Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe. More than 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 Cooperatives Director, Mr. Nyamawih Charo urged…
By Azael Masese. Kisumu Teachers (KITE) Sacco Society Limited reported an increase in its turnover to Sh 52 million for the financial year ended 31st December, 2016. This is compared to Sh 44.4 million posted the previous year. “Although the Society experienced membership withdrawals through death and retirement, we were able to increase members’ deposits…
By Our Repoter. Trans-National Times Sacco (TNT) has elected new officials after the serving ones on a rotational basis retired. The long-serving chair, Christopher Nyongesa retired and handed the mantle to his Treasurer, Robert Omari. Nyongesa has been serving as the Sacco chairman since 2008. Speaking during the Annual Delegates Meeting (ADM) recently, Nyongesa exuded…
By Kephas Ayiecha. The Government’s plan to amalgamate financial institutions through the draft Finance Authority Bill of 2016 should be rejected as members will have to tighten their belts since the future will be uncertain. Kenya Union of Sacco Societies (KUSCCO) Rift Valley chairman, Robert Owino told Sacco Reveiw that if passed, the Bill will…
By Alfred Kimosop. One of Baringo County’s oldest Co-operative societies, Tugen Hills Farmers Sacco has embarked on recruitment of members to strengthen the society. Formed on June 10, 1964 the society blossomed in early 1960s and 1970s, increasing its membership through engaging in various activities among them coffee, pyrethrum farming and milk production. Talking to…
By Dennis Bett. Tuiyotich Farmers Co-operative Society Ltd is set to reap big from rising milk volumes after the society purchased an Isuzu pick-up truck to transport the milk. The society has also embarked on sensitization of members to embrace better animal husbandry. Through partnership with the Uasin Gishu County’s Enterprise Development Fund, the society…
By Staff Reporter. Nandi Hekima Sacco Society Limited has launched a Strategic Plan whose focus is to strengthen its financial base, credit management, physical facilities, governance, human resource, products and services, and operational functionalities. Speaking during the Society’s recent Annual Delegates Meeting (ADM), Nandi Hekima Sacco Board Chairman, Rev. Canon James Bassy, said the Sacco…
By Wasike Elvis. Co-operative Movement in Uasin Gishu County has since inception of devolution in 2013 experienced tremendous growth, Governor Jackson Mandago has said. Speaking to Sacco Review in Eldoret recently, Mandago said his Government has increased funding to Co- operatives to grow the County economy and offer residents incentives to take up investment opportunities….
By Makoma Musyoka. The Chief Executive Officer of Universal Traders Sacco Society in Machakos County, Mr. Dominic Mutunga has urged women and youth groups to embrace a saving culture so as to eradicate poverty. He told them to join cooperatives as they are powerful vehicles of social inclusion and political and economic empowerment of their…
Capital Sacco posts better returns. By our Reporter. Capital Sacco has announced record business results for 2016, in which the company saw impressive year-over-year revenue growth while signing a record number of new members. Capital Sacco Marketing Manager, Mr. Kenneth Gitonga said the business brushed off a tough business environment to post impressive results. He…
