Category: Co-op News
Hazina Sacco members told to focus on affordable loans
Commissioner for Co-operative Development David Obonyo has challenged Savings and Credit Cooperative Organizations (Saccos) members to focus on getting affordable loans from their Saccos rather than high dividends. Speaking during the recently concluded Hazina DT Sacco Annual Delegates Meetings (ADMs) in Nairobi, he asked members to have long term investments through the Saccos, since co-operative…
KenGen invests hundreds of millions in CSR activities in Nyakach
KenGen, Kenya’s major electricity generating company, has spent Ksh994 million on community empowerment programmes in Nyakach Constituency, a huge amount going to the education sector. The sector consumed the lion’s share at Ksh300 million, with much of the cash going into funding bright and needy students in the area. More than Ksh197 million was spent…
Eight dormant cooperatives in Taita Taveta set for revival
Eight out of 141 dormant cooperative societies in Taita Taveta county are set for revival, with four of them already revived. They are Taita HPC, Taita Taveta Meat Goat, Taita Taveta Mgama and Maziwa Taita Dairy. Speaking to Sacco Review in Wundanyi town recently, the county Cooperative Director Erastus Gonzi noted that the county has 242…
Muka Mukuu Cooperative members urged not to sell their shares
Muka Mukuu Farmers’ Cooperative Society members have been urged not to sell their shares as the Society’s fortunes have improved and are recovering steadily. Speaking while addressing them during their Annual General Meeting (AGM) at the Society’s grounds along Tala-Thika road, Chairman Dominic Nthwao said that they had revived stalled projects and there were others…
Change of guard as KUSCCO gets new Chairman, Managing Director
The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has made changes to its top leadership after the departure of National Chairman George Magutu and the Group Managing Director George Ototo. In a circular addressed to all Savings and Credit Co-operatives (SACCOs) dated January 15, 2024; David Langat from Imarisha Sacco in Rift Valley region…
Kenya National Police DT SACCO Bungoma branch elects new officials
The Kenya National Police DT SACCO Bungoma zone finally has new officials after the branch held elections recently after several postponements. In the elections held at Bungoma Police Station with 383 members, Antony Kering garnered 103 votes, closely followed by Zebedee Otee with 102 votes while Victor Kiprotich got 76 votes and Mary Odhiambo garnered…
Kenya National Police Sacco Holds Delegates meeting in Mombasa
The Kenya National Police DT Sacco, one of the top Saccos in the country, is currently hosting a Delegates meeting in Mombasa. The AGM is being led by the National Chairman David Sohelo Mategwa with the Chief Guest being the Nairobi County Director for Co-operatives, Dolphine Aremo. The Sacco CEO, Solomon Angutsa, said that the…
Small co-operatives to reap big in affordable housing projects, says PS
The government will use small-scale mining cooperatives to supply construction materials for the affordable housing projects across the country. Mining Principal Secretary (PS) Elijah Mwangi said that his department has signed a Memorandum of Understanding with the Housing Department for the miners to provide over 60 percent of the materials required for the projects. Speaking…
New KPCU denies allegations of coffee theft from Meru factory
The New Kenya Planters Cooperative Union (KPCU) strongly denies the claims that it stole coffee from a coffee factory in Meru County. Chairman Daniel Chemno dismisses the allegations as baseless and unfounded, aimed at tarnishing their reputation. He advises coffee factories and warehouses to have armed police officers on site to prevent theft. Let…
Number of Sacco female employees on the rise, SASRA says
The number of female employees in regulated Saccos in the country has been steadily rising, surpassing that of male employees, SASRA’s Sacco Supervision Report 2022 has revealed. According to the Report, female employees in regulated Saccos account for 50.61% of the total employees with males accounting for 49.39%. It also reveals that within the DT-SACCOs…