Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Asa Maina Biashara Sacco has been licensed to operate agency banking services by Sacco Societies Regulatory Authority (SASRA). The move follows a successful pilot implementation and opening of a satellite office in Mairo Inya along Nyeri – Nyahururu road. The institution has also embarked on the full installation and development of the Electronic Document…
By Malachi Motano A Murang’a based Sacco has embraced various digital platforms to avoid loses occasioned by the outbreak of Covid-19. Amica Sacco started to introduce its members to several digital platforms since the beginning of last year. The Sacco’s Chief Executive Officer James Mbui said digitization helped customers transact businesses without much movement. Restriction…
By Malachi Motano Small traders in Othaya, Nyeri County have no reason to worry of where to save their hard earned money after they registered a new Sacco. Small intreprenuours and mechanics can now use the Sacco in mobilising savings in the County and beyond. According to the traders Sacco chairman Joseph Wanjohi, the entity…
By Asa Maina Four-year-old Nyeri South Traders Sacco paid a dividend of 10% in 2020, an increase from eight percent in 2019. The Sacco chairman Joseph Wanjohi said it had also paid out a dividend of 10% in 2017 and but the payout declined to 4% in 2018. Speaking during its fourth Annual General Meeting…
By Roy Hezron Murang’a County Governor Mwangi wa Iria says he will soon establish a co-operative society for hawkers. The Governor said they have started recruiting members and so far 30,000 hawkers and small-traders have registered as members of Wachuuzi Cooperative Society. He said the county government is coming up with a law which will…
By Asa Maina Nyeri Governor Mutahi Kahiga has challenged teachers to apply for county tenders so as to increase their revenue base. Speaking during the Newfortis Sacco (formerly Nyeri Teachers Sacco) Annual General Meeting (AGM), Kahiga asked teachers to start other income generating ventures instead of relying on their salaries alone. He also urged lending…
By Staff Reporter Wananchi Sacco has come up with new strategies to curb any possible spread of the Coronavirus disease among its members and the community at large. The Sacco is investing in mobile banking to offer a wide range of services. Its M-Wananchi platform enables members to check balance inquiries, withdrawals, deposits, airtime purchase,…
By Felix Wanderi Kiambu County coffee co-operative societies have now come together under one association in a bid to resurrect the sector. The 22 societies came together to form Kiambu County Coffee Farmers Association so as to foyer the government support for coffee production, processing and marketing. Kiambu County Governor James Nyoro said the move…
By Asa Maina Mwenji Catholic Parish in the Archdiocese of Nyeri is in the process of starting a foundation to help pay fees for needy learners in the society. Parish priest Benson Kiboi said the kitty will cater for the fees of learners struggling to pay both in secondary schools and higher learning institutions in…
By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the institution started in 2013 is on the verge of collapsing owing to liquidity challenges. The Sacco Board of Directors Secretary John Gakure informed members that…
