Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Harambee Sacco is employing every strategy to ensure that they hit their 2025 target of 86,502 members, Sacco chairman Macloud Malonza has said. Speaking during the 52nd Annual Delegates Meeting (ADM) held at Safari Park Hotel, the chairman said the membership currently stands at 74,274 having recruited 6,276 new members in 2022. To help sustain…
Nafasi DT Sacco recently rebranded from Nafaka Sacco so as to open up the market through new products which target various sectors of the economy. Speaking during the rebranding and opening of the Sacco’s first branch at Shujaa Mall in Kayole, Sacco chairman Koech Mwerey said the new branch is a great milestone for the…
Gusii Youth Bunge Sacco recently held a colourful Annual Delegates Meeting (ADM) to celebrate its tremendous growth and performance last year. Speaking during the event held at Agricultural Training Centre (ATC) in Kisii town, Sacco chairman Asha Moranya noted that the Sacco’s share capital increased by Ksh1,184,729 from Ksh7,026,031 in 2021 to Ksh8,210,760 as at…
Kilifi County boasts of having many societies thanks to Morris Mangi, who is credited to the proliferation of cooperatives in the region having planted the seed over three decades ago. Mangi initiated the formation of Kilifi Multipurpose Cooperative Society, now called Magarini Sand and Harvesting Cooperative Society, in 1990. He also formed Malindi Biashara Cooperative…
Aggressive marketing has seen Chai Sacco’s active membership grow by 27.9 per cent from 25,945 in 2021 to 33,184 in 2022, a consequence of a campaign that reduced dormancy from 9,131 to 707. Revealing this during the Sacco’s 50th Annual Delegates Meeting (ADM) at Safari Park Hotel, Chairman Boniface Ayub said this was a result…
National Transport Safety Authority (NTSA) has cancelled over 2.5 million fake licenses belonging to bodaboda riders. An official from the authority stated that most of the licenses were duplicates of others done online in cahoots with cyber cafes and after realizing the syndicate, they cleaned their online system and removed them. Speaking during a national…
Police on Friday lobbed teargas to disperse members of Matuu Wendano Company who held demonstrations calling for the transfer of Matungulu Deputy County Commissioner Evelyn Wekesa. The demos led by Chairperson James Mwangangi Mwovi led to a slow-down on Tala-Ol-donyo Sabuk causing traffic congestion. While addressing journalists, they claimed that the DCC through the police…
The government has pledged to support the formation of Sacco Central, a platform which will see Savings and Credit Cooperatives (Saccos) borrow from each other to save them the trouble of going for expensive loans from other financial institutions. The platform will mainly assist Saccos to share data and do inter-Sacco lending the way inter-bank…
A 2020 Survey conducted by the State Department for Co-operative Development revealed that there are 5,723 dormant cooperatives, which are at risk of losing its assets to unscrupulous officials. Kenya Society of Professional Co-operators (KSPC) is now calling on government to develop policy guidelines that will help to safeguard assets of cooperatives that may fall…
The Mediators Savings and Credit Society, presently controlling a share capital of more than Ksh8.3 million, has launched a major marketing campaign to expand membership and remain profitable. According to a report by the chairperson of the Embu – based Sacco Catherine Nyambura, the ravages of the Covid-19 pandemic had a huge impact on members’…
