Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Daniel Liyayi Sacco Societies Regulatory Authority (SASRA) has warned that continued absence of deposit insurance facility and access to the national payment systems may stifle growth of the Sacco movement. SASRA Director Sammy Ruto said that despite the sector’s total assets having increased by 12.4 per cent to reach Sh442.27 billion in 2017, the…
By Our Reporter CoreTEC Systems & Solutions is the leading Mobile (Digital) Financial Service Application provider company in country’s Sacco sector. In a recent survey conducted by Sacco Societies Regulatory Authority (SASRA), the firm ranks at the top of the leading companies in provision of digital technology to Saccos. According to 2017 Sacco Supervision Annual…
By Our Reporter Surestep Sytems and Solutions Ltd has been rated highly among the leading ICT service providers in the Sacco sector. In a new Sacco Societies Regulatory Authority (SASRA) annual supervisory report, the company is one of the 12 credible service providers serving a high number of savings and credit co-operatives in the country….
By Kennedy Shivairo COTU Secretary General Francis Atwoli says the country needs vibrant Saccos and Societies to help individuals live a better life. Talking to Sacco Review at his office in Nairobi, Atwoli advised workers to form Saccos which can assist them grow through loans, adding that salaries offered by most employers were not enough…
By Our Reporter The agriculture sector is at risk of lowered productivity if the Government does not revert to zero-rated pesticides, according to Evelyn Lusenaka, Chief Executive Officer of the Agrochemical Association of Kenya (AAK). The organization has opposed the introduction of 16% VAT on pesticides saying the new tax will raise operations costs for…
By John Majau Tharaka-Nithi Deputy Governor Francis Kagwima has urged the youth in the area to form or join registered groups in order to benefit financially from the Government and donor funding. He said only registered youth groups will benefit from donor, national and county governments funding. Speaking to leaders at Ntunyai market, Kagwima said…
By Boniface Mulu The Chairman of the Kitui Horticultural Farmers Savings and Credit Cooperative Society Limited David Matheka has announced that the society’s share capital stands at Sh3.5 million. He said the society plans to raise the share capital to Sh10 million by the year 2020 and increase its membership to 500. Matheka said currently…
Kibugu Farmers’ Co-operative Society was awarded the overall prize for paying the highest average income per member in the county. The society emerged top in eight categories during the Ushirika Day celebrations in Embu County. It produced 2.56 million kilogrammes of cherry and was followed closely by Murue Co-operative with 2.25 million kilogrammes. The society’s…
By Boniface Mulu Kitui County Trade, Co-operatives and Investment Minister Philip Mumo has said that the co-operatives are an important and efficient instrument to create wealth and fight poverty. “They bring people together in a democratic and equal way and allow people to take control of their economic future,” the minister added. Mumo said that…
By Asa Maina Housing co-operatives have been urged to focus and broaden to outreach individual members so that they can join the corporate ownership of houses and improve the quality of their homes. The Chairman Nyeri County International Co-operative Alliance (ICA) celebrations committee Newton Nderitu said high interest charged on mortgages have made it difficult…
