Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Ollin Sacco fraternity is in mourning following the demise of their beloved Chairman, Director Geoffrey Njoka Njeru. Until his demise, which occurred on September 7, 2023, Njoka also served as the Principal Head Teacher of Rwambiti School in Kirinyaga County. He will be laid to rest on Friday, September 15, 2023 at his family home…
The 2022 Sacco Supervision Annual Report revealed that the cumulative core capital of DT Saccos grew from Ksh109.29 billion in 2021 to reach Ksh124.89 billion in 2022. The institutional capital to total assets ratio, which tests the ability of DT Saccos to build their capital from retained earnings and surpluses, increased from 9.15 percent recorded…
Members of Gatagua Coffee Farmers’ Cooperative Society in Murang’a County have urged the government to suspend the Coffee Regulations 2019. During a Special General Meeting held recently, the farmers argued that the new regulations do not favor competition in the marketing of coffee hence denies them a chance to explore other opportunities for better returns….
Embu Governor Cecily Mbarire has promised to fight cartels in the coffee sub-sector as a move to ensure farmers get the right and good income from their produce. Addressing the press at Runyenjes town in Embu County, the governor pointed out that better prices for coffee produce will lead to improved livelihood for farmers. The…
Mrs. Agnes Kadzo Unda, a member of Imarika Sacco, can attest to the benefits of being a member of a Sacco. Unda joined the Sacco in 1982 after completing her P1 Teacher Training Course at Kagumo Teachers Training College. Speaking to Sacco Review in her residence in Ganda village in Malindi Sub County recently, Unda…
Kilifi County Deputy Governor Flora Mbetsa Chibule has stressed the need to support cooperatives as key enablers of Kenya’s improved social and economic growth. Cooperatives, she said, cut across all the sectors of the economy, namely agriculture, mining, housing, transport, and manufacturing. In addition, they are known worldwide as instruments of poverty eradication and wealth…
Unity Homes and Absa Bank Kenya have entered into an agreement to allow potential home buyers acquire houses in Tatu City through the affordable housing financing scheme. The collaboration will see the bank provide Kenya Mortgage Refinancing Company (KMRC)-backed mortgages with terms of up to 25 years. The price of modern apartments starts at Ksh5,950,000….
Traders in Kilifi county have been advised to apply for Wezesha Fund ( formerly Mbegu Fund ) from the county government to boost their businesses. Speaking during a public function held in Malanga village in Malindi sub county, Sokoke Ward Member of County Assembly ( MCA ) Thaura Mweni said the loans do not have…
Before I get to the core of this story, let me tell you about the amusing anecdote about a strange ‘doctor’ in the village where I grew up. I describe him so because some of the shenanigans he exhibited border on the absurd, if not criminal. You see Disco Matanga, for that was his name,…
Sacco leaders have been urged to use the appropriate technology to run Sacco operation so as to spur growth. Martin Kimani, an Associate Director in KPMG’s Technology Transformation Unit and a speaker at the forum, told the leaders that technology reaches more ground and keeps up with the ever changing business environment. Kimani said that…
