Members of the Ollin Sacco listen to guests and officials during the society’s Annual General held at Kutus Primary School in Kirinyaga County recently. Photo: Robert Nyagah

Ollin Sacco posts KSh8.8 million profit in 2023

The Ollin Savings and Credit Society Limited closed the 2023 with a notable growth of more than KSh8.8 million surplus compared to the previous year. According to the report, the surplus after taxation for the year 2022 was KSh1, 108, 246, but grew to KSh1, 301,427,544 by the end of last year. Revenue additions in…

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The Maendeleo ya Wanawake Organisation (MYWO) chaiurperson Rahab Muiu

Women in Nyanza asked to join Saccos

Maendeleo ya Wanawake Organisation has advised women in Nyanza to join savings and credit co-operative societies (Saccos). Speaking during Rachuonyo East Entrepreneur Sacco’s Annual General Meeting (AGM) in Kabondo Kasipul, chairperson Rahab Muiu and area MP Eve Obara told women that Saccos have many benefits including transforming livelihoods. “Saccos have improved the lives through the…

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Road Safety compliance checks along Likoni area, Mombasa- Diani road today.

NTSA cancels licenses of 64 PSV Saccos

The National Transport and Safety Authority (NTSA) has revoked licences belonging to 64 matatu Saccos. In a notice seen by Sacco Review, some of the operator licenses revoked include Moline, Wamasaa, Oromats, Kensilver and Mbukinya. The police have also been advised to impound their vehicles if found on the road. READ ALSO: Farmers asked to…

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Dr Kayode Sanni, head of AATF rice initiative.

Farmers adopt hybrid technology to increase rice farming

The African Agricultural Technology Foundation (AATF) is pushing for the adoption of high yielding hybrid varieties to reduce the Government’s annual rice import bills. Also, it is one of the ways aimed at addressing Kenya’s significant rice production shortfall and enhance farmers’ income. Dr Kayode Sanni, who heads AATF’s rice initiative, said the situation has forced…

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Principal Secretary, Ministry of Agriculture and Livestock Development, State Department for Livestock Development.

PS Mueke launches project in Kitui to protect pastoralists against drought

The De-Risking Inclusion and Value Enhancement (DRIVE) is a project on resilience that will ensure the improved livestock production in Kenya, the Agriculture and Livestock Development Principal Secretary Jonathan Mwangangi Mueke has said. “The DRIVE Project is under our Agriculture Ministry. It is a 5-year project covering about KSh16 billion,” Dr. Mueke added. The project…

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Gusii Coffee Farmers Co-operative Union Limited building

Cooperative movement retirees urged to offer consultancy services

Retirees from the cooperative movement in Kisii and Nyamira counties have been urged to offer consultancy services for residents to benefit from their knowledge, skills and experiences. Gusii Coffee Farmers’ Cooperative Union (GFCU) chairman, Peter Onsinyo said the retirees have a wealth of experience to be tapped to boost growth and development in the agricultural…

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Beatrice Mogire Afya Sacco chairperson.

Delay by counties to remit staff contributions hampering smooth operations of Saccos

The delays and sometime failure by counties to remit deductions to Saccos has hampered their smooth running and even risking liquidity. Saccos now say that employer institutions’ failure to honour their obligations of remitting Sacco deductions affects the financial performance of these firms, despite various policy and administrative measures being put in place to address…

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Over 1,000 boda boda operators receive free training in Uasin Gishu

Boda Boda Saccos in Uasin Gishu County have received a huge boost through training and award of licences by the Kenya Roads Board (KRB), county administration and Kenya Red Cross among other partners. The training and licensing process served to refine and authorize individuals to operate on the roads legally especially for some who may…

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Taita Taveta County Cooperative Commissioner Erastus Gonzi. File photo

50 new cooperative societies registered in Taita Taveta

Some 50 new cooperative societies have been registered in Taita Taveta County, Sacco Review has established. Speaking to Sacco Review in Voi town recently, County Cooperative Commissioner Erastus Gonzi said that the 50 new cooperatives were registered between September last year and early April this year. He further stated that 10 dormant cooperative societies in…

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