Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Eric Nyariera Formation of many small Sacco societies is killing the Co-operative movement in Kisumu County. Industrialization, Energy, Enterprise and Development County Executive Committee (CEC) member, Johnson Awuor speaking during Ushirika Day celebrations in Kisumu, lamented that although the county has more than 400 registered Saccos, many of them were ineffective. He said the…
By Titus Wafula Kakamega Entrepreneurs Sacco (KES) Limited’s membership has grown steadily to more than 400 entrepreneurs with businesses since it started in 2002. Having been established with the sole aim of assisting small scale businesses, the Sacco has over the years expanded to incorporate larger segment of workers from various organizations. And with a…
By Tito Tavasi The Kakamega County Minister for Agriculture and Co-operative Development. Kulati Wangia has said that Co-operative Societies including Savings and Credit-operatives (SACCOs) can be crucial economic transformers in the County. He made these remarks while launching the formation of Shinyalu, Ikolomani and Khwiserotea co-operative societies. “We will continue to facilitate formation of more…
Gakuyo Real Estate has partnered with Ekeza Sacco to enable its members own homes at a cheaper price and acquire suitable land for farming in Kaloleni, Mavoloni. The company has started plot allocation. Gakuyo Real founder cum Chairman Dr. Kariuki Ngari said the land is good for agri-business especially horticulture farming. He said members will…
KWALE By Our Reporter Teachers in Kwale County have been urged to join Saccos in large numbers to secure loans so as to accomplish their dreams. Kenya National Union of Teachers (KNUT) Msambweni branch Vice Chairman, Saidi Mwakuzimu said teachers in the region retire and continue to wallow in abject poverty due to failure to…
By Our Reporter As various Saccos alter and amend their by-laws to allow members to be represented through a delegates system, a section within the co-operatives system are not uncomfortable with this emerging trend. The question is whether members should retain Annual General Meetings(AGMs) as the supreme authority of a Sacco or pass this authority…
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…
By Boniface Mulu Kitui County Government has constructed 16 honey processing factories for local beekeeping cooperators, a juice processing factory for the Mwingi Horticulture Farmers Cooperative Society Limited in Mwingi sub county, among other projects. County Trade, Industry, ICT and Cooperatives Development CEC, Jonah Mwinzi, said the county government has also purchased a milk cooler…
By Dolrose Awuor South Nyanza Teachers (Sonyaco) Sacco Society Limited has been hailed for the gallant performance it has recorded so far. This was attested to by the two per cent dividend declared to members by the Society Chairman, Roscheus Otete during the Sacco’s AGM held recently at Sonyaco Hall in Homabay. Speaking during…
By Amoto Dennis A Woman Representative, Shukran Gure (pictured), has urged youths in Garissa County to join Saccos in order to get loans and be involved in meaningful economic activity. Alternatively, she advised the youth to approach the Affirmative Action Fund for financial assistance instead of sitting idle. “I urge the youth not to…
