Team to set up single sector regulator named

By Our Reporter National Treasury Cabinet Secretary Henry Rotich has appointed a Steering Committee that will establish the Financial Sector Authority (FSA) and oversee the merger of all financial regulatory authorities into one In a Gazette Notice Vol CXVIII No 143, dated November 18, 2016, members of the Steering Committee include Principal Secretary, National Treasury…

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UN Sacco clinches financial reporting award

By Jackson Okoth UN Sacco was recently declared the first runners up in the annual Financial Reporting (FiRe) Awards 2016. This was during an award ceremony and Gala Dinner held at the Windsor Golf and Country Club, Nairobi-the 15th edition of this event. The award ceremony was preceded by a conference at Safari Park Hotel…

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Muranga teachers launch Sacco, go for property market

By Daniel Njoroge Teachers in Muranga County have formed a housing co-operative society to enable them build affordable homes and invest in the lucrative real estate industry. The housing investment society is an initiative of Kenya National Union of Teachers (KNUT) Murang’a South branch which intends to mobilize teachers in the county to pool resources…

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Sacco sees steady membership growth

By Titus Wafula Kakamega Entrepreneurs Sacco (KES) Limited’s membership has grown steadily to more than 400 entrepreneurs with sound businesses since it started in 2002. Having been established with the sole aim of assisting small-scale businesses, the Sacco has over the years expanded to incorporate a larger segment of workers from various organizations. And with…

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Gusii Mwalimu targets small businesses

Gusii Mwalimu Savings and Credit Co-operative Society Limited, in conjunction Co-operative Bank of Kenya- through its training division, have initiated a comprehensive programme targeting small scale groups who are given loans to expand their business. Charles Omwansa, Gusii Mwalimu Teachers Sacco CEO the training programme targets salaried people and businessmen across the entire South Nyanza…

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Kakamega: Farmers get Sh25m milk cooler

By Titus Wafula Dairy farmers in Mumias East Constituency will start experiencing a massive turnaround in milk production following government’s intervention aimed at preventing losses occasioned by lack of preservative equipment. Mulembe Dairy Co-operative Society (MDCS) has received a Sh25 million 3,200 litre milk cooler from Ministry of Agriculture through Kakamega County Director of Co-operatives,…

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Imenti Sacco to empower members and farmers

By Munene Maina Imenti Sacco has embarked on training farmers and other Sacco members to carry out their agricultural activities for commercial purposes. The Sacco Chief Executive Officer, Judy Ngatha said that most farmers were not carrying out their activities for commercial purpose but purely for subsistence and reiterated the Sacco’s desire to change this…

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Venture into business, Marakwet youth urged

Cabinet Secretary Public Service, Youth and Gender Affairs, Sicily Kariuki has urged youth in Kerio Valley to embrace peace to effectively benefit from the Government initiated Youth Empowerment Programme (YEP) project. Mrs Kariuki, speaking at Kolowa Bridge in Kerio Valley recently while launching National Youth Service (NYS) Youth Empowerment Program aimed at constructing roads that…

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Saccos urged to adopt ICT to remain relevant

By Collins Akong’o Savings and Credit Co-operative Societies (Saccos) in the county have been urged to embrace Information, Communications and Technology (ICT) to operate effectively and enhance efficient service delivery to their members. Speaking to Sacco Review the District Co-operative Officer, Nickson Mwadime, said many Saccos in the county have not embraced ICT and are…

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Women in Embu trained on how to run stable businesses

More than 30 women small business entrepreneurs in Embu County were recently trained on skills to improve and manage businesses. The women, including five people with disabilities and five youths drawn from all wards in the county, had already undergone a one-week intensive training conducted by the County Government in partnership with Growth Oriented Women…

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