Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Sammy Chivanga The number of dormant members in the Savings and Credit Cooperative Societies (Sacco) has risen by 79.55 percent to 1.37 million on increased job cuts and delayed salaries from struggling entities. The increase in dormant membership is the fastest in recent years and came on the back of economic fallout that hit…
Fredrick Odiero The Kisumu County Government has called upon youths who are engaged in various enterprises to form Savings and Credit Cooperative Societies (Saccos) in order to advance their activities. The Director of Co-operatives, Trade and Enterprise Susan Kanga said Saccos when formed will ensure youths borrow credit and other facilities from the government. Addressing youth…
By Michael Oduor A total of 73,828 members joined different co-operative societies in Taita Taveta County. Savings and credit cooperative societies (Saccos) led in the total number of registered members. Taita Taveta County Co-operatives Commissioner Mr. Erastus Gonzi revealed that there are 98 Saccos out of 190 co-operative societies registered in the county. Gonzi said…
By Aggrey Buchunju Relisa Sacco finally conducted Bungoma branch elections which had been postponed for one year due to the Covid-19 pandemic. Messrs Phillip Amwayi and Ben Watitwa were elected unopposed to serve as delegates during the elections held at Bungoma Railway station grounds. The peaceful elections were presided over by Madisa Barasa from the…
By Asa Maina Nyeri County government will train all cooperative society officials to enhance prudent management in the sector. Last year, the County, the department of cooperative development trained over 800 offficers but Governor Mutahi Kahiga now says the training will be done annually. The 800 board members drawn from all cooperatives were trained last…
By John Majau Agriculture CS Peter Munya has urged farmers to take coffee to the New Kenya Planters Cooperative Union (KPCU). He said the government has enforced new regulations for the benefit of farmers to seal loopholes that existed before. He warned farmers that they will only have themselves to blame if they take their…
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 Erick Nyayiera Small scale traders in Siaya County have received business loans from Kenya National Chamber of Commerce and Industry (KNCCI’s) MasterCard programme. The KNCCI Siaya branch Chairperson Mrs. Roseline Omuga said the first group of traders at Kambare trading center in Gem sub-county have received a minimum of Sh30,000 interest free loans. She…
By Staff Reporter Bunyala Cooperative Society has received a pilot agro-mechanization hub to help rice farmers in Bunyala area of Busia County. The three-year incubation project was launched by the Ministry of Agriculture, Trade and Co-operatives to boost the capacity of farmers The agricultural machinery was handed to the co-operative society hub at Busagwa Primary…
By Roy Hezron The Co-operative Sector Baseline Survey report released recently revealed that Nairobi County has the highest number of dormant co-operative societies in the country. A total of 5,723 co-operatives were found to be dormant with Nairobi having1,459, while Mombasa and Kisumu had 425 and 417 dormant co-operatives. The counties with the least number…
