Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina The State Department of Co-operative has issued a notice to dormant co-operative societies to shape up or close shop. Permanent Secretary in the department Ali Ismail said they will liquidate all non-performing societies in the country. Statistics from government indicate that more than half of over 21,000 registered societies are inactive. In…
By Peter K. Angore Imarika Sacco has officially opened a new branch at Bamba trading centre. This brings the number of the Sacco’s fully fledged branches to seven. The new branch comes as relieve to the members and residents especially in the hinterland of Ganze Sub-county who will now get services closer home. Kilifi County…
By Tsozungu Kombe Mombasa County has registered twenty new co-operative societies. Mombasa County Co-operative Commissioner Malaki Tenai said the registered co-operative societies in the region are Saccos. He warned Sacco members in the area against politicising the operations of the societies. The Commissioner urged members to patronise saccos to enable them continue offering quality services…
By Collins Akong’o Saccos which have embraced modern technology in service delivery have the competitive edge in the market. KUPPET Executive Secretary Taita Taveta County Shedrack Mutungi said use of technology will strengthen Saccos’ operations and ensure they withstand competition. He called on co-operatives leaders to fast-track the process of expansion to ensure the growth…
By Tsozungu Kombe Imarika Sacco has set aside Sh350 million for the construction of a modern office complex at the county headquarters in Kilifi town. Speaking during the Annual Delegates Meeting recently, the society’s Chief Executive Officer Daniel Masha disclosed that construction works is currently ongoing and phase one of the project has already been…
By Our Reporter Kilifi County Government will strive to ensure that it creates an enabling environment for the growth of co-operatives. The County Executive Committee Member in charge of Trade, Tourism and Co-operative Development Nahida Mohamed said the county will soon come up with policies on co-operative development. She said the legislation and policies will…
By Jane Wangeci Lamu Teachers Sacco is in the process of selling two of its branches so as to raise money to pay a Sh30 million loan the sacco has been servicing since 2013. According to the Sacco’s Chief Executive Officer Michael Kirui, the Sacco will dispose Witu and Faza branches. The proceeds will be…
By Our Reporter Forty per cent of the population of the Kenyan youth is currently unemployed. This was revealed by chairman of Parliamentary Committee on Trade, Industry and Cooperatives Development Kanini Kega . He said the problem has remained unresolved for many years and is ever growing. Kega was speaking during the official opening of 3rd…
By Tsozungu kombe County Co-operative commissioner Mary Mkare has said county administration will continue to offer technical support to Saccos in the region. Mkare said the county will also provides capacity building and training programmes for the officials of newly registered Saccos to enable them offer effective service to members. She asked all Saccos to…
By Kese Werugha Imarika Foundation has donated Sh250, 000 toward supporting four needy but bright students in Kilifi, Tana River, Kwale and Lamu Counties. The foundation is supported by Imarika Savings and Credit Co-operative Society (formerly Kilifi Teachers Sacco) that operates in the four counties. The foundation chairman Renson Ndoro said the fund was set…
