Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Kage Njoroge and Azael Masese When the book of Unaitas history, the name of Joseph Ngaai Kabugu is read loud and clear. Kabugu, the founding member of Unaitas when it started in 1993 in Murang’a, has risen through the ranks to become the society’s third chair. “Members proposed that I join the board in…
By Tsozungu Kombe The Government intends to ensure that co-operative societies become tools for social and economic development. This includes promotion of inclusivity and improved livelihoods for all through participation in the Big 4 Agenda. Speaking during the the 20th Annual SACCA Congress held in Mombasa County, Cabinet Secretary for Industry, Trade and Cooperative, Peter…
By Florence Norah Migori County Youth Bunge Sacco chairman Joseph Nyapete has appealed to the youth to join Saccos to secure affordable loans. Nyapete, who was speaking during the launch of “Kuza Kazi” initiative by Coca-Cola and USAID at Kababu Technical College, urged youths to embrace self-employment. Nyapete told off youths waiting for white collar…
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…
