Saccos urged to add value to members’ produce
By Kiptanui Rutto Chogoria Ward Member of County Assembly, Margaret Gitari has called on co-operative societies in the region to add value to the farmers’ produce. She said the societies should be a bridge between the farmers and the consumers. Speaking during the launch of Ndosha Light Industrial Park supported by Ndosha Sacco at Wiru…
Shadowy cartels eye Kamulu Co-operative Society land
By Eugene Kioko Members of a housing co-operative society have expressed fears for their lives after a gang of armed people believed to be hired by land cartels invaded their property. The 4,000 members of Kamulu Housing and Co-operative Society who have settled on 2,300 acres of land bought by the society said their lives…
Sinendet Tea Multi-Purpose Society survives tough times to post Sh36m surplus
By Benedict Ng’etich Sinendet Tea Multi-Purpose Co-operative Society posted a net surplus of Sh36 million in 2017 and asset growth of Sh608.3 million. This was despite leaf production decrease by 8.01 per cent to 4.52 million kilogrammes in the year. “This drop is attributed largely to the labour strikes which were prevalent in the country…
Govt urges Saccos to avoid external borrowing
By Musa Radoli The Senior Deputy Co-operative Commissioner, Geoffrey Jang’ombe has told the co-operative societies in the country to avoid borrowing externally from the commercial financial institutions even if they were hard pressed by their liquidity status due to delays to get remittances from the County or National governments ministries. “Savings and credit societies are…
Farmers told to grow vetiver grass to combat soil erosion
By Dennis Bett The Elgeyo Marakwet County Government has sensitized farmers to embrace the growing of vetiver grass to combat soil erosion in the wake of the ongoing rains that have left behind a trail of destruction. Speaking in Kapsoo and Emsea centres during a public baraza, Governor Alex Tolgos said the rains that continue…
County to introduce agribusiness to Saccos
By Benedict Ngetich and Jackline Chepkorir Bomet County Government has rolled out a programme to plant tissue cultured bananas in all the 25 wards. Bomet County Director of Co-operatives K. Kerich said this was aimed at helping societies and members engage in agri-business. “We are providing 4,000 tissue culture banana seedlings in every ward at…
Farmers told to establish agribusiness saccos
By Erick Nyayiera Farmers in Siaya County have been encouraged to establish more agribusiness Savings and Credit Co-operative societies (Sacco’s) to enhance their socio-economic development. Bondo Sub-county Director of Co-operatives Aineah Ayamba said Siaya County will only develop if farmers can move from traditional forms of co-operative societies which only dealt with specific crops such…
Trans-Nation Sacco eyes agency banking to grow presence
By John Majau Trans-Nation, one of the fastest growing Saccos has kicked off elaborate plans to start agency banking in a move meant to capture a greater market share within Tharaka Nithi, Meru, Kitui and Isiolo counties. Trans-Nation Sacco Chief Executive Officer, Ransam Mugambi Nthiga said plans to turn the organisation into a banking agency…
Nyala Sacco bets big on technology
By Munene Maina Nyala Vision Sacco has upgraded its system software. “This new version will enhance speed and quality of service delivery and accommodate variety of innovative devices,” said the Sacco Chairman, Samuel Ngure. The new system will enable Sacco members to easily access their accounts through the WEB portal and print their statements online….
