Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Malachi Motano Kumisa Savings and Credit Cooperative (Sacco) members have appealed to the Directorate of Criminal Investigations (DCI) and the Commissioner for Cooperatives to help them recover their savings The Sacco based at Kirigiti in Kiambu town, also referred to as ‘Hustlers Sacco” is a Sh10 savings society which has collapsed with millions of…
By Asa Maina Four-year-old Nyeri South Traders Sacco paid a dividend of 10% in 2020, an increase from eight percent in 2019. The Sacco chairman Joseph Wanjohi said it had also paid out a dividend of 10% in 2017 and but the payout declined to 4% in 2018. Speaking during its fourth Annual General Meeting…
By Kamundia Muriithi The government plans to modernize coffee factories and implement the use of technology trading. Apart from the use of ICT in all operations, they will also roll out soil testing in coffee growing zones in a bid to revive the sub-sector. Agriculture CS Peter Munya has said they have set aside Sh7…
By Kamundia Muriithi Eighteen board members serving on tea factory boards in Embu County have threatened to boycott the forthcoming elections for directors of three tea factories. They have vowed to boycott the elections, because of alleged government interference in the exercise. The officials dismissed the elections planned to be held on April 10 as…
By Kamundia Muriithi Three dairy cooperative societies in Kirinyaga County are set to expand their milk processing and value addition capacities after qualifying for a Sh27.5 million grant from the county government. The grant is part of the Sh58.5 million that the Kirinyaga County Government has set aside to support dairy farmers this financial year….
By Our Reporter A group of retired teachers in Nyeri County have launched the construction of a Sh143 million housing project. The group known as Tekimamo (Tetu, Kieni, Mathira, Mukurweini and Othaya) was founded in 1968. Sampesa Agency Ltd is finding the construction of the commercial rental houses to be built in four-storey blocks. Upon…
By Asa Maina Biashara Sacco has been licensed to operate agency banking services by Sacco Societies Regulatory Authority (SASRA). The move follows a successful pilot implementation and opening of a satellite office in Mairo Inya along Nyeri – Nyahururu road. The institution has also embarked on the full installation and development of the Electronic Document…
By Malachi Motano A Murang’a based Sacco has embraced various digital platforms to avoid loses occasioned by the outbreak of Covid-19. Amica Sacco started to introduce its members to several digital platforms since the beginning of last year. The Sacco’s Chief Executive Officer James Mbui said digitization helped customers transact businesses without much movement. Restriction…
By Malachi Motano Small traders in Othaya, Nyeri County have no reason to worry of where to save their hard earned money after they registered a new Sacco. Small intreprenuours and mechanics can now use the Sacco in mobilising savings in the County and beyond. According to the traders Sacco chairman Joseph Wanjohi, the entity…
By Asa Maina Four-year-old Nyeri South Traders Sacco paid a dividend of 10% in 2020, an increase from eight percent in 2019. The Sacco chairman Joseph Wanjohi said it had also paid out a dividend of 10% in 2017 and but the payout declined to 4% in 2018. Speaking during its fourth Annual General Meeting…
