Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Staff Reporter. Saccos that want to meet the capital adequacy requirements may opt out of paying high dividends and instead put their surplus into retained earnings. Members of a Sacco usually get acrimonious when directors declare dividends that are not impressive. Directors usually recommend unfavourable dividend payout when the surplus declines or that most…
By Munene Maina. Kiambu residents are reaping big from the Co-operative sector as many embrace societies to increase their savings and access to affordable credit facilities. The sector is among the key drivers in the County economic growth, according to County Co-operative Commissioner Ephraim Mathenge. The importance of the sector is the reason why the…
By James Wakahiu. Six hours of intensive lobbying by the management board of Kamuthi Housing Society Ltd. saved a Sh3 billion investment from the auctioneer’s hammer. According to the committee’s report read during their 2016 Annual General Meeting (AGM) held at their Head office’s Maziwa Estate, the society had up to May 8, 2016 to…
By Amos Kerich. Kericho County could be the first devolved unit to support its residents who are members of different Saccos to form a bank. During an event that brought on board all co-operators from the County, Governor Paul Chepkwony thanked them for welcoming the investors. “I appreciate the people of my County for welcoming…
By Kamundia Muriithi Urithi Housing Cooperative Society will settle over 100 members in their recently acquired virgin and arable land in Gacabari sub-location in Mutuovare Location, Mbeere South Sub-County in Embu County. The Society Marketing and Education Committee Chairman Gerald Mugo said through the Miliki Concept, Urithi was striving to ensure that half of its…
By Jackson Okoth. UN Sacco was recently declared the first runners up in the annual Financial Reporting (FiRe) Awards 2016. This was during an award ceremony and Gala Dinner held at the Windsor Golf and Country Club, Nairobi-the 15th edition of this event. The award ceremony was preceded by a conference at Safari Park Hotel…
By James Wakahiu. More than 1, 000 youth will benefit from a Sh50 billion technical training support and market linkages under an entrepreneurship programme dubbed 2jiajiri by the Kenya Commercial Bank (KCB) in collaboration with Bidco Oil Refineries Limited Under the partnership, KCB will offer the technical capacity building and Bidco will provide a guaranteed…
By Titus Murithi Embu-based Trans Nation Sacco is in the process of training its members on the Society’s latest products and services, including its digital platforms. This programme is to be carried out by Sacco officials in all the branches of the Society. Members will be introduced to the Societies new premium shares which have…
By Titus Muriithi. The Meru County Executive Committee member in charge of co-operatives Mithiaru Mithika has said that it is due to the contributions made by various cooperative unions since independence that Kenya has been able to grow its rural economy. He points out that through various cooperative unions, especially those in the coffee, tea…
