Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese. Kisumu Teachers Sacco (Kite) has embarked on an ambitious growth strategy that seeks to drive its membership upwards and enhance return on their savings. In its five year strategic plan, 2017-2021, the society targets to increase its membership from the current 6,000 to 20,000 and deposits from about Sh650 million to about…
By Staff Reporter. Homa Bay Women Sacco which was started two years ago, has registered more than 8,000 members with deposits rising to Sh34 million. Sacco Board chair, Ms Jane Juma speaking to Sacco Review recently said: “Integrity and accountability are the cornerstones upon which the society is founded.” She said that they are determined…
By Wesley Ondieki. Kenya Marine and Fisheries Research Institute (KMFRI) Sacco is set to launch a fully fledged FOSA services 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 Tsozungu Kombe. Plans are at advanced stage to open a fully fledged branch of Lengo Sacco in Kilifi town, the county’s headquarters in an effort to boost service delivery. Speaking during Lengo Sacco Annual Delegates Meeting (ADM) held at Lutheran Hall in Malindi town recently, the Sacco’s chairman, Mr George Ndaa Tune (pictured) revealed…
By Kese Werugha. Imarika Sacco Society Limited has embarked on an ambitious plan to construct a multi-million shilling building complex to house its headquarters in Kilifi town. Speaking at the groundbreaking ceremony, the Chief Executive Officer, Daniel Masha said the proposed five-storey building to be known as Imarika Sacco Plaza will cost about Ksh.345 million….
By Our Reporter. Kwale County Government will continue to support Saccos’ growth in the region, Kwale County Government, Cooperative Development and Industrialisation Ministry Chief Officer, Ramadhani Bungale (pictured) has said. Speaking during Tabasamu Sacco, Annual General Meeting (AGM) held at Kwale Cultural Centre recently, Bungale said Saccos are the backbone of the country’s economy. He…
By Munene Maina. Bingwa Sacco, one of the country’s most successful societies plans to open a new branch in Kitengela in the course of the year. Sacco Board Chairman, Cyrus Kabira has revealed. Speaking during the Sacco’s 34th Annual General Meeting held in Kerugoya town recently, Kabira said the Sacco currently has 18 branches including…
By Kamundia Muriithi. Embu farmers have been urged to embrace mixed farming to increase earnings. The call was made by Kimbu Wendo Group chairlady, Niceta Rwamba when she addressed members on the group in Gitare area. Driven by a collective zeal to reap decent profits from their small parcels of lands, about 40 folks in…
By Richard Shichangi. Kakamega Vuma Daima Sacco has declared 10 percent payment of dividends to its members and another 8 percent payment of interest on members’ deposits. Addressing members during the Sacco’s Annual General Meeting held at the County Social Hall, the Sacco’s chairperson, Mrs Iris Masambaga urged members to use the earnings to boost…
By Our Reporter. Busia Matatu Saccos members have threatened to stop paying levies to the County Government due to the deplorable condition of the main bus park. They brought business in Busia Town to a near standstill recently as they protested the condition of the bus stage and roads, and accused the County Government of…
