Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Kamundia Muriithi. Nawiri Sacco which is based in Embu County has partnered with the Cooperative Bank of Kenya to issue Personalised Cheque Books to some of its clients. The bank expects to roll out the cheque books in March in a move that is expected to revolutionalise banking in Saccos in the country. According…
Some 41,000 coffee farmers from Mt Kenya region are set to benefit from Sh70 million training programme initiatedby Nestle Kenya to help boost production and quality of their produce. The programme which will offer training and technical advice in the next three years also seeks to encourage participation of women and youth in coffee farming,…
Kitui Women Savings and Credit Co-operative Society Limited is facing a number of challenges related to products, services development, governance and human resources, according to the CEO, Elias Waki. Mr Waki said the society lacks adequate staff and largely relies on the management committee volunteer and Women Enterprise Fund (WEF) officers in Kitui West and…
By Erick Nyayiera Dairy farmers in Siaya County are currently recording low milk production as a result of the drought which has affected the region from mid last year. Sam-Malanga Dairy Cooperative Society Manager, Japheth Ayoo said milk supply has drastically reduced thus affecting profitability. He states that as opposed to the previous period when…
By Tsozungu Kombe Fifty new Cooperative societies have been registered in Kilifi County in the last two years. Kilifi County Trade, Industrialization and Co-operatives Development Ministry Chief Officer, Ms. Patience Tsimba Umazi, said this was an indication the Cooperative movement was active despite challenges it faced. Seven societies that had collapsed had been revived, she…
Young people in Taita Taveta County have been urged to join Saccos in large numbers to boost their economic status. Taita Taveta County Cooperative Commissioner, Andrew Mbinga said the only secret to fighting poverty is by joining Saccos in large numbers. He urged the youth to join Saccos and get loans to better their livelihoods….
By Jackson Okoth Kimisitu Sacco, which draws its membership from Non-Governmental Organizations (NGOs), embassies and international missions, plans to launch a Front Office Service Activity (FOSA) wing. This will enable it to offer quasi-banking facilities to its members. “We have to first have the right capital ratios as well as satisfy several regulatory requirements before…
By Our Reporter Saccos in Kericho have a recorded an increase in bonus payouts to tea farmers this year compared to last year. Kenya Highlands Sacco paid farmers Sh2 billion in bonuses, an increase of 56 per cent from last year. “The money should have an impact on the area. It will go a long…
By Ken Langat Bodaboda Sacco Ltd of Belgut constituency has made a major move towards having a solid financial footing after receiving an injection of Sh1.5 million from a successful funds drive by MP Erick Keter. The Sacco has faced financial difficulties in the past, forcing it to rely on the financial and moral support…
By Wasike Elvis Hawkers in the county have been urged to join Saccos for them to benefit from the funds being given by the Government. Deputy Governor Daniel Chemno also said only registered hawkers will be given space to do business, adding: “We wish all the registered members could be given identification tags which will…
