Saccos

CS orders SASRA to safeguard interests of Sacco members

Saccos Societies Regulatory Authority (SASRA) has been asked to ensure interests of all members of the 360 Saccos in the country are protected and that adequate revenues are generated. Cabinet Secretary (CS) for Cooperatives and Micro, Small and Medium Enterprises Simon Chelugui asked SASRA’s chief executive (CEO)Peter Njuguna to also ensure that members comply with … Read more

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KTS invites tender applications for construction of its office block

KTS, formerly Kitui Teachers Sacco, has invited suitable local constructors for the construction of an office block on plot number LR KYANGWITHYA/TUNGUTU/3892. The minimum and mandatory qualifications include possession of a pre-qualification document, incorporation or registration certificate, valid tax compliance certificate and a recent copy of CR 12. Current registration with the national construction authority … Read more

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Stakeholders call for urgent implementation of reforms to revive sugar sub-sector

The Lake Region Economic Bloc (LREB) has called for the implementation of the past recommendations seeking to revive the ailing sugar sub-sector. Speaking during a sugar summit in Kakamega, LREB chairperson Professor Peter Anyang Nyong’o said the resolutions, such as those contained in the 2019 Sugar Industry Stakeholders Task Force Report were good hence the … Read more

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Redefine role of Saccos in new sugar law, stakeholders urge Govt

Leaders and farmers from the sugar belt want the role of Saccos redefined in the new sugar law to drive sugarcane development activities. Speaking during a sugar summit held in Kakamega, the leaders proposed that Saccos and outgrowers companies be the key drivers in sugar development and management. “Notable cane out growers companies and Saccos … Read more

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Government should bring back arbitration to solve cooperatives disputes

One of the key reforms introduced in the judicial system by the 2010 constitution was the implementation of Alternative Dispute Resolution mechanisms (ADR), which aimed to settle disputes in various sectors, including cooperatives. During the era of the Cooperative Societies Act, 1966, I vividly recall how cooperative disputes were resolved through a process known as … Read more

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Farmers urged to avail data to agripreneurs

Kericho county Chief Officer for Agriculture Willy Rop has urged farmers in the region to cooperate with agripreneurs in the ongoing data collection exercise. He stressed that it’s important to provide accurate farm information since it helps the government plan its projects. Some of the data  required include farmer identity, land size, technology, management practices, … Read more

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Vipingo Workers Cooperative Society on verge of collapse due to funds mismanagement

Vipingo Workers Savings and Credit Cooperative Society Limited, established in 1988 to cater for the financial needs of workers in Kilifi South, Kilifi County, faces an uncertain future due to mismanagement of members’ funds. The Sacco’s instability is caused by irregular lending practices. The chronic financial mismanagement, highlighted by a Ksh41 million loss in an … Read more

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