Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Kamundia Muriithi Twenty-four co-operative societies in Embu County are struggling to pay a Sh90 million loan borrowed five years ago to set up a coffee mill that has since stalled. The debt has ballooned to Sh127 million as most societies are unable to service the loan. Each society was to pay Sh3.8 million, while…
By Elijah Nyaanga The Kisii County Government has been accused of neglecting the Cooperative sector by not allocating resources to facilitate its activities and finance members. Speaking during the July 2 County’s Ushirika Day celebrations held at the Gusii Coffee Cooperative grounds in Kisii town, Development Committee Chairman, Stephen Ogamba challenged the Government to factor…
By Makoma Musyoka Universal Traders Sacco has introduced a Check Off Loans product to better service delivery and attracts more members. The product enables salaried members to access loans through pay slips. Check Off loans are available to employees whose employers have signed an agreement with a lending institution. Sacco Board of Directors Chairman Simeon…
By Our Reporter Kilifi County Secretary, Bibi Fondo has said Sh95 million will be allocated to women, youth and people with disabilities through Saccos to improve their living standards. Speaking during the official closing ceremony of Imarika Sacco Special Delegates Meeting recently Fondo said that many people in the country have managed to accomplish their…
By Tsozungu Kombe More than 50 officials from nine newly registered Saccos in Kwale County recently underwent training on financial management. The two-day induction course was conducted by the Kwale County Government to enable them manage their Saccos in a more effective and efficient manner. Kwale County Government Trade and Co-operatives Director, Mr. Nyamawih Charo…
By Wesley Ondieki Kenya Marine and Fisheries Research Institute (KMFRI) Sacco is set to open a fully fledged FOSA branch outside Mombasa, Sacco Chairman, Rashid Anam (pictured) has said. “Among our future prospects, we will have a FOSA in a place yet to be identified outside Mombasa. We will also partner with members to start…
By Our Reporter. Kilifi County Secretary, Bibi Fondo has said Sh95 million will be allocated to women, youth and people with disabilities through Saccos to improve their living standards. Speaking during the official closing ceremony of Imarika Sacco Special Delegates Meeting recently Fondo said that many people in the country have managed to accomplish their…
By Kage Njoroge. Amica Savings and Credit Society has embarked on strategic measures to reduce the cost of doing business in the highly competitive financial sub-sector. Amica Chief Executive Officer (CEO), James Mbui said that the steps being taken include closing down branches facing challenges, engaging in agency banking contracts, application of ICT driven service…
By Munene Maina. Members of Ol Kalou-basedTower Sacco Society Limited will put up a Sh 75 million four-storeyed office complex to serve as the Society’s head offices. A feasibility study conducted by the Society’s Board of Directors found that the Sacco has outgrown its current office block and is in need of more space as…
By Wakahiu Muthoni and Joseph Mukubwa. The business community has called on the Government to safeguard their investments from political upheavals. Speaking to the press in Thika town recently, Urithi Housing Society Chairman, Samuel Maina said the recent political demonstrations had caused uncertainty, thereby seriously affecting their businesses. “The Government should secure our businesses from…
