County focus - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Asili Sacco recruits a record 3,500 members in 2023 as it casts net wider

Sacco ReviewApril 17, 2024April 17, 202403 mins

Asili Deposit Taking Sacco Society Limited, taking a huge leap in performance across board, pulled a major stunt in membership as 3,500 more were added into the fold in the year ended December 2023. In financial reports released by the Sacco National Chairman Evans Kegode Aluda during the Sacco Annual Delegates Meeting (AGM) in KICD…

Iconic Hilton Hotel in Nairobi’s CBD put up for sale

Sacco ReviewApril 17, 2024April 17, 202403 mins

Interested parties have been invited to purchase iconic Hilton Hotel situated in the Nairobi’s Central Business District. Both State and Hilton International Hotel Limited on Tuesday, April 16, separately invited expressions of interest from willing buyers to acquire 100 per cent equity stake in the hotel. In an advertisement published in one of the dailies…

Defaulters on Sacco loans accused of denying others chance to borrow

Sacco ReviewApril 17, 2024April 17, 202404 mins

Kericho County Commissioner of Cooperatives Dr Leonard Otii has said defaulters on loans and those who delay repayments are denying other members a chance to use the same facility. Speaking during Simba Chai Sacco’s Annual Delegates Meeting (ADM), Otii was concerned about the high rates of delinquency witnessed in some societies, which he cautioned the…

State keen on fulfilling affordable housing promise, DP Gachagua says

Sacco ReviewApril 16, 2024April 16, 202402 mins

Deputy President Rigathi Gachagua has said that the Government is committed to ensure the success of the affordable housing programme. He said the programme is enabling youth earn their daily bread and has also assisted in reducing cases of alcoholism and drug abuse. “The President is very clear on his intention which is for the…

Kajiado County inspectorate officers will not use excessive force, assures Governor Lenku

Sacco ReviewApril 16, 2024April 16, 202402 mins

Kajiado County Governor Joseph Ole Lenku has said there will be no excessive force and harassment of business people by county inspectorate officers. This is after he graced the pass out of two hundred inspectorate officers who had undergone a rigorous training at Kasarani Stadium which is managed by Sports Kenya. They were trained on…

Imarika DT Sacco assets base hits all time high of KSh13 billion

Sacco ReviewApril 16, 2024April 16, 202403 mins

Imarika Deposit Taking Sacco has recorded remarkable growth in total assets amounting to Ksh13.1 billion. Its impressive performance has seen the SASRA annual report of 2022 rank the Sacco number 16 nationally in terms of assets base and number 11 in terms of profitability. Speaking during their Annual Delegates Meeting held at Travellers Beach Hotel…

World Bank awards Governor Wavinya for exemplary implementation of projects

Sacco ReviewApril 5, 202407 mins

Machakos Governor Wavinya Ndeti has been feted by the World Bank for helping farmers to improve productivity through their cooperative societies. Governor Wavinya was awarded at the county offices in Mavoko on Wednesday April 3 for her collaborative efforts with the World Bank-funded Kenya Climate Smart Agriculture Project (KCSAP) to improve agricultural productivity among farmers….

Saccos in Mt Kenya teach members good money habits

Sacco ReviewApril 1, 202406 mins

The managements of various Saccos in Mt Kenya region have intensified campaigns to educate their members on skills for prudent management of borrowed funds in a bid to tame increasing cases of default in loan payments. Most Sacco are still grappling with recovery of funds held in defaults by borrowers mainly attributed to prevailing economic…

President Ruto urges investors to put their money in Kakamega

Sacco ReviewMarch 21, 2024March 21, 202405 mins

Inaugural Kakamega international investment conference (KAIICO) gathered leaders from the National Government, Western Kenya, and Kakamega County respectively to showcase the potential for partnership and collaboration. Addressing the event, President William Ruto emphasised the need to attract both local and foreign investments as one way of transforming the vast potential of counties across all sectors…

Lake Victoria artisanal fishermen to benefit from 300 boats

Sacco ReviewMarch 8, 2024March 8, 202404 mins

The Kenya Shipyards Limited (KSL), is constructing 300 new climate smart artisanal boats to promote blue economy activities in Lake Victoria. This will create active utilisation of maritime and marine resources and support inclusive and sustainable economic growth. KSL Managing Director Major General Paul Otieno said they are targeting fish traders providing transport services in…