Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Asa Maina Nyeri Governor Mutahi Kahiga has challenged teachers to apply for county tenders so as to increase their revenue base. Speaking during the Newfortis Sacco (formerly Nyeri Teachers Sacco) Annual General Meeting (AGM), Kahiga asked teachers to start other income generating ventures instead of relying on their salaries alone. He also urged lending…
By Staff Reporter Wananchi Sacco has come up with new strategies to curb any possible spread of the Coronavirus disease among its members and the community at large. The Sacco is investing in mobile banking to offer a wide range of services. Its M-Wananchi platform enables members to check balance inquiries, withdrawals, deposits, airtime purchase,…
By Felix Wanderi Kiambu County coffee co-operative societies have now come together under one association in a bid to resurrect the sector. The 22 societies came together to form Kiambu County Coffee Farmers Association so as to foyer the government support for coffee production, processing and marketing. Kiambu County Governor James Nyoro said the move…
By Asa Maina Mwenji Catholic Parish in the Archdiocese of Nyeri is in the process of starting a foundation to help pay fees for needy learners in the society. Parish priest Benson Kiboi said the kitty will cater for the fees of learners struggling to pay both in secondary schools and higher learning institutions in…
By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the institution started in 2013 is on the verge of collapsing owing to liquidity challenges. The Sacco Board of Directors Secretary John Gakure informed members that…
By Joyce Wambui A deal has been approved by the County Assembly of Murang’a and an Italian firm allowing five corporative societies to sell their produce in Italy. This was after a research tour was conducted and the corporative societies’ management signed a memorandum of understanding with Ibarico Sri Italy. The farmers’ societies include: Thikagiki,…
By Correspondent The process to revive Wanjohi Co-operative Society has begun Nyandarua County Executive Committee Member for Trade, Industrialization and Cooperative Raphael Njui has said. Njui met with a group of investors from Ziara Dairies at the society who will revamp the society. The co-operative will receive milk coolers and is expected to start milk…
By Our Reporter Murang’a Kiama Kia Ma elders have established a saving and credit cooperative society to empower themselves financially. Peter Kagwanja, who was elected county patron, said they aim at consolidating Sh10 million that will be used to give credits. The Sacco dubbed Njungw’a’ which means a traditional stool is expected to ensure members…
By Kage Njoroge Amica Sacco Chief Executive Officer James Mbui has advised cooperators to go take loans for development purposes. “Good loans help us seize investment opportunities when they arise, which give higher rate of return than the cost of loan taken,” he said. Mbui noted many Kenyans especially the youth fall into the trap…
By Felix Wanderi Cooperative societies in Kiambu County have been urged to have a strong role in creating decent jobs and empower local communities economically and socially. This was emphasized during the 97th Ushirika day celebrations held at Limuru Model Primary School. “Co-operatives being value-driven enterprises owned, controlled and run by members should serve to…
