Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Esther Chesoro. Over 800 members of the Mwikaria Catholic Men Association are part of the newly launched Sacco in Tharaka Nithi County in order to improve their lives. Ephantus Mugendi a beneficiary of the Sacco, borrowed a loan of Sh150,000 which is three times his savings which he used to buy land to build…
By Joyce Mong’are. Members of the controversial KatelemboMuvutiAthiani Coffee Farmers and Ranching Co-operative Society have finally received their title deeds. The over 3,000 members were issued with the much awaited documents recently at a ceremony presided over by the Chairman Peter Kamba and attended by County Commissioner of Co-operatives Charles Nalianya and Machakos Deputy County…
By Joyce Mong’are. Meru Central Cooperative Union has diversified its operations for more revenue generation to enable them finance their operations without any funding from the farmers. Imenti House on Nairobi’s Moi Avenue is to be upgraded into a 25-storey building by the union.The group will also develop a shopping mall and a storeyed commercial…
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 Wesley Ken. Elimu Sacco Society Limited recently held a well-attended all-members’ Education Day at Jamhuri High School Hall in Nairobi to enlighten members on their rights and obligations. The initiative, which is part of the Sacco’s annual activities was aimed at empowering members through imparting to them useful knowledge concerning the Sacco’s products and…
By Enock Okong’o. Sky Sacco is set to receive increased support from both the Turkish and Kisii County governments after their impressive performance in the corporate world. The Sacco which ventured in hen production helps youth to borrow loans and in return bring forth one egg per week to repay the loan. Speaking at the…
By Kamundia Muriithi. Among his age mates, Silvano Mbogo, 30 is one of the emerging successful entrepreneurs in Embu County with investments in transport, food and money lending business. Mbogo has a fleet of seven motorbikes, runs butchery -cum-rice business, and operates an informal money lending bureau, in addition to employing eight people. He credits…
By Kage Njoroge. James Kimani Mbui the Chief Executive Officer of Muranga-based Amica Sacco Ltd, formerly Murata Sacco is considered one of the captains in the Sacco industry with vast experience. Considered one of the best performing Chief Executives, the 48-year- old Mbui begun his journey in the Sacco industry more than 26 years ago…
By Jackson Okoth. Intense lobbying by the Sacco industry has succeeded in ensuring that the Sacco Societies Regulatory Authority (SASRA) will not be merged into the yet to be constituted Financial Sector Authority (FSA). The National Treasury has proposed the creation of a merged financial services regulator that will amalgamate the Retirements Benefits Authority…
By Stephen Makabila. The new Commissioner for Co-operative Development, Mary Mungai, has spelled out her four major priorities for the sector’s transformation, strongly indicating it will not be business as usual for the sector. “I intend to bring positive change for the sector’s development, not to add up to the statistics of those who have…
