Mwandambo Before I get to the core of this story, let me tell you about the amusing anecdote about a strange ‘doctor’ in the village where I grew up. I describe him so because some of the shenanigans he exhibited border on the absurd, if not criminal. You see Disco Matanga, for that…
By Gilbert Ochieng Busia County Chief Officer for Cooperatives and Investments Patrice Lumumba has revealed they have instituted stringent measures for Saccos aimed at safeguarding the savings of members. Speaking during the 100th Ushirika day celebrations at Busia Vocational Training Centre, Mr. Lumumba said the county government will not relent in its pursuit to ensure…
By Victor Ochieng’ In a book titled Talk like TED, Carmine Gallo identifies three components of an inspiring presentation:emotionality, novelty and memorability. Emotionality means that the speech touches the heart, not just the mind. Noveltyimplies that the talk teaches something new. Memorability means that the speaker presents the content in a way that the audience…
By Roy Hezron The one time vibrant Moi University Savings and Credit Cooperative Society (MUSCO) is now on its deathbed. The Sacco’s MUSCO Towers, a commercial building in Eldoret town, will forever bring back painful memories to the thousands of Sacco members who are not sure whether they will ever recover their hard earned cash…
By John Majau The miraa sub-sector has shown signs of recovery from the two-year ban in Somalia, signalled by the increased deposits farmers make at Saccos and other banking institutions. According to Mr Titus Munjuri, Dhabiti Savings and Credit Cooperative Society’s chief executive, farmers’ deposits had risen by about 15 per cent over the past…
By Tsozungu Kombe Youths in Taita Taveta County have been urged to form Saccos to enable them prosper. Speaking to Sacco Review in Wundanyi recently, Taita Taveta Cooperative director Mr. Erastus Gonzi said that youths are the majority and they should be sensitized on the importance of forming Saccos to uplift their living standards. “Though…
By Obegi Malack obegimalack@gmail.com Kenya Teachers Sacco Association (KETSA) national chairperson Robert Njue has called upon teachers Saccos to join the association to pool resources together and address the unique needs of Saccos. Njue, who is also Winas Sacco chairman, said the association has been successful in ensuring employers remit money to the Saccos on…
