Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By James Wakahiu Urithi Housing Co-operative Society has acquired a 5-acre plot within Nairobi area and has begun construction of apartments under a project that will cost it over Sh500 million. The Osten Terrace Gardens Apartments will comprise three storied buildings on a parcel of land that is located 13 kilometers from the Eastern Bypass…
By Jackson Okoth The Management and Board of Directors of many Savings and Credit Co-operative Societies (Saccos) are expected to face angry members and a barrage of questions during this year’s Annual Delegates Meetings (ADMs), a season that begins this month. Members will want answers on why their dividend cheques are not as attractive as…
By Wesley Ken Magereza Sacco is one of the giant savings and credit societies in Kenya that has taken a leap into the property market. The Sacco has bought land in Isinya to sell to its members and non-members. The land is subdivided into parcels of 1 acre and 1/8 acre plots totaling 1, 003….
By Jackson Okoth Savings and Credit Co-operative Societies (Saccos) not offering Front Office Services Activity (FOSA) could soon take the fight for clients,right to doorsteps of commercial banks. This is if the Banking Act is amended to allow Deposit-Taking Saccos access to the cheque clearing house. Saccos that offer FOSA to members will then be…
NANDI Siret Outgrowers Empowerment Company Ltd Chairman, Wilson Tuwei has asked the National Government to support tea farmers to look for lucrative markets abroad. Saying Kenya produces the best quality tea, he noted that the country’s tea is not sprayed with pesticides unlike other countries where they spray tea bushes with pesticides. “If buyers from…
By Dennis Bett Emmanuel Changalwa Shikuku, a Primary School Head Teacher at St. Emmanuel School in Trans- Nzoia County, is living in a beautiful house courtesy of loans from Trans National Times Sacco. “When I got employed by the TSC, I never imagined that it was possible to accomplish anything in life with my using…
By Kurgat Marindany Kajiado Queens FC, representing Rift Valley in the Maisha County League national tournament, beat Nyanza Province to lift the cup. Anne Njeri made Kajiado County proud after scoring a lone goal that shattered the spirits of Nyanza Eagles at Nyayo National Stadium before First Lady, Margaret Kenyatta who was Chief Guest. Nyanza…
The yet to be passed East Africa Community (EAC) Co-operative Societies Bill has been cited as a great move in allowing Co-operatives to promote and benefit from the regional integration agenda. The Bill which, if passed will enable Saccos to do business in any of the three East African countries, has sailed through second reading…
By Our Reporter The Sacco Societies Regulatory Authority (SASRA) has issued a ‘temporary’ license to 12 Deposit-Taking Saccos for failure to set prudential guidelines. This is until July 31, 2017 after which the regulator will review the status of their licenses. Among the Saccos that have been put under close surveillance include Comoco, Jitegemee, Kenya…
By Amoto Dennis Meru Governor Peter Munya has urged members of the Muslims community in the county to form a Sharia Compliant Savings and Credit Cooperative society (Sacco) to enhance savings and create wealth. ‘’Since Muslims make a large and significant number in the county it is high time they pulled resources to form a…
