Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Wesley Ondieki. Solution Sacco, formerly Meru Mwalimu Sacco has spread its footprint to Kitui County in an ambitious plan to recruit more members and improve on its reserves. A satellite office has already been opened in Kitui town and plans are underway to open a full-fledged branch in the County if a feasibility study…
By Jackson Okoth. African Banking Corporation (ABC) has forged partnerships that enables it provide a bonquet of commercial banking services to players in the Sacco industry. One of the most popular products is issuance of branded cheques to Sacco. “We have a bouquet of products which are innovative in nature and through the said products…
By Leonard Ojiambo. Members of 28 Cooperative Societies in Busia County attended a two-day book-keeping training course courtesy of County Woman Representative, Florence Mutua. Mutua said officials of the Saccos were trained on book-keeping and urged to hold annual general meetings and motivate members by paying dividends to shareholders. “The members were also trained on…
By Ben Oroko. Gusii Mwalimu Sacco members have been encouraged to embrace the fixed deposit account investments as one of the surest ways to their future financial security. The Sacco’s Chief Executive Officer (CEO), Charles Omwansa underscored the importance of the Sacco members taking advantage of the Society’s favourable fixed deposit account interest rate which…
By Tsozungu Kombe. Saccos in Kwale County have been urged to comply with SASRA rules and regulations to enhance efficiency. Speaking during Tabasamu Sacco in Kwale County, Annual General Meeting (AGM) held at Kwale Cultural Centre recently, Kwale County Cooperative Commissioner, Ms Levina Lenjo advised Saccos offering Front Office Banking Services (FOSA) in the region…
Mafanikio Sacco, formerly Mombasa Teachers Sacco Ltd has officially opened a branch in Ukunda town, Kwale County. The Ukunda branch situated at Arusha Plaza along the Likoni-Lunga Lunga road aims to bring services closer to the residents. Initially, residents of the county travelled long distances to Mombasa town to access Mafanikio Sacco services. However, with…
By Joseph Mukubwa. Wananchi Sacco has installed a mobile banking platform in some of its branches as a precursor to rolling out to all other branches soon. The Sacco chairman, Wambugu Kagondu said they plan to also roll out a digital platform in a bid to woo youth. Kagondu was speaking at Nyamachaki PCEA Hall…
By Joseph Mukubwa. Biashara Sacco Society, located in Nyeri County is targeting students through its Corporate Social Responsibility (CSR) programmes this year. This is through its school feeding programme, which was recently launched at the DEB Nyeri Primary School in Nyeri town. The Sacco has already spent some Sh200,000 on the initiative where over 500…
By Richard Shichangi. Faridi Sacco, formerly Busia Teachers Sacco, has revealed that the Government capping of interest rates dealt a severe blow on its business and affected service delivery. Micheal Ondinya Wambia, Chairman of the Board of Directors-Faridi Sacco told members that a volatile financial market slowed down Faridi Sacco’s business in 2016. Wambia told…
Bungoma County Government has begun an aggressive campaign to mobilize tea farmers in Mt Elgon Sub-County to join Co-operative societies ahead of opening of a tea factory in the area. County Governor, Kenneth Lusaks said his administration is keen to finance the construction of a tea factory in the region once the farmers have joined…
