Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese Kenya National Police Deposit-Taking Sacco is crafting an ambitious growth strategy aimed at positioning itself as a critical brand in mobilising savings and extending affordable credit, even as the number of Kenyans joining the Sacco to access its top notch products and services grows overboard, Board Chair David Mategwa has said. “We…
By George Otieno Imarika Foundation, in partnership with Mephi Hospital, recently held a free eye medical camp at Matsangoni area in Kilifi County to provide eye health services to area residents. Community members were first taken through health talks on various issues before proceeding to see several medical teams present to serve them. The services…
By Kamau Njoroge Coffee farmers from Gatundu North in Kiambu County have hailed president William Ruto for promising to reduce the price of fertilizers by half. The farmers, led by John Kaguchia, said they are optimistic that through cheaper fertilizers, their production will increase and in turn translate to higher returns. “We are glad that…
By John Majau Milk production in the Mt Kenya region has dropped by about 40 per cent due to drought even as dairy farmers complain about high costs of production. Farmers called for subsidies on animal feeds to be introduced, though President William Ruto’s new administration insisted that subsidies were unsustainable, scrapping the one on…
By Felix Wanderi Real Estate Finsco Africa and the National Co-operative Housing Union (NACHU) held a mega housing drive dubbed Riverline Ridges Open Day Activation in Ruiru with over 1,000 customers in attendance. Riverline Ridges project was launched last year on a 423 acre piece of land in Ruiru and it will enable Kenyans purchase…
By Azael Masese Co-operative Bank of Kenya is the most preferred commercial bank Saccos turn to for operational efficiency and customer convenience. Consequently, Co-operative Bank generates more income by partnering with Saccos compared to other commercial banks; and the reverse is true. According to the Sacco Supervision Annual Report, 2021, partnership areas include Automated Teller…
By Azael Masese The negative cash accumulation among Deposit Taking (DT) Saccos continued to rise unabated to reach a high of Ksh. 48 billion in 2021. Though some players turned to retained earnings to bridge the deficit, some turned to external borrowing with SACCO Societies Regulatory Authority (SASRA) warning that they were subjecting themselves to…
By Azael Masese Saccos defied a tough business environment posed by Covid-19 to report growth in three market portfolios; asset base, deposits and loan portfolios in the 2020/2021 Financial Year (FY). The finding was revealed in the Sacco Supervision Annual Report, 2021, released on August 3, 2022. SASRA Board chairman George Murathe said the growth…
By John Majau The Gankumbu Dairy Farmers Group in Tharaka Nithi County has received a donation of 1,000 packets of free semen, a milk ATM machine and milking cans from the Ministry of Agriculture. Delivering the items to 2,500 farmers in Chuka town recently, Agriculture Cabinet Secretary Peter Munya’s personal assistant Kofia Kaunani said the…
By John Majau Avocado farmers across the country have been urged to harvest mature fruits in order to boost the product’s international market. Addressing farmers at Kaguru in Imenti South, the Avocado Society of Kenya CEO Earnest Muthomi said the Kenyan avocado market has greatly been affected by low quality produce caused by premature harvest….
