Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Potato farmers in Elgeyo Marakwet have formed Cooperatives to lobby the County Government to fast-track implementation of potato weight laws. Residents with assistance of Tecno-serve International are petitioning the county administration to ensure that weigh standards are fully implemented in a bid to cushion farmers from exploitation by middlemen. Tecno-serve Field Extension Officer, Emmanuel Lagat,…
By Richard Shichangi. Members of Mudete Tea Factory Growers and Savings Co-operative Society have approved an ambitious Sh 34.8 million budget for the Society for the next financial year. Considered a giant, Mudete Sacco, located in Kakamega East Sub County, held its Special Delegates Meeting recently at Sacco Plaza where delegates unanimously approved the budget….
By Staff Reporter. Saccos that want to meet the capital adequacy requirements may opt out of paying high dividends and instead put their surplus into retained earnings. Members of a Sacco usually get acrimonious when directors declare dividends that are not impressive. Directors usually recommend unfavourable dividend payout when the surplus declines or that most…
By Munene Maina. Kiambu residents are reaping big from the Co-operative sector as many embrace societies to increase their savings and access to affordable credit facilities. The sector is among the key drivers in the County economic growth, according to County Co-operative Commissioner Ephraim Mathenge. The importance of the sector is the reason why the…
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…
