Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Wesley Ken. Elimu Sacco Society Limited recently held a well-attended all-members’ Education Day at Jamhuri High School Hall in Nairobi to enlighten members on their rights and obligations. The initiative, which is part of the Sacco’s annual activities was aimed at empowering members through imparting to them useful knowledge concerning the Sacco’s products and…
By Kage Njoroge. James Kimani Mbui the Chief Executive Officer of Muranga-based Amica Sacco Ltd, formerly Murata Sacco is considered one of the captains in the Sacco industry with vast experience. Considered one of the best performing Chief Executives, the 48-year- old Mbui begun his journey in the Sacco industry more than 26 years ago…
By Wesley Ken. Solution Sacco Limited reported exponential growth in the year ended 31st December, 2016. This is amid challenges and stiff competition in the Financial Environment. This impressive performance is a culmination of prudent management, provision of market driven products, seminars, excellent customer service and rigorous marketing. Total assets shot up from about Sh2.9…
The County Government is formulating a legal policy framework to accelerate the growth of the Cooperative activities in the region. Governor Ranguma revealed that the County Government in collaboration with the Co-operative Alliance of Kenya is at advance stages of developing a Cooperative Society Bill. In a speech read on his behalf by the County…
Goodway Sacco has started a bodaboda loan scheme for the youths aimed at enabling them acquire bodabodas to start income generating activities. Targeted are those who are been employees of other bodaboda owners. The repayment for the loan is Sh200 per day. The beneficiaries must be in a group of at least three operators or…
By Joyce Mong’are. Nyandarua’s Industrialization and Co-operatives Executive Judy Nyambura recently announced plans to revive collapsed cooperative societies in the County. Speaking in OlKalou recently Nyambura noted that 15 societies had already been revived in the last one year and 30 more were lined up for the same. Nyandarua has a turnover of more than…
By Esther Chesoro. KiambuGovernor William Kabogo recently commissioned a 5000 litrecoolant and milk pasteurizer at Muguga Dairy FarmersCooperative Society in KabeteConstituency. Christened ‘Kiambu County Milk Value Addition Project’, the move is intended to improve the quality of dairy farming from simple milk production to manufacturing of a variety of cheese, yogurt and other dairy products….
By Esther Chesoro. Migori dairy farmers are benefitting from 150 dairy cows donated by the County Government in a bid to increase milk production in the County and improve food security. In February last year the County Government, through the Department of Livestock Development, purchased 150 cows for farmers in seven sub counties. According to…
By Jackson Okoth. Kenya’s Sacco sector earned Sh40.4 billion as income from loans, Sh 2.3 billion from investments and Sh 4.7 billion as other incomes, raking in a total income of Sh47.4 billion. This is according to The Kenya Financial Sector Stability Report, 2015 prepared jointly by Central Bank of Kenya, Capital Markets Authority, Insurance…
By Amos Kerich. A year after Bomet Governor Isaac Ruto took office, he started Multi-purpose Cooperative Societies in every ward in the County. This initiative has greatly boosted the living standards of the Sacco members. When coming up with the initiative, Governor Ruto had observed that he knew very well that the largest percentage of…
