Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Amica Sacco Chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will boost Sacco portfolios and also improve their financial status. He lamented that payment of civil servants and entrepreneurs exclusively through banks was alienating Saccos from the national payment…
Nyeri County government will train all cooperative society officials to enhance prudent management in the sector. Governor Mutahi Kahiga said the training will be done annually. “We shall be getting all the board members from coffee, milk cooperatives and Saccos among others and train them so that their management and governance skills are enhanced,” he…
Ekeza Sacco founder David Kariuki Ngari, commonly known as Gakuyo, has revealed that the Sacco is willing to repay members who still claim their savings from the Sacco through land. Gakuyo revealed that the Sacco’s coffers have run dry due to the current harsh economic environment and that there’s no money to repay the 2,000…
Coffee farmers have suffered a great deal after prices of their commodity dropped by almost half this year. At Kabare Coffee Farmers Co-operative Society Limited for instance, which is affiliated to Kirinyaga District Co-operative Union Limited, farmers were paid between Ksh72 and Ksh92 per kilogram, rates that were far much lower than last year’s of…
Potato farmers, who are the key players in the potato value chain “The Potato Consortium”, will today witness the harvesting of potatoes in the first demonstration farm in Kieni sub county, Nyeri county. The consortium, led by Co-operative Bank and the County Government of Nyeri alongside other consortium partners Yara E.A, Bayer E.A and Agrico PSA, will see the buyer of…
Githunguri Dairy and Community (GDC) Sacco has decried the double taxation that they are subjected to by the government, calling on policy makers to review the relevant laws that have seen them paying duplicated duty on loans advanced to members. According to Sacco chairman Joseph Gitau, they are taxed on members’ income and the same…
Members of Anchor Premier Sacco, formerly Urithi Premier Sacco, can now heave a sigh of relief after the new management rolled out plans to recover their properties still held up by Urithi Housing Co-operative Society Limited. The Sacco, which was associated with Urithi, rebranded three years ago by dropping the name Urithi and replacing it…
Many Saccos countrywide are using publicity campaigns to net in more members which consequently increases their share capital and liquidity. The Saccos adopt big marketing budgets as a move towards making them more popular among their target market. Adopted publicity materials are creative, attractive and direct since they are tailored to reach and entice specific…
Stakeholders in the coffee sub sector want the government to factor issues of climate change in reforms being initiated by Agriculture ministry to mitigate adverse effects on production. They said climate change was affecting the cash crop and a big challenge to growers which called for campaigns to sensitive farmers. Meru Central Coffee Union acting…
The Mediators Savings and Credit Society, presently controlling a share capital of more than Ksh8.3 million, has launched a major marketing campaign to expand membership and remain profitable. According to a report by the chairperson of the Embu – based Sacco Catherine Nyambura, the ravages of the Covid-19 pandemic had a huge impact on members’…
