nyanza

Youths urged to join Saccos to develop

By Florence Norah Migori County Youth Bunge Sacco chairman Joseph Nyapete has appealed to the youth to join Saccos to secure affordable loans. Nyapete, who was speaking during the launch of “Kuza Kazi” initiative by Coca-Cola and USAID at Kababu Technical College, urged youths to embrace self-employment. Nyapete told off youths waiting for white collar jobs to venture into businesses ...

Read More »

Kicomi factory re-opening to revive cotton co-operatives

By Jackson Okoth As the State mulls re-opening the moribund Kisumu Cotton Mills in a bid to revive the textile industry, focus has turned to the once robust cotton growers’ co-operative societies that either shut or are struggling. Uyoma Cotton Farmers Co-operative is one of them where wrangles have bedevilled this society for the past 39 years. Trouble for the ...

Read More »

Over 30,000 boda boda riders targeted in co-op marketing drive

By Erick Nyayiera Kisumu County Government is seeking to mobilise over 30,000 boda boda operators to join or form Saccos. The outgoing Co-operatives Director in the county Zephaniah Osok said boda boda Saccos have the potential to spur development in the area. “If they can each contribute to their Sacco at least Sh 100 daily that means they will be ...

Read More »

Kisumu plans to improve management of co-operatives

By Erick Nyayiera Kisumu County has outlined strategic measures to improve the performance of the Saccos. County Ushirika Council chairman Edward Matoke noted that they are working towards streamlining leadership of the potential cooperative societies including the merger of the small and unviable co-operatives. “We have numerous small uneconomical co-operative societies which must be merged so that they can be ...

Read More »

County plans to legalize chang’aa

By Erick Nyayiera  Siaya County government is seeking to formulate a legislation that will legalize the production, sale and consumption of chang’aa. According to the County’s Executive Committee member for Enterprise and Industrial development Jaoko Oburu, they have already established a liquor directorate that is currently checking on the required standards before they can legalize the liquor. Oburu told Sacco ...

Read More »

Self-employed workers told to save for retirement

By Erick Nyayiera Individuals who are self-employed in Siaya County have been encouraged to embrace the culture of saving for retirement as a security measure for their old age. According to Retirement Benefit Authority (RBA) Cooperate Communication Manager Rose Kwena, those in self-employment should ensure they join the various private and occupational pension schemes to save for their retirement. “Individuals ...

Read More »

New Sacco scaling the heights through income mobilisation

By Calistus Imbayi Kakamega Rural Roads Workers (KRRW) Sacco Ltd is one of the fast-growing financial institutions in Kakamega County, having set its goals and focused on steadily scaling the heights to the top most position. The society’s income target projection for the year 2018 is Sh6, 580,000, with an average monthly income of Sh520.000. This was revealed by the ...

Read More »

Unaitas eyes bank status

By Our Reporter Unaitas Sacco, which recently opened its 25th branch in Kisumu city, is eying to become a fully-fledged commercial bank. Unaitas Chairman Joseph Kabugu said the institution has invested Sh700 million on infrastructure upgrade in readiness for commercial banking. “We are ready to go, even if the licence was to be granted today. We will simply switch on ...

Read More »

Saccos ordered to produce audit reports

By Erick Nyayiera Kisumu County Government’s department of co-operative development has ordered all cooperative societies in the region to produce audit reports or risk punitive action. County Executive Committee Member in charge Business, Industrialization and Energy Alice Moraa deplored a tendency adopted by Saccos where they produce doctored audited reports that do not depict the true financial positions of the ...

Read More »

County urged to include co-ops in development plans

By Erick Nyayiera Kisumu County leadership has been asked to incorporate the co-operative agenda in the County Integrated Development Plans to boost local Saccos. The Chairman Kisumu County Ushirika Day celebrations Edward Matoke noted that the Saccos were in great need of support and improvement services from the government hence the embedment of the cooperative agenda into the CIDP will ...

Read More »