Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Fifty new Cooperative societies have been registered in Kilifi County in the last two years. Kilifi County Trade, Industrialization and Co-operatives Development Ministry Chief Officer, Ms. Patience Tsimba Umazi, said this was an indication the Cooperative movement was active despite challenges it faced. Seven societies that had collapsed had been revived, she…
Young people in Taita Taveta County have been urged to join Saccos in large numbers to boost their economic status. Taita Taveta County Cooperative Commissioner, Andrew Mbinga said the only secret to fighting poverty is by joining Saccos in large numbers. He urged the youth to join Saccos and get loans to better their livelihoods….
By Jackson Okoth An American consultancy appointed to assist the Sacco Societies Regulatory Authority (SASRA) set up a facility to allow Saccos lend to each other like banks do, is almost completing the task. Madison-based Dave Grace & Associates is expected to provide a roadmap for establishment of central liquidity facility for Savings and credit…
By Jackson Okoth It is back to the drawing board for Board of Directors and top management of most Deposit-Taking Saccos as they scribble on their notebooks, punch away at their calculators and scratch their heads in coming up with new prices for financial products. This follows recent amendments to the Banking Act, limiting the…
By Our Reporter Saccos in Kericho have a recorded an increase in bonus payouts to tea farmers this year compared to last year. Kenya Highlands Sacco paid farmers Sh2 billion in bonuses, an increase of 56 per cent from last year. “The money should have an impact on the area. It will go a long…
By Wasike Elvis Hawkers in the county have been urged to join Saccos for them to benefit from the funds being given by the Government. Deputy Governor Daniel Chemno also said only registered hawkers will be given space to do business, adding: “We wish all the registered members could be given identification tags which will…
Thamani Sacco has come a long way and has supported its members to upgrade their living standards, majority of them being farmers. Its CEO, Rose Kithinji said the Society, formerly Nithi Tea Growers Sacco Ltd was registered in November 1987 with the mandate to mobilize member’s savings and ensuring that they access credit. The Sacco’s…
IG (Invest & Grow) Sacco formerly Kakamega Teachers Sacco is the 2016 best overall Sacco in Kakamega in the International Day for Cooperatives after scooping seven awards out of the possible sixteen. Western Shuttle settled for the first runners up position with four trophies to their name. On the lowest expenditure Sacco category, IG (Invest…
By Stephen Makabila The unveiling of the new co-operative policy is set for December following fast-tracking efforts by government through the State Department of Co-operatives, Ministry of Industry, Trade and Co-operatives. Already, the Policy in its draft form has been cleaned-up and fine-tuned through financial support from the Agriculture Sector Development Programme (ASDP). A senior…
emBy Tsozungu Kombe Saccos have been urged to embrace Information Communication Technology ( ICT ) in a bid to enhance efficiency and deliver services to members. Alfred Mlolwa, Quetu Sacco chairman and KUSCCO Director for Coast and North Eastern said many Saccos had failed to deliver quality services to members due to lack of ICT…
