Central - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Hazina Sacco opposes introduction of levy on non-withdrawable Sacco deposits

Sacco ReviewJanuary 18, 2024January 18, 202404 mins

Hazina Sacco Chairman Evans Kibagendi has opposed the introduction of a levy on cash deposits held by Non-Withdrawable Deposit-Taking Saccos by the Sacco Societies Regulatory Authority (SASRA) beginning January 2024. Kibagendi will greatly affect the revenue of Saccos as a whole, and the savings of individual members who are ideally the owners of the Saccos….

Governor Kahiga’s plan to support cooperative movement

Sacco ReviewJanuary 13, 2024January 13, 202402 mins

Nyeri Governor Mwalimu Mutahi Kahiga has assured that his County government will support the cooperative movement by implementing innovative strategies and ensuring compliance with regulations. The Governor made the statement during the 48th Annual General Meeting of the Newfortis Sacco at Nyamakachi Primary School. “My government will prioritize the promotion of Saccos through enforcement,…

Chelugui leads Coffee fund sensitization and distribution in Central region

Sacco ReviewJanuary 13, 2024January 13, 202402 mins

The Cabinet Secretary for Cooperatives Simon Chelugui has led the Coffee Cherry Advance Revolving Fund (CCARF) sensitization and distribution campaign in Kiambu, Nyeri, Kirinyaga and Murang’a Counties. According to Chelugui, the Kenya Kwanza administration has initiated key administrative and legislative reforms geared towards restoring the coffee sector to its full glory. “Coffee is one of the…

Tower Sacco launches scholarship for needy 2023 KCPE candidates

Sacco ReviewDecember 7, 2023December 7, 202302 mins

Tower Sacco is offering education scholarships to orphans and children from needy backgrounds who have scored 350 marks and above in the 2023 KCPE examinations. In a poster shared on its official Facebook page, the Sacco invited qualified candidates to visit any of its 26 branches across the country and apply by December 15. “Do…

Tower Sacco leases space at its iconic plaza in Ol Kalou

Sacco ReviewDecember 6, 2023December 6, 202302 mins

Tower Sacco is looking for traders to fill the vacant spaces in its multi-storey Tower Sacco Plaza located in Ol Kalau town in Nyandarua County. The lease rates available are 33 rooms for restaurants and accommodation, conference halls, a gym, and roof-top space. The Sacco, which has a remarkable membership of over 206,065 individuals and…

Kamuthi Housing Coop helps Kiambu boda boda riders acquire land

Sacco ReviewDecember 4, 2023December 4, 202303 mins

A group of boda boda riders from Ruiru in Kiambu County have a reason to celebrate after they acquired a 5-acre piece of land along Thika Road, with the help of Kamuthi Housing Cooperative Society. The Boda Boda Association, consisting of 200 members, received a title deed after diligently saving Ksh50 per day. Lawrence Kariuki,…

Nyeri County keen to further development in cooperative sector, Governor says

Sacco ReviewNovember 30, 2023November 30, 202303 mins

Nyeri County Governor Mutahi Kahiga has celebrated the remarkable progress made in the cooperative movement, from the establishment of new Saccos to the training of leaders in financial management and good governance. “Under the county’s leadership, 100 cooperative society elections have been successfully conducted, fostering inclusive participation and democratic processes. Furthermore, 600 cooperative leaders have…

Tea farmers decry alleged embezzlement, low bonus payments

Sacco ReviewNovember 18, 2023November 18, 202302 mins

Dissatisfied farmers affiliated with Iria-ini Tea Factory have lamented over low bonuses and alleged fund embezzlement by the factory’s management. The farmers suspect extravagant executive expenses and questionable procurement practices. They also complained that the factory is one of the lowest payers in the region, compensating farmers a mere Ksh38 for a kilogram of tea…

Kirinyaga company cleared to sell coffee directly to Nairobi Coffee Exchange

Sacco ReviewNovember 18, 2023November 18, 202306 mins

Coffee farmers in Kirinyaga have high expectations of getting good returns after the Capital Markets Authority (CMA) licensed Kirinyaga Slopes Coffee Brokerage Company Limited as a coffee broker. It joins 13 other firms that have been cleared by the regulator for the role. The move will now see the farmers reap big since the licensing…

Waiguru launches 20 agriculture-based Saccos in Kirinyaga

Sacco ReviewNovember 17, 2023November 17, 202304 mins

The Governor of Kirinyaga County, Anne Waiguru, has launched 20 ward-based Farmers’ Saccos, which she said are key to unlocking the potential of smallholder farmers. The Saccos will provide members with affordable operational capital, credit services and information on markets and production practices. Waiguru said that the initiatives are aimed at strategically positioning farmers engaged…