Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Staff Reporter. The County staff have found themselves in a dilemma after it emerged there are no documents to prove remittances of some of their statutory and Sacco deductions. This follows Auditor General Edward Ouko’s recent report that indicated the County Government is unable to account for Sh2 billion it spent in the last Financial…
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 a larger segment of workers from various organizations. And with a…
By Our Reporter Invest & Grow Savings and Credit Co-operative Society Limited (IG) Sacco has embarked on an ambitious plan to recruit more youth, women and disabled persons to become members. In order to achieve this, the Sacco has launched new financial products that will appeal especially to the youthful teachers who have been recently…
Winas Sacco Limited, formerly Embu Teachers Sacco, is 8th on the table after it declared a dividend of 12.2 per cent on shares and 12.5 per cent on member deposits for the financial year ended December 31, 2016. Established in 1977 to serve teachers in the larger Embu district, the society has rebranded and…
By Wasike Elvis. Uasin Gishu County Government through the Ministry of Trade is set to revive all collapsed Cooperative Societies in the County by giving out funds for this purpose. According to the CEC in charge of Trade, Industry and Tourism Philip Melly, most Cooperatives collapsed due to mismanagement, corruption and lack of qualified staff…
By Munene Maina. Nakuru County Government has embarked on an ambitious strategy to strengthen farmer’s co-operatives and boost Agricultural sector. Speaking to Sacco Review in his office, Nakuru Co-operatives Director Patrick Mak’Anyengo said strong societies for farmers will ensure they get good returns from their activities. “Agriculture sector plays a big role in our county…
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 Munene Maina Saccos have been challenged to focus their energy at recruiting more young members as a way of safeguarding their survival in the future. “The youth are the future and any Sacco that does not focus on this segment of the population will surely perish,” said Tom Gitogo, CIC Group CEO. He said…
By Munene Maina Angaza Afrika Sacco has been assisting farmers to improve their activities and find markets both locally and abroad, besides offering them financial advice. “Currently we have partnered with 3,000 pepper farmers in Malindi. We connect farmers with agriculture experts which has helped increase yields,” noted Charity Wanjiku, CEO Angaza Afrika Sacco. She…
By Azael Masese Nakuru town is slowly emerging as a key strategic destination for Savings and Credit Co-operatives Societies (Saccos) out to improve their balance sheet. In the last five years, Saccos such as Unaitas, Stima, Wananchi, Metropolitan, and Boresha have established a footprint in the town and the number is set to grow in…
