Category: Co-op News
Programme to boost SMES in training, linkages and financial access launched
Over 1500 Small and Medium Enterprises (SMEs) from across the country are set to receive a boost in financial literacy training, market linkages, business networking and financial access through a newly launched empowerment programme. The Inua Biashara programme brings together financial institutions, media houses, the national chamber of commerce and industry as well as learning institutions;…
Paul Mutai, Chairman Supervisory Committee of Ndege Chai Sacco. Photo: Benedict Ngetich
Ndege Chai Sacco targets youth recruitment for sustainability
Ndege Chai Sacco has doubled marketing efforts to attract more youthful members to the society. The Chairman Supervisory Paul K.Mutai told delegates that there was need to focus marketing efforts towards the younger generation to ensure sustainability of the Sacco adding, “as the economy improves opening up opportunities for employment and business for the youth,…
Machakos Governor Wavinya Ndeti receives an award from Kenya Climate Smart Agriculture Project (KCSAP) Coordinator Priscilla Muiruri at the County Government offices in Athi-river on April 3, 2024.Photo: Stephen Muthini.
World Bank awards Governor Wavinya for exemplary implementation of projects
Machakos Governor Wavinya Ndeti has been feted by the World Bank for helping farmers to improve productivity through their cooperative societies. Governor Wavinya was awarded at the county offices in Mavoko on Wednesday April 3 for her collaborative efforts with the World Bank-funded Kenya Climate Smart Agriculture Project (KCSAP) to improve agricultural productivity among farmers….
Dr. Gamaliel Hassan Chief Executive Officer of Stima Sacco addressing investors .Photo by Obegi Malack
Stima Sacco assets hit record KSh59.1 billion in 2023
Stima DT Sacco has Sacco achieved remarkable growth across all key indicators in the year ended December 31, 2023, this was revealed during the Sacco’s Investors briefing meeting in Nairobi. The Sacco which turns 50 years this year paid members dividends at a rate of 15 per cent and rebates at 11 per cent. This…
Tree planting exercise in Iveti Forest, Machakos County.
Machakos farmers asked to plant trees for economic benefits
Machakos Deputy Governor Francis Mwangangi has asked farmers in the county to take advantage of the ongoing rains to plant more trees in their lands and harvest water for domestic use. The region which often experiences long dry spells, has been receiving heavy rainfall, which is expected to continue. The deputy governors also encouraged farmers to plant…
Members of the Winas Sacco listen to speakers during a recent AGM.
Saccos in Mt Kenya teach members good money habits
The managements of various Saccos in Mt Kenya region have intensified campaigns to educate their members on skills for prudent management of borrowed funds in a bid to tame increasing cases of default in loan payments. Most Sacco are still grappling with recovery of funds held in defaults by borrowers mainly attributed to prevailing economic…
Boda Boda riders attending the launch of Imarika Sacco in Mtwapa. Photo/File
Kilifi’s Imarika Sacco gets new treasurer
The vibrant Imarika Sacco Limited in Kilifi County has a new treasurer, Sylvester Charo. Speaking to Sacco Review in Kilifi town recently, Charo who has been the Imarika Sacco Secretary has replaced the former Treasurer, Reuben Gideon Kaphu who has retired from the teaching profession after attaining the retirement. While talking to Sacco Review from…
Miners in Migori. Photo:courtesy
Miners in Migori form cooperative to eliminate cartels
Miners in Rongo Sub-county have formed a marketing cooperative society to protect members from preying cartels and uplift their living standards. The North Kamagambo Mining and Marketing Cooperative Society based in Rongo Sub-county is only four months old and going strong. The society recently held a one day seminar in Rongo town to sensitize members…
GDC Sacco Society LTD Chairman Mburu Gitau. GDC Sacco members during the Annual General Meeting.
GDC Sacco seeks to grow its asset base to KSh8.5 billion
GDC Sacco Society Ltd (GDC) has embarked on an ambitious plan to grow its asset base to KSh8.5 billion as it seeks to be among the top 50 Saccos in the country. The Sacco which currently has over 34,000 members, who are mainly dairy farmers in the agriculture-rich Githunguri Sub-county in Kiambu County, is keen…
quity Bank's Chief Executive Officer James Mwangi addresses investors at the Equity Bank headquarters recently. Photo/Courtesy
Equity Group posts 13 per cent slide in 2023 pretax profit
Kenyan lender Equity Group reported a 13 per cent fall in 2023 pretax profit to KSh51.9 billion, weighed down by a surge in provisions for bad debts, the firm announced on Wednesday March 27. Equity is East African country’s top lender by earnings. READ ALSO: Capital Sacco launches promotion to reward members purchasing shares The firm…
