Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese Former President Uhuru Kenyatta has asked Saccos to be a major player in the country’s domestic debt market; raising a raft of concerns in the sector should it take up this lending position. The president’s proposal comes at a time when the government is burdened with foreign debts with a large chunk…
By Staff Reporter The Sacco Societies Regulatory Authority (SASRA) withdrew the licenses of four deposit-taking Saccos by close of December 2021. Effectively, the four are barred from conducting deposit-taking business in 2022. Affected Saccos are Nyamira Tea Sacco Society Ltd, Uchongaji Sacco Society Ltd, Nanyuki Equator Sacco Society Ltd and Comoco Sacco Society Ltd. SASRA…
By Ben Oroko Smallholder coffee growers drawn from the two Gusii counties of Kisii and Nyamira can now directly sell their coffee produce to consumers in South Korea without going through brokers in the coffee marketing chain. This comes after the giant Gusii Coffee Farmers Co-operative Union (GCFCU), an umbrella of 28 primary coffee co-operative…
By Mutuvi Janet Bungoma County Commissioner Samuel Kimiti has urged boda boda riders from the region to join Saccos to build themselves economically. Speaking to riders in his office Kimiti said that Saccos will help them grow and cater for themselves without difficulties. “Join Saccos and save so as to qualify for loans to finance…
By Sacco Review Reporter Kenya’s vibrant cooperative sector will gain immensely if the promise by President-Elect William Ruto to reduce the price of fertilizer is implemented. While speaking in Meru over the weekend, Ruto hinted at a possible reduction of fertilizer price from the current Ksh.6,500. “I have had meetings with those at the Ministry…
By David Kipkorir Nafaka Sacco has joined in the long list of Saccos rebranding and is set to rebrand as it seeks a bigger pie in nationwide membership drive. “Through this rebranding, we have embarked on an exciting adventure to increase our visibility and accessibility countrywide,” said Nafaka Sacco chairman Mr Raymond Kipkoech Mwarey. Speaking…
By Musyoka Kaleti The 100th International Day of Cooperatives was celebrated by Embu Saccos at Kangaru Girls Secondary School, with different Saccos being feted for their contribution for the growth of the movement. Among the leaders who attended was Embu Deputy Governor David Kariuki, who is the immediate former Chief Executive Officer for Winas Sacco….
By Azael Masese The expectations of Kenyans for the 14th parliament in the cooperative movement have skyrocketed owing to President Elect William Ruto’s campaign of uplifting the economic and social welfare of Kenyans through boosting the cooperative sector which encourages savings and credit taking for engagement in income generating activities With the election of Former…
By Kamau Njoroge The Deputy Inspector General (DIG) of Police Edward Njoroge Mbugua has urged Kenyans to join the Kenya National Police Deposit Taking Sacco for their economic prosperity. The DIG said membership to the Sacco is not limited to police officers and their families but open to all Kenyans. He noted that the Sacco…
By Kamau Njoroge Members of the controversial Ekeza Sacco have warned politicians to keep off its affairs after the government allowed the Sacco to resume normal operations. The members blamed a section of local politicians of orchestrating the Sacco’s downfall for their own selfish political gain and to the detriment of welfare and economic prosperity…
