Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth President Uhuru Kenyatta has disclosed that the Government will give tax relief to Savings and Credit Co-operative Organizations (SACCOs) when the National Budget 2017/18 is presented before Parliament. “This move is part of my Government’s efforts to encourage uptake of credit including mortgages that allow more Kenyans to own homes. This tax…
By Wesley Ken. Kimisitu Sacco Ltd has launched the Makao Halisi Loan, a product which seeks to address the housing gap by enabling its members own homes. Through its investment arm – Kimisitu Investment Company Limited, the initiative is part of its larger objective of enabling members own affordable and decent housing within the shortest…
By Richard Shichangi The County Cooperatives Officer, Samwel Khatenya has asked Saccos in the region to develop strong check off systems when giving out loans to members. This is to reduce incidences of members defaulting on their repayments. Saccos, he pointed out, will also improve their cash flow through an elaborate loan recovery system. “Although…
County Senior Assistant Commissioner for Co-operatives (SACC) Nathan Mukhweso (pictured) has called on Co-operative Societies in the area to conduct their businesses in accordance with the Co-operative Societies Act. Mukhweso regretted that some Co-operative Societies were not working within their core mandate as Saccos, marketers, Sugar cane growers, Multipurpose or Savings/Credit Societies and threatened to…
By Our Reporter Invest & Grow Savings and Credit Co-operative Society Limited (IG) Sacco has embarked on an ambitious plan to recruit more youth, women and disabled persons to become members. In order to achieve this, the Sacco has launched new financial products that will appeal especially to the youthful teachers who have been recently…
By Wesley Ken Vision Africa Sacco Ltd has launched ATM services to ensure efficient and effective delivery of quality products and services to members. It unveiled the services in a colourful ceremony that was graced by Co-operative Bank’s Head of Sacco banking Peter Kirugu among other top officials of the bank in Nakuru County. The…
Hundreds of artists drawn from various areas within the County have come together to form a Sacco to assist them expand their businesses. Laikipia Artists Savings and Credit Cooperative Society LTD (LCA Sacco) also seeks to promote youth talents to eradicate poverty by mobilizing locally available resources for investment. Speaking at the inaugural meeting at…
By Stephen Makabila One of the major roles of the newly formed Department of Policy and Research at the State Co-operative headquarters would be roping in the rich diaspora to boost the local co-operatives sector growth in coming years. Principal Secretary for the State Department of Co-operative Development, Ali Ismail Noor recently appointed Stanley Ongeti…
By Stephen Makabila For the first time under the Jubilee administration, selected top performers from the Co-operatives sector may receive State awards alongside other Kenyans during this year’s Jamhuri Day celebrations. In an exclusive interview at his office, Commissioner of Co-operatives, Philip Gichuki told Sacco Review, “Yes, State House communicated to us and we hope…
Gichuki also asked Saccos to incorporate youth and women in their leadership structures as a way of boosting membership from these two groups. Speaking during an Exclusive interview with the Sacco Review, Gichuki further called on County governments to maximize their support to cooperatives in their respective counties. “We know most Saccos have rebranded but…
