Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Opiyo David Youths in Nyanza region have been asked to embrace savings and credit co-operative societies (Saccos) to uplift their economic status. Kisumu Airport Taxi Operators Sacco Chairman George Obunde said the societies will not only help the youth realize their development potential but also assist them in improving education levels. Obunde who was…
Nandi County Cooperative Commissioner, Starlin Koech(pictured) has warned th defaulters in the Savings and Credit Cooperative Societies within the County that Sacco’s will be put under Credit Reference Bureau (CRB) for them to find it difficult to access credit anywhere adding that they will have nowhere to hide. He asked those with outstanding loans to…
Siret Outgrowers Empowerment Company Ltd Chairman, Wilson Tuwei has asked the National Government to support tea farmers to look for lucrative markets abroad. Saying Kenya produces the best quality tea, he noted that the country’s tea is not sprayed with pesticides unlike other countries where they spray tea bushes with pesticides. “If buyers from foreign…
By Stephen Makabila Mombasa Port Sacco Chairman and CEO have been feted among the best in the Country. Peter Nyamai, Mombasa Port Sacco Chairman emerged 1st runners up in the Chairman of the Year Award during this year’s Champions of Governance (COG) Awards, organized by The Institute of Certified Public Secretaries of Kenya (ICPSK). Mombasa…
