Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Uasin Gishu governor Jonathan Bii has promised to increase the Cooperative fund through a hustler kitty, a move that echoes the national government’s bottom up economics. He said this will ensure that many people who are in groups benefit. “As a county, we have a standalone Cooperative ministry and my government will increase money allocated…
Nairobi county Governor Johnson Sakaja has said his administration is currently reviewing the County Cooperative Act to incorporate a hustler Sacco that will bring on board all small scale traders in Nairobi. “We are reviewing our policy so that we can have the first hustler Sacco in Nairobi County so that small scale traders, hawkers and hustlers can…
Kilifi County boasts of having many societies thanks to Morris Mangi, who is credited to the proliferation of cooperatives in the region having planted the seed over three decades ago. Mangi initiated the formation of Kilifi Multipurpose Cooperative Society, now called Magarini Sand and Harvesting Cooperative Society, in 1990. He also formed Malindi Biashara Cooperative…
By Asa Maina Nyeri County is largely dependent on the Cooperative sector for its socio-economic growth and transformation, governor Mutahi Kahiga has said. Enumerating the successes of the sector, Kahiga said that the county has over 193 active Cooperative Societies with a total share capital of over Ksh2.3 billion, an asset base of over Ksh19…
By George Otieno Numerous Saccos participated in the 100th International Day of Cooperatives celebrations in Mombasa County, taking home various recognitions in their fields of operation. Saccos were grouped into their relevant tiers according to wealth levels, and ranked as per credit management, innovativeness and return on assets. Presided over by Mombasa Cooperative Director Mr….
By Kamau Njoroge The Deputy Inspector General (DIG) of Police Edward Njoroge Mbugua has urged Kenyans to join the Kenya National Police Deposit Taking Sacco for their economic prosperity. The DIG said membership to the Sacco is not limited to police officers and their families but open to all Kenyans. He noted that the Sacco…
By Kamau Njoroge Members of the controversial Ekeza Sacco have warned politicians to keep off its affairs after the government allowed the Sacco to resume normal operations. The members blamed a section of local politicians of orchestrating the Sacco’s downfall for their own selfish political gain and to the detriment of welfare and economic prosperity…
By Kamau Njoroge Members of the controversial Ekeza Sacco have warned politicians to keep off its affairs after the government allowed the Sacco to resume normal operations. The members blamed a section of local politicians of orchestrating the Sacco’s downfall for their own selfish political gain and to the detriment of welfare and economic prosperity…
By Staff Reporter Tea farmers across the country will receive increased bonus payments this year compared to what they earned in 2021. In Kirinyaga County, five tea factories registered impressive bonuses of between Shs31 to Shs35.50 per kilo, up from Shs21 last year. Kenya Tea Development Authority (KTDA) Board member John Mithamo attributed the good…
By Sammy Chivanga Savings and Credit Co-operative Societies (Saccos) are increasingly turning to marketing executives to recruit and retain new members as dormant members rise. This is a new trend in the Sacco movement that has traditionally been depending heavily on existing members to market their organizations. Members have been receiving back up from a…
