Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Sacco Review Reporter Kenya’s vibrant cooperative sector will gain immensely if the promise by President-Elect William Ruto to reduce the price of fertilizer is implemented. While speaking in Meru over the weekend, Ruto hinted at a possible reduction of fertilizer price from the current Ksh.6,500. “I have had meetings with those at the Ministry…
By Kevin Odera/ Roy Hezron Kenya’s savings and credit co-operative (Sacco) sub-sector has recorded a growth in its asset base to reach Ksh 807.11 billion in 2021, the recently released the Sacco Society Regulatory Authority (SASRA) report has shown. According to the country’s Sacco regulator, the sub-sector total asset base increased from Kshs 734.22 billion…
By Musyoka Kaleti County Cooperative societies have urged the government to consider channeling the social protection funds for the aged through Saccos to make it easy for them to access their funds. This was said by Diana Wawira Mbogo, Chief Executive Officer of Daima Sacco Society during this year’s 100th Ushirika Day celebrations at Kangaru…
By Asa Maina Nyeri County is largely dependent on the Cooperative sector for its socio-economic growth and transformation, governor Mutahi Kahiga has said. Enumerating the successes of the sector, Kahiga said that the county has over 193 active Cooperative Societies with a total share capital of over Ksh2.3 billion, an asset base of over Ksh19…
By David Kipkorir Nafaka Sacco has joined in the long list of Saccos rebranding and is set to rebrand as it seeks a bigger pie in nationwide membership drive. “Through this rebranding, we have embarked on an exciting adventure to increase our visibility and accessibility countrywide,” said Nafaka Sacco chairman Mr Raymond Kipkoech Mwarey. Speaking…
By George Otieno Numerous Saccos participated in the 100th International Day of Cooperatives celebrations in Mombasa County, taking home various recognitions in their fields of operation. Saccos were grouped into their relevant tiers according to wealth levels, and ranked as per credit management, innovativeness and return on assets. Presided over by Mombasa Cooperative Director Mr….
By Musyoka Kaleti The 100th International Day of Cooperatives was celebrated by Embu Saccos at Kangaru Girls Secondary School, with different Saccos being feted for their contribution for the growth of the movement. Among the leaders who attended was Embu Deputy Governor David Kariuki, who is the immediate former Chief Executive Officer for Winas Sacco….
By Pascal Mwandambo Concerns have been raised over the large number of dormant Cooperative societies in Taita-Taveta County. Addressing members during the County Cooperative leaders’ meeting at Dan Mwazo Hall in Voi town, acting county Cooperative Commissioner Erastus Gonzi said out of the 210 Co-op societies, only 98 were active. “Stakeholders in the cooperative sector…
By Azael Masese The expectations of Kenyans for the 14th parliament in the cooperative movement have skyrocketed owing to President Elect William Ruto’s campaign of uplifting the economic and social welfare of Kenyans through boosting the cooperative sector which encourages savings and credit taking for engagement in income generating activities With the election of Former…
By Kamau Njoroge The Deputy Inspector General (DIG) of Police Edward Njoroge Mbugua has urged Kenyans to join the Kenya National Police Deposit Taking Sacco for their economic prosperity. The DIG said membership to the Sacco is not limited to police officers and their families but open to all Kenyans. He noted that the Sacco…
