Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Dennis Bett. The County Government of Elgeyo Marakwet has announced plans to revive dormant cooperative societies in the region. Mrs. Anita Kimwatan, Keiyo South Sub-county Trade and Cooperatives Chief Officer said at a function held at Lelboinet, that farmers should joining co-operative societies to boost their earnings. She promised to provide more financial support…
By Munene Maina. Fariji Sacco has partnered with Uplands Premier Dairy and Foods Limited to assist every household in Lari to own a dairy cow. It is due to this initiative that over 12,000 members are now into dairy farming. It has also been on a turnaround mode over the past three years after putting…
By Joseph Mukubwa. Urithi Premier Sacco (UPS) and Urithi Housing Co-operative Society officials have kicked off a massive recruitment drive that will see its membership grow by more than 200 per cent in three years time. UPS Chairman, Ndung’u Thuku said officials from the sister companies had visited regions like Mombasa, Embu, Nakuru, Nairobi, Thika,…
By Wasike Elvis. For the past three years, the County Government has been focusing on reviving the once vibrant Cooperatives Saccos as a means of improving livelihoods of its citizens. According to County’s Trade, Industrialization and Co-operatives Minister, Philip Meli, Co-operative movement has a great potential of driving economic growth, not only at the county…
A Credit Co-Operative Society which was formed by brewers of illicit liquor in Likii slums of Nanyuki is set to benefit from the County Government. The Sacco is on its knees after many of its members defaulted paying their dues following the crackdown on illicit brews and second generation alcohol in the country. Addressing the…
Kitui County Tourism and Natural Resources Ministry has embarked on a Community Outreach Programme to establish a conservancy at the Kitui B2 Yatta Ranching Cooperative Society Limited ranch. The announcement was made by the ministry’s Chief Officer, Khalid Mahmud when he addressed thousands of members of the ranch during their 52nd Annual General Meeting held…
Nandi County Cooperative Commissioner, Starlin Koech (pictured) has warned the defaulters in the Savings and Credit Cooperative Societies within the County that Sacco’s will be put under Credit Reference Bureau (CRB) for them to find it difficult to access credit anywhere adding that they will have nowhere to hide. He asked those with outstanding loans…
The Co-operative sector has shed off its dark past characterized by corruption, nepotism and poor representatation owing to strong prudential guidelines and supervision by Government agencies. This is according to the Sacco Society Regulatory Authority (SASRA) CEO, John Mwaka. “While corporate governance issues are still common in the financial sector, we have noted marked improvements…
Staff Reporter. The County staff have found themselves in a dilemma after it emerged there are no documents to prove remittances of some of their statutory and Sacco deductions. This follows Auditor General Edward Ouko’s recent report that indicated the County Government is unable to account for Sh2 billion it spent in the last Financial…
By Munene Maina. Bingwa Sacco Ltd has raised Sh103 million in a share drive promotion that started in October last year. “This is a big success for our Sacco. The share drive was an arduous task but I am happy we were able to surpass our target of Sh100 million,” said the Sacco chairman, Cyrus…
