Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Ministry of Agriculture and Livestock Development Cabinet Secretary (CS) Mithika Linturi has urged farmers across the country to register with the Ministry in order to benefit from the government’s subsidy on fertilizers. Speaking at Luuma Primary School in Tigania East when he helped raise funds for the construction of a multi-purpose hall, the CS said…
Stima Sacco has launched a new branch in Kisii town. Speaking during the launch, Sacco CEO Dr Gamaliel Hassan revealed that the friendly Sacco aims to grow and positively impact the lives of its clients. He added that Kisii is the third branch to be opened by his financial organization this year after Meru and…
Ekeza Sacco founder David Kariuki Ngari, commonly known as Gakuyo, has revealed that the Sacco is willing to repay members who still claim their savings from the Sacco through land. Gakuyo revealed that the Sacco’s coffers have run dry due to the current harsh economic environment and that there’s no money to repay the 2,000…
1,200 members of Karachuonyo Lolwe Rume Cooperative Society in Homa Bay County have lauded the Kenya Breweries Limited (KBL) Company over its intended plans to raise the payment rates for sorghum farmers in the area. The cooperative’s chairman Elisaphan Ager said the move will go a long way in boosting the morale of sorghum farmers…
Nandi county governor Stephen Sang has expressed concern over the lack of adequate auditors in the region to increase efficiency of inspections in co-operatives. Speaking during the Ushirika day celebrations held at Kapsabet A.I.C Bible college grounds in Nandi county, the governor argued that lack of adequate auditors in the region is one of the…
A total of Ksh428.4 million will be injected into the country’s coffee cooperatives towards strengthening governance and capacity in the next four years as part of the National Coffee Revitalization Project (NCRP). The entire project, however, will approximately cost the government a total of Ksh21.3 billion for the four year period earmarked for the revival…
Mwalimu National Sacco has announced the issuance of advance rebates against expected interest rebates for the fiscal year 2023. Through a memo dated August 02,2023 and signed by Sacco CEO Kenneth Odhiambo, the exercise will kick off today and the advance will be available via MwalimuHELA platform App and USSD*633#. Members will have access of…
John Gitonga did not know what to do after he dropped out of a teacher training college for lack of fees. His world came crushing down like a house of cards, but Ksh5,000 hit his refresh button to open his entrepreneurial mind to opportunities around him. But what can five thousand do? It can buy…
Saccos Societies Regulatory Authority (SASRA) has been asked to ensure interests of all Sacco members are protected and that adequate revenues are generated. Cabinet Secretary (CS) for Cooperatives and Micro, Small and Medium Enterprises Simon Chelugui asked SASRA CEO Peter Njuguna to also ensure that members comply with all the basics that govern Cooperative societies….
All Cooperatives will in future become federations and subscribe to an apex body, group managing director of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. Ototo revealed this while…
