Features

Sacco members dwindle as multinationals lay off staff

By Benedicto Ng’etich Kericho County Director of Cooperatives Leonard Otii has advised Saccos affiliated to giant multinationals to device other means of survival in the face of dwindling membership. Otii expressed fear over the survival of the societies after the parent companies started early retirements of employees due to what has been seen as the nega­tive effects of massive mechani­zation ...

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Co-operative sector receives Sh 4.6bn

By Jackson Okoth The State Department for Co-op­eratives has received increased fund­ing in the financial year 2019/2020, to enable it finalize review of the Na­tional Cooperative Policy, Coopera­tive Societies Act and provide support for the coffee and dairy industry. The Department is expected to build capacity of County Govern­ments to ensure it handles the Co-op­eratives docket, which has since been ...

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Take loans, youth told

By Kamundia Muriithi. The youth have been told to join and take loans from Savings and Credit Cooperative Societies (Saccos). Biashara Sacco Marketing Manager, George Njuguna advised the youth from Embu County to join Saccos so that they can qualify for loans. “By joining Saccos, youths can easily access loans to undertake various socio-economic projects,” he noted.

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Farmers transform their Dairy farming into Co-operative societies

By Kage Njoroge. Muranga County Dairy farmers are stepping outside the box to turn their farms into Dairy Co-operative societies. Small scale milk producers have come together under Dairy Co-operative societies which have empowered them to address their needs and determine the pricing of their produce. In the last four years, the County Cooperative Director, Josephine Mwangi said Dairy co-operatives ...

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Kiambu Co-ops scoop awards

By Felix Wanderi. Kiambu Cooperatives and societies emerged winners in most of the categories in the recent celebrations of Ushirika Day. In the Dairy sector; Githunguri Dairy Farmers Cooperative Society emerged the winner of Best Managed Sacco and the best in value addition, while Kiriita Dairy Farmers Cooperative Society and Limuru Dairy Farmers Cooperative Society were the highest in percentage ...

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Saccos realized over Sh 1.2bn turnover in 2016

By Tsozungu Kombe. A big number of registered Savings and Credit Cooperative Societies (Saccos) in Kilifi County earned a remarkable turnover of over KSh 1.2 billion in 2016 According to Kilifi County Cooperative Commissioner, Mary Mkare, the 243 registered Cooperative societies in the County have a membership of 95,818 with turnover of some of the Saccos being over KSh 1.2 ...

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Mt Kenya farmers earn Sh630m from coffee

By Kamundia Muriithi. More than 42, 000 farmers from 12 cooperative societies in Mt Kenya region who underwent training on best practices in coffee farming were last month paid Sh630 million. This was for the 7.3 million kilograms of cherry that they produced. This was their best payout in five years as a result of a sharp rise in the ...

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GDC Sacco widens revenue base through diverse services

By Ndichu Kamau. Githunguri Dairy and Community (GDC) Sacco has widened its revenue base through ventures that will see it generate more income. GDC Sacco now has an Insurance Agency catering for Life and General insurance products, has a Paybill Number and Mobile services (GDC Spot Cash) that allows members to pay their loans, increase deposits and shares at their ...

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Embrace good governance, Saccos in Garissa advised

By Amoto Dennis. Garissa County Co-operative Commissioner, Daniel Mutiso has urged co-operative societies to embrace good governance to succeed in their operations. Speaking to Sacco Review in his office in Garissa town recently, Mutiso said poor management of saccos has led to dismal performance of most of them. “Chief Executive Officers (CEOs) and Board members ought to identify weak areas ...

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