Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Wasike Elvis Co-operatives in Uasin Gishu County have been challenged to ensure that they comply with Co-operatives and Societies Act to avoid being deregistered. Speaking recently after meeting the leaders from various cooperatives, County Executive Committee Member in charge of Co-operatives and Enterprise Development Esther Mutai said that all co-operatives in the County must…
By John Majau Co-operative leaders in Meru County want the national government to clear debts owed by farmers’ societies. Meru Dairy Co-operative Society chairman Mr Simon Kiruja urged Governor Kiraitu Murungi to petition President Uhuru Kenyatta on behalf of farmers to waiver the debt. Coffee Farmers Chairman Mr Mbaabu Mitunga lauded Kiraitu for adapting and…
By Dickson Kipsang A section of Nandi youths have created an awe inspiring tale by converting a WhatsApp group into a Savings and Credit Co-operative Society Limited aimed at empowering members economically. The group known as Maskani WhatsApp Group was officially converted into Maskani 029 Sacco as a result of a resolution passed during the…
By Our Reporter Bunyala Sub-county Co-operative Officer Fred Odalo has told Busia County residents to increase their co-operatives’ shares to improve their Sacco’s financial status. Odalo said the Government was strict in ensuring no managers were running Saccos down. He also urged co-operators to stay alert and report any suspicious activities in their co-operatives. He…
By Kephas Ayiecha Cyber crime has been cited as a major threat to the growth of deposit taking co-operative societies in the country with most of them incurring huge losses owing to inability to procure sophisticated security systems to contain the vice. This was revealed during Ushirika Day celebrations in Trans Nzoia County recently. The…
By Tsozungu Kombe Kilifi County Government will continue to support Co-operatives in the region to enable them to offer quality services to members and the general public. Speaking during the 96th International Co-operative Day celebrations held at Kilifi Primary School playing ground in Kilifi town recently, County Government Executive Committee Member for Co-operative Development, Trade…
By Munene Maina The demand for inter-lending among co-operative societies ranks high, but procedural steps in making the process smooth remains a hurdle. This is despite some Saccos controlling huge balance sheets more than even tier-three banks that they can loan at cheap interest rates to other sector players compared to more expensive sources such…
By Beatrice Jepkosgei Nyandarua County Government has set aside Sh100 million to revive a potato factory. Speaking during the 96th International Co-operatives Day at Catholic grounds, Governor Francis Kimemia said that they are going to revive the potatoes factory to create jobs for the youth and increase the rate of food production in the county….
By Kage Njoroge Co-operatives societies have emerged as strategic economic growth drivers which have created sustainable revenue generating opportunities in Murang’a County. County Executive Committee Member for Cooperatives Development, Edward Muiruri Maina explained that the sector is central in the economic and social lifeline in this county. Muiruri states majority of the residents earn their…
By Munene Maina High rate of gambling is affecting members’ savings trend in many saving and credit co-operatives countrywide. CIC Insurance Group Chief Executive Officer, Tom Gitogo said the ongoing inquiry into gambling licences is analysing whether the ban on gaming on credit needs to be stricter to combat over indebtedness as a result of…
