Category: Co-op News
How rise of Airbnbs led to slow death of traditional hotels
Since the inception of Airbnbs in 2008, traditional hotels have continued to registered low to almost no profits. AirBnBs have gained popularity among travelers who are in search of affordable accommodation, convenient locations, and the comforts of home. Linnet Wanjugu Murage, the owner of the Hamptons Apartment in Nyeri county, said holiday homes have rapidly…
Twelve suspects deny Ksh166M Njiwa Sacco fraud case
Twelve suspects linked to the mysterious disappearance of Ksh166 million belonging to the Njiwa Sacco have been charged before the Kahawa Law Courts. Appearing before Senior Principal Magistrate Boaz Maura Obwewa, the suspects pleaded to 223 charges filed against them by the office of the Director of Public Prosecutions. Through their lawyers led by Danstan…
Humour: Why Napoleon’s charcoal business collapsed
Some time back, I told you that we have been working on a honey processing business with my old friend Ole Gunia in Mavumbi town. Despite numerous setbacks, I am delighted to inform you that the business is up and running, thanks to the support of my better half Nectar and Ole Gunia’s zeal. Gradually,…
County to revive over 200 dormant cooperatives
Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department…
3 data controllers fined for non-compliance with Data Protection Act
The Office of the Data Protection Commissioner has issued three penalty notices to three data controllers for failing to observe data privacy rights to data subjects and , not complying with the Data Protection Act. This has been revealed through a press released today, September 26, 2023, by the office of the data protection commissioner….
County trains women on cooperative management for economic stability
Women in Illoodokilani ward in Kajiado West have received training on cooperative management organized by Kajiado County Department of Cooperatives. Gender, Culture and Cooperative CECM Janet Sereu said the training aims to empower women to achieve economic stability through entrepreneurship, employment and increased income through agriculture, trade and finance activities. She noted that efforts by…
Fortune Sacco opens branch in Ongata Rongai
Fortune Sacco has opened a new branch in Ongata Rongai, Kajiado County as part of its expansion plan. Kajiado County Deputy Governor Martin Moshisho commended the Sacco for focusing on improving the livelihood of Kenyans and assured them of the support from the county government. Sacco Chairman Mr Rufus Kamau noted that the opening of the…
Latest SASRA report shows fall in financial investments for regulated Saccos
Latest Sacco Societies Regulatory Authority (SASRA) reports indicate a drop in financial investments in Saccos for the period 2021/2022, against the total assets of the segment. The total amount of financial investments of regulated Saccos decreased from Ksh50.30 billion in 2021, which represented 6.23 per cent of the total assets, to Ksh49.95 billion in 2022,…
Universal Traders Sacco honours pledge as trader steers off in Probox grand prize
Universal Traders Sacco has awarded Agnes Kalondu Nzuki a Toyota Probox, the car she won from a Ksh2000 stake she deposited to enter the grand draw at Kenyatta Stadium in Machakos County. The elated lady from Mutituni/ Ngelani Ward in Machakos County could not believe her luck. She was among the numerous winners who walked…
Intensify financial literacy campaigns to cultivate saving culture, Saccos urged
Kisii County Deputy Governor Dr. Robert Monda has stressed on the importance of financial literacy campaigns and member education drives among Saccos to cultivate a saving culture among residents. Speaking during the launch of Stima Sacco new branch at Waumini Plaza where he represented Governor Simba Arati, Dr Monda noted that cooperatives play a pivotal…
