Category: Co-op News
Nine cooperative societies receive Sh3 million incubators, backup generators
By Enock Kipturgut The County Government of Baringo has launched incubators and backup generators worth Shs 3 million to benefit nine co-operative societies drawn from Kabarnet Ward. The move is aimed at enhancing poultry production. One incubator accommodates 1056 eggs per hatchery. The benefitting cooperative societies include Soramoi, Kimoso, Seguton, Kiboino, Kapchepterit, Kokwomoi, Kaperterot, Jekame…
How Mburia has changed the cooperative sector landscape
In his lifetime, Symon Mburia has taken a leading role in transforming the co-operative movement in the country. He has taken part in drafting and formulating major polices governing the co-operative movement, and also ensuring that the co-operative movement is managed professionally through his leadership in the newly formed Kenya Society of Professional Co-operators (KSPC)…
Landlords put on notice over ejection of tenants
By Roy Hezron Landlords and agents who evict or subject tenants to any form of harassment to compel them to vacate due to rent arrears or pay higher rent risk being jailed for six months or a fine not exceeding two months’ rent of the premises if a new bill will fully be enacted into…
What will happen at Co-operative Court if proposed bill will be enacted to law?
By Roy Hezron Disputes in co-operative sector will now be handled by the Co-operative Court which will stand on its own aside from the existing Co-operative Tribunal, if the draft bill will be enacted into law. The Draft Co-operative Bill, 2021 which if enacted into law will repeal the long-term Co-operative Societies Act which was…
KNCCI issues Sh10m loan to Kilifi traders
By Tsozungu Kombe The Kenya National Chamber of Commerce and Industry (KNCCI) has issued out loans worth Shs 10 million to 137 traders from Kilifi county to enable the traders to boost their undertakings. Speaking to Sacco Review in Malindi town recently, KNCCI chief executive officer Mr Ahmed Abdalla said the traders will pay the…
SASRA forms Fraud Investigation Unit to quell theft in Saccos
By Roy Hezron The Sacco Societies Regulatory Authority (SASRA) has set up the Sacco Societies Fraud Investigation Unit (SSFIU) through a recent Memorandum of Understanding (MOU) which was signed with the Directorate of Criminal Investigations (DCI) to formalize its establishment. According to the Authority’s Chairperson Mr. John Munuve, the establishment and operationalization of the Unit…
Saccos driving innovation in home ownership
By Our Reporter While institutions offering financial services are in the vanguard of driving innovation, technology adoption, artificial intelligence and going digital, experts say it is time for financial institutions like Savings and Credit Co-operative Societies (Saccos) joined the effort to increase financial inclusion. According to Ng’ang’a Mbugua, a Partner and Head of Content at…
Bolingo’s tale of woes as his boda business crashes
By Pascal Mwandambo The other day, I told you about the unfortunate incident where disgruntled market traders attacked us as we were leaving a town planning committee meeting. I had accepted the offer to serve as the secretary of the committee with the hopes of making an extra buck and in doing so, overlooked the…
Embu Tea farmers decry this years’ lower bonus payment
By Kamundia Muriithi Tea farmers in Embu County have decried the drop in Bonus payments as they blamed the same to poor management and dragging of implementation of reforms in the Tea sector. The Farmers, who received their awaited 2020-21 bonus at a lower rate, said their dues should have been higher compared to last…
Stima Sacco to open Kisii branch soon
Fredrick Odiero STIMA savings and credits cooperative society (SACCO) now intends to open a branch in Ksii region in order to satisfy the ever increasing demand for its services. According to Kisumu branch manager Mrs. Ann Ayoro the new branch will serve far flung areas such as Nyamira, Homa Bay and Migori together with Mbita….
