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Wanjohi Co-operative Society to start operations in June

By Correspondent The process to revive Wanjohi Co-operative Society has begun Nyandarua County Executive Committee Member for Trade, Industrialization and Cooperative Raphael Njui has said. Njui met with a group of investors from Ziara Dairies at the society who will revamp the society. The co-operative will receive milk coolers and is expected to start milk processing in July 2020. It ...

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Elders form a Sacco to uplift their lives

By Our Reporter Murang’a Kiama Kia Ma elders have established a saving and credit cooperative society to empower themselves financially. Peter Kagwanja, who was elected county patron, said they aim at consolidating Sh10 million that will be used to give credits. The Sacco dubbed Njungw’a’ which means a traditional stool is expected to ensure members are empowered both socially and ...

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Amica CEO: This is what to consider before taking that loan

By Kage Njoroge Amica Sacco Chief Executive Officer James Mbui has advised cooperators to go take loans for development purposes. “Good loans help us seize investment opportunities when they arise, which give higher rate of return than the cost of loan taken,” he said. Mbui noted many Kenyans especially the youth fall into the trap of bad loans leading to ...

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Kiambu best Saccos honoured with trophies

By Felix Wanderi Cooperative societies in Kiambu County have been urged to have a strong role in creating decent jobs and empower local communities economically and socially. This was emphasized during the 97th Ushirika day celebrations held at Limuru Model Primary School. “Co-operatives being value-driven enterprises owned, controlled and run by members should serve to empower society,” said Patrick Gathendu, ...

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County sets aside Sh100m to revive potato factories

By Beatrice Jepkosgei Nyandarua County Government has set aside Sh100 million to revive a potato factory. Speaking during the 96th International Co-operatives Day at Catholic grounds, Governor Francis Kimemia said that they are going to revive the potatoes factory to create jobs for the youth and increase the rate of food production in the county. Kimemia told the co-operative societies ...

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Sacco movement mobilizes Sh6.9bn

By Kage Njoroge Co-operatives societies have emerged as strategic economic growth drivers which have created sustainable revenue generating opportunities in Murang’a County. County Executive Committee Member for Cooperatives Development, Edward Muiruri Maina explained that the sector is central in the economic and social lifeline in this county. Muiruri states majority of the residents earn their financial livelihoods from co-operative societies ...

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Gambling crippling co-operators

By Munene Maina High rate of gambling is affecting members’ savings trend in many saving and credit co-operatives countrywide. CIC Insurance Group Chief Executive Officer, Tom Gitogo said the ongoing inquiry into gambling licences is analysing whether the ban on gaming on credit needs to be stricter to combat over indebtedness as a result of gaming and lotteries. Recently the ...

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Govt targets Saccos in money laundering

By Munene Maina The Government has moved with speed to avert money laundering within savings and credit societies. At a time when several banks were implicated in the infamous National Youth Service scandal for violating the law leading to loss of billions of public money, the Government wants to seal all loopholes that may allow corrupt individuals to launder their ...

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Shadowy cartels eye Kamulu Co-operative Society land

By Eugene Kioko Members of a housing co-operative society have expressed fears for their lives after a gang of armed people believed to be hired by land cartels invaded their property. The 4,000 members of Kamulu Housing and Co-operative Society who have settled on 2,300 acres of land bought by the society said their lives were in danger as their ...

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Nyala Sacco bets big on technology

By Munene Maina Nyala Vision Sacco has upgraded its system software. “This new version will enhance speed and quality of service delivery and accommodate variety of innovative devices,” said the Sacco Chairman, Samuel Ngure. The new system will enable Sacco members to easily access their accounts through the WEB portal and print their statements online. According to Ngure it is ...

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