Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina. Daima Sacco has rolled out agency banking in a move aimed at expanding its reach countrywide. The Sacco plans to set up agencies at various trading centers in Embu before moving to other counties enabling its members get several banking services closer home. This comes as a relief to many people…
By Our Reporter As various Saccos alter and amend their by-laws to allow members to be represented through a delegates system, a section within the co-operatives system are not uncomfortable with this emerging trend. The question is whether members should retain Annual General Meetings (AGMs) as the supreme authority of a Sacco or pass this…
By Wesley Ken C.S Peter Nyamai, the Mombasa Port Sacco Chairman, is a seasoned Cooperative management guru. Prior to joining Mombasa Port Sacco (MPS) in 2013, Nyamai had held, among others; the position of Vice–Chair at Bandari Sacco. Bandari has been for the Kenya Ports Authority (KPA) employees whereas MPS was for Kenya Cargo Handling…
Winas Sacco Limited, formerly Embu Teachers Sacco, is 8th on the table after it declared a dividend of 12.2 per cent on shares and 12.5 per cent on member deposits for the financial year ended December 31, 2016. Established in 1977 to serve teachers in the larger Embu district, the society has rebranded and…
By Wasike Elvis. Uasin Gishu County Government through the Ministry of Trade is set to revive all collapsed Cooperative Societies in the County by giving out funds for this purpose. According to the CEC in charge of Trade, Industry and Tourism Philip Melly, most Cooperatives collapsed due to mismanagement, corruption and lack of qualified staff…
Some 41,000 coffee farmers from Mt Kenya region are set to benefit from Sh70 million training programme initiated by Nestle Kenya to help boost production and quality of their produce. The programme which will offer training and technical advice in the next three years also seeks to encourage participation of women and youth in coffee…
By Kiptanui Rutto Thamani Sacco Share Capital grew from Sh22.35 million in 2015 to Sh29.52 million in 2016 resulting to an increase by 32 per cent, the Sacco Chairman has said. Speaking during the Annual General Meeting (AGM) held in Chuka, the Chairman, Jackson Ireri Abidan said the Sacco recorded an impressive improvement amid the…
By Our Reporter Kakamega County women have been asked to form Savings and Credit Cooperative Societies (Saccos) to help mobilize resources and access funding from governmental and private agencies in the country. MPs from the region led by Woman Representative, Rachel Ameso said formation of investment groups and Saccos among women was the surest route…
By Staff Reporter Sukari Saving and Credit Co-operative Society Ltd has embarked on a programme involving a major re-branding exercise. Chairman, Isaac Sheunda said the Society has already procured the services of a reputable firm to undertake the exercise expected to begin by next month. Mr Sheunda made the disclosure while addressing members during this…
By Munene Maina Agnes Mwenje, the Chief Executive Officer of County Sacco-based at Kanja Market in Runyenjes, Embu County is the engine behind this Society. She has turned County Sacco into a leading financial institution that provides market-driven products and services to its members. Mwenje, aged 30 years has been at the helm of County…
