Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Safaricom Sacco Chief Executive Officer Dr George Ochiri (pictured) has resigned. In a notice to members signed by Sacco Chairman Collins Ogutu and Vice-chairlady Josephine Ndambuki, Mrs Cynthia Naisisiae has been appointed the acting CEO. Naisisiae has been Safaricom Sacco’s General Manager. Ochiri had served the Sacco for seven years growing it…
By James Wakahiu Police officers have been advised to invest in land which is a safe investment for them as it does not require a lot of time. Thika West OCPD Willy Simba speaking to his officers during an investment sensitisation forum recently said that due to the nature of their work police officers don’t…
By Staff Reporter The Co-operative sector will have two board members sitting on the newly formed Kenya Mortgage Refinance Company (KMRC). The National Co-operative Housing Union (NACHU) Chief Executive Officer (CEO) Mary Mathenge noted the sector had been offered the two slots and that it was happy with the offer so far. Available statistics indicate…
By Staff Reporter A section of the National Co-operatives (NACOS) and the co-operative sector players in general have voiced concerns over lack of a Principal Secretary (PS) in the State Department of Co-operatives. The concerns come weeks after immediate former PS Ali Ismail left office over failure to be re-appointed by President Uhuru Kenyatta when…
By Erick Nyayiera Members of Taraji Sacco in Siaya County are up in arms with the management over continued losses amounting to millions of shillings on a hotel investment over the last three years. The agitated members while speaking during this years’ annual general meeting held in Siaya town, accused the management over what they…
By Joseph Kamiri Kenya has undergone various changes since independence among them a growing population estimated at more than 45 million citizens today from a population of about eight million in the early 1960s. Based on the latest UN estimates, the country’s youth population is made up of around 10 million people, which is more…
Blockchain technology is the new kid in the block that could forever alter the digital landscape of the Sacco sector in Kenya. Blockchain is a distributed ledger that can keep track of the transactions happening in a number of machines and does not allow the retroactive alterations of records without the alteration of all subsequent…
By Our Reporter Frustrations from banks have forced Kisii County contractors to form a saving and credit society. This is to help the 100 members to access money at reasonable interest rate. Most contractors have their equipment confiscated due to unpaid loans. Kisii County Contractors Association chairman Ken Mariera said they have problems with banks…
By Our Reporter Tired of exploitations by middlemen sweet potatoes farmers in Migori County have joined hands to form a cooperative society to improve their earnings from their sweat. For a long period the farmers have sold their produce at low prices to brokers ending up living a miserable life. They now believe their woes…
