Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Amos Kerich Kericho County Governor Prof. Paul Kiprono Chepkwony recently donated milk cans to dairy farmers of Cheborgei Dairy Sacco. The initiative is one of the county’s efforts to improve the sector, including provision of subsidized AI services and other extension services. Chepkwony, while presenting the milk cans, said the largest percentage of…
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 Boniface Mulu 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 volunteers and Women Enterprise Fund(WEF) officers in Kitui…
By Our Reporter Ollin Sacco plans to launch more innovative and attractive products and services to meet the dynamic needs of its members and customers. Sacco CEO, Richard Ndaka (pictured) said Ollin is set to attract more members through competitive products and services that are tailor made to customer needs.“ As a society, we engage…
By Collins Akong’o Savings and Credit Co-operative Societies(Sacco)leaders have been urged to recruit more member into the movement. According to Qwetu Sacco Chairman Alfred Mlolwa this will help increase the national savings ratio, which currently stands at 9 percent as opposed to 30per cent outlined in Vision2030. He said findings of the Fin Access Report2014…
