Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter. Homa Bay County Government has launched a Boda Boda Sacco bringing together more than 1,500 registered members.. Speaking at Rangwe recently, Governor Cyprian Awiti (pictured) said his office will set aside Sh6 million to get the Sacco on its feet. He said his administration plans to open motor cycle spare part shops…
By Kiptanui Rutto. Sheria Sacco members have been urged to aggressively recruit more members in order to retain its portfolio as one of the most vibrant societies in the Co-operative movement. Chief Justice, David Maraga noted that the Sacco has won several accolades including Best Managed Sacco in Kenya and that he was proud to…
By Kiptanui Rutto. Shoppers Sacco, formerly Naku Sacco has started the journey to open branches across the country by opening the first Front Office Service Activity (FOSA) in Nairobi, along Tom Mboya Street. Co-operative Development, Principal Secretary, Ali Noor Ismail, presided over ceremony recently. Speaking during the event, the PS said Shoppers Sacco has successfully…
By Wesley Ondieki. Solution Sacco, formerly Meru Mwalimu Sacco has spread its footprint to Kitui County in an ambitious plan to recruit more members and improve on its reserves. A satellite office has already been opened in Kitui town and plans are underway to open a full-fledged branch in the County if a feasibility study…
By Jackson Okoth. African Banking Corporation (ABC) has forged partnerships that enables it provide a bonquet of commercial banking services to players in the Sacco industry. One of the most popular products is issuance of branded cheques to Sacco. “We have a bouquet of products which are innovative in nature and through the said products…
By Leonard Ojiambo. Members of 28 Cooperative Societies in Busia County attended a two-day book-keeping training course courtesy of County Woman Representative, Florence Mutua. Mutua said officials of the Saccos were trained on book-keeping and urged to hold annual general meetings and motivate members by paying dividends to shareholders. “The members were also trained on…
By Ben Oroko. Gusii Mwalimu Sacco members have been encouraged to embrace the fixed deposit account investments as one of the surest ways to their future financial security. The Sacco’s Chief Executive Officer (CEO), Charles Omwansa underscored the importance of the Sacco members taking advantage of the Society’s favourable fixed deposit account interest rate which…
By Tsozungu Kombe. Saccos in Kwale County have been urged to comply with SASRA rules and regulations to enhance efficiency. Speaking during Tabasamu Sacco in Kwale County, Annual General Meeting (AGM) held at Kwale Cultural Centre recently, Kwale County Cooperative Commissioner, Ms Levina Lenjo advised Saccos offering Front Office Banking Services (FOSA) in the region…
Mafanikio Sacco, formerly Mombasa Teachers Sacco Ltd has officially opened a branch in Ukunda town, Kwale County. The Ukunda branch situated at Arusha Plaza along the Likoni-Lunga Lunga road aims to bring services closer to the residents. Initially, residents of the county travelled long distances to Mombasa town to access Mafanikio Sacco services. However, with…
By Joseph Mukubwa. Wananchi Sacco has installed a mobile banking platform in some of its branches as a precursor to rolling out to all other branches soon. The Sacco chairman, Wambugu Kagondu said they plan to also roll out a digital platform in a bid to woo youth. Kagondu was speaking at Nyamachaki PCEA Hall…
