Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter The fight over a storey building-Sonyaco Plaza in Homa Bay town has escalated after two splinter groups renewed their acrimony over its management. The building is owned by members of Southern Nyanza Co-operative Society (Sonyaco). Trouble started in 1993 when the Sacco administration collapsed leaving members of Sonyaco Saving and Credit Co-operative…
By Martin Ruto Pokot Youth Bunge Organisation has made great strides in supporting education in West Pokot County. The organisation started its programme through piloting two zones in the county which include Kishaunet zone and Chemwochoi zone. The major aim of the Pokot Youth Bunge Organisation is to supply primary schools with learning and teaching…
By Benedict Ng’etich Strong and established savings and Credit Societies in Kericho County have been urged to assist small marketing societies by giving them soft loans. The Kericho County Director of Co operatives Leonard Otii pleaded with the strong saccos to extend the support in order to grow their businesses reach and also lift the…
By James Wakahiu Real estate stakeholders in Kiambu County have lauded the move to digitize all the land records. They said this will make it easy for Kenyans to acquire their title deeds within a short period. According to the Wezesha Real Estate Company Director John Mwanu, technology in the lands registries will fasten searches…
By Amoto Dennis AFC Leopards Sacco has partnered with an insurance company to offer health cover to members. The Sacco Chairman Maurice Osundwa said the health cover of Sh200, 000 will also cover spouses and children. “This will bring an end to frequent fundraising for our members,” Osundwa noted. Devolution CS Eugene Wamalwa was present…
By Erick Nyayiera Farmers in Siaya County have been warned against selling their produce at a throw away price. Siaya Governor Cornel Rasanga has observed that many farmers are likely to sell their produce at a throw away price following the projected bumper harvest this season, and therefore warned them not to do so. He…
By Erick Nyayiera Kisumu County Government’s department of co-operative development has ordered all cooperative societies in the region to produce audit reports or risk punitive action. County Executive Committee Member in charge Business, Industrialization and Energy Alice Moraa deplored a tendency adopted by Saccos where they produce doctored audited reports that do not depict the…
By Godfrey Wamalwa Matayos Reality Savings and Credit Co-operative Society is targeting loans from County Enterprise Development Fund (CEDF) and Co-operative Bank to invest in real estates. Addressing the press recently, the Sacco organizing secretary Duncan Kubasu said their short term plans are to build houses and later sell them to members as loans. He…
By Erick Nyayiera Kisumu County leadership has been asked to incorporate the co-operative agenda in the County Integrated Development Plans to boost local Saccos. The Chairman Kisumu County Ushirika Day celebrations Edward Matoke noted that the Saccos were in great need of support and improvement services from the government hence the embedment of the cooperative…
By Erick Nyayiera Small co-operatives operating in Nyanza and Western region have been urged to consider exploiting loaning facilities from the giant Sacco organisations to maximise productivity. Western regional Chairman Ushuru Sacco Owuor Awuor regretted that most Saccos in the western and Nyanza region have suffered exploitation from the commercial banks who charge huge interests…
