Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina Grafco Sacco has distinguished itself as a financial institution that is capable of offering quality, affordable, innovative and diversified products and services to its members. It is for this reason the Sacco has morphed from a self-help group to a reputable savings and credit Co-operative society. “Our main goal is to reduce…
By Joseph Mukubwa Newfortis Sacco, formerly known as Nyeri Teachers Savings and Credit Co-operative Society will soon pay out to its members Sh370 million for last financial year as dividends and interests. This will be an increase of over Sh60 million compared to what was paid out the previous year of 2014/2015, according to the…
By Stephen Makabila The State Department of Co-operatives has embarked on a new four-year strategic plan aimed at taking the sector to the next level, even as it plans to unveil a new Co-operative policy by next month. The department has equally focused on major activities that may turn around the sector this year with…
By Amoto Dennis The first ever Halal exhibition in Kenya came to a close at the Kenya International Convention Centre (KICC) in Nairobi recently with a call on all Muslims in the country to tap into the Halal conscious markets. Tourism Cabinet Secretary Najib Balala who was the chief guest at the expo which attracted…
By Kage Njoroge In a strategic move to widen its business opportunities, Murata Sacco has rebranded and acquired a new name and identity, aimed at establishing a new culture of delivering services to the increasing clients. The change involved adopting royal blue as the master colour to symbolize stability, growth and professionalism. Murata Sacco which…
By Kiptanui Rutto New Heri Homes Housing Co-operative Society Limited has kicked off construction of Kikuyu Heights Homes in Dagoretti South. The building site is a few metres from Equity Bank along Kikuyu Road. Speaking during the ground breaking ceremony, Dagoretti South MP, Hon. Dennis Waweru who was the chief guest, lauded Heri Homes for…
By Our Reporter Members of the Cooperative movement in Embu County have welcomed the move by established Saccos and specific banks to issue personalized cheque books to the Saccos’ FOSA members. They have hailed the new development as a key milestone in easing commercial transactions where customers with Current Accounts can enjoy banking services with…
By Jackson Okoth Muranga County-based Mentor Sacco Society Limited posted a net surplus of Sh61,212,520 at the end of financial year ended December 31, 2016. This is compared to Sh 57,040,879.02 posted during the previous year. Interest on loans and advances rose to Sh635.9 million in 2016 compared to Sh503.7 million posted the previous year….
By Joseph Mukubwa Othaya Coffee Farmers Co-operative Society Ltd has procured and installed a new advanced polisher and bucket elevator for milling coffee worth Sh8 million. The Society Chairman, James Nderitu said the machine is able to mill 2000 kgs of parchment coffee per hour compared to the previous one which could do only 700…
By Staff Reporter Saccos and small business entrepreneurs in Laikipia County will receive financial boost after the County Government set aside Sh35 million this financial year as part of a revolving fund to revive Co-operatives and improve small businesses. According to the County Trade and Co-operatives Executive, Ann Cheptoo, the move will see members of…
