Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina Nakuru County Government has embarked on an ambitious strategy to strengthen farmer’s co-operatives and boost Agricultural sector. Speaking to Sacco Review in his office, Nakuru Co-operatives Director Patrick Mak’Anyengo said strong societies for farmers will ensure they get good returns from their activities. “Agriculture sector plays a big role in our county…
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 Kamundia Muriithi Focus Realtors Housing Society Ltd has embarked on a process to help her members acquire and develop plots in Rumuruti town, where Laikipia County plans to relocate its headquarters to next year. Nelson Mwenda, the society’s manager said the aim is to empower members acquire land for development in Rumuruti region and…
By Eric Nyariera Formation of many small Saccos is killing the co-operative movement in the County, according to Industrialization, Energy, Enterprise and Development County Executive Committee (CEC) member, Johnson Awuor (pictured). Awuor who was speaking during Ushirika Day celebrations in Kisumu, lamented that though the county has more than 400 registered Saccos, many of them…
Sotico Sacco in Chebilat has brightened members’ lives by advancing loans to parents to venture into businesses as well as pay school fees for their children. The Sacco’s Chief Executive Officer, Everline Moraa, during her school days used to receive loans through her parents to pay school fees. This support saw her grow up confident…
By Jackson Okoth Kimisitu Sacco, which draws its membership from Non-Governmental Organizations (NGOs), embassies and international missions, plans to launch a Front Office Service Activity (FOSA) wing. This will enable it to offer quasi-banking facilities to its members. “We have to first have the right capital ratios as well as satisfy several regulatory requirements before…
By Tsozungu Kombe The Co-operatives model has been described as the best vehicle when it comes to fighting poverty in Kenya as it encourages members to embrace the culture of savings. Deputy Co-operatives Commissioner in charge of Finance and Banking Services at the State Department of Co-operative Development, Mary Mungai stressed that Co-operatives can make…
By Alfred Mosoti A top Sacco official has said challenges facing the Sacco industry has little or nothing to do with the past Kanu regime. John Peter Getundu, Treasurer of Tower Sacco, is urging members to instead concentrate on how to be more efficient, productive and competitive. Getundu attributes challenges facing the co-operatives sector to…
By Ben Oroko Lack of access to finance due to factors such as collateral, complicated administrative procedures in loan applications and prohibitive interest rates is affecting and limiting investment and productive capacity of women in Kenya. It is against this background the Kisii County Government has swiftly moved in to facilitate women from the County…
By Enock Okong’o County Governor James Ongwae has lauded Kisii Youth Bunge Sacco for being the best managed among youths’ saccos in the country. Ongwae was speaking at Kisii Sports Club during presentation of Best Performance Certificate to the Sacco chairperson. The Governor was informed that the giant youth owned Sacco plays a key role…
