Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By James Wakahiu. Six hours of intensive lobbying by the management board of Kamuthi Housing Society Ltd. saved a Sh3 billion investment from the auctioneer’s hammer. According to the committee’s report read during their 2016 Annual General Meeting (AGM) held at their Head office’s Maziwa Estate, the society had up to May 8, 2016 to…
By Amos Kerich. Kericho County could be the first devolved unit to support its residents who are members of different Saccos to form a bank. During an event that brought on board all co-operators from the County, Governor Paul Chepkwony thanked them for welcoming the investors. “I appreciate the people of my County for welcoming…
By Wesley Ken Kimisitu Sacco Ltd has launched the Makao Halisi Loan, a product which seeks to address the housing gap by enabling its members own homes. Through its investment arm – Kimisitu Investment Company Limited, the initiative is part of its larger objective of enabling members own affordable and decent housing within the shortest…
By Stephen Makabila Sacco Societies Regulatory Authority (SASRA) has embarked on a raft of measures aimed at improving services to Saccos, members and general public. Topping the new business initiatives being rolled out by the sector regulator to help it ensure satisfaction levels of its stakeholders are well managed is an online complaints portal. The…
By Munene Maina. Co-operative members in Nyandarua County are now more enlightened following training and education programmes conducted by County’s co-operative department, according to a senior official. Nyandarua Co-operative director, Veronica Kahura said the training has enabled Sacco members to effectively engage their officials during annual general meetings. “Before this, in most co-operatives, members hardly…
By Kiptanui Rutto. Though the issue of aging membership has triggered concerns among a number of Savings and Credit Co-operative Societies(Saccos), counterparts in the Eastern region are less worried about this as they have set plans to tackle it. Southern Star Sacco Society Limited Human Resource manager, Nicholas Mugambi who is the Acting CEO as…
By Kamundia Muriithi Urithi Housing Cooperative Society will settle over 100 members in their recently acquired virgin and arable land in Gacabari sub-location in Mutuovare Location, Mbeere South Sub-County in Embu County. The Society Marketing and Education Committee Chairman Gerald Mugo said through the Miliki Concept, Urithi was striving to ensure that half of its…
By Jackson Okoth. UN Sacco was recently declared the first runners up in the annual Financial Reporting (FiRe) Awards 2016. This was during an award ceremony and Gala Dinner held at the Windsor Golf and Country Club, Nairobi-the 15th edition of this event. The award ceremony was preceded by a conference at Safari Park Hotel…
By James Wakahiu. More than 1, 000 youth will benefit from a Sh50 billion technical training support and market linkages under an entrepreneurship programme dubbed 2jiajiri by the Kenya Commercial Bank (KCB) in collaboration with Bidco Oil Refineries Limited Under the partnership, KCB will offer the technical capacity building and Bidco will provide a guaranteed…
By Jackson Okoth. Boresha Sacco Society Limited with its headquarters in Eldama Ravine has begun selling shares to its members. The Society aims to raise a minimum of Sh500 million but has set a maximum target of Sh1 billion, depending on the response of its members. The exercise is aimed at raising share capital, develop…
