Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kibugu Farmers’ Co-operative Society was awarded the overall prize for paying the highest average income per member in the county. The society emerged top in eight categories during the Ushirika Day celebrations in Embu County. It produced 2.56 million kilogrammes of cherry and was followed closely by Murue Co-operative with 2.25 million kilogrammes. The society’s…
By Boniface Mulu Kitui County Trade, Co-operatives and Investment Minister Philip Mumo has said that the co-operatives are an important and efficient instrument to create wealth and fight poverty. “They bring people together in a democratic and equal way and allow people to take control of their economic future,” the minister added. Mumo said that…
By John Majau Co-operative leaders in Meru County want the national government to clear debts owed by farmers’ societies. Meru Dairy Co-operative Society chairman Mr Simon Kiruja urged Governor Kiraitu Murungi to petition President Uhuru Kenyatta on behalf of farmers to waiver the debt. Coffee Farmers Chairman Mr Mbaabu Mitunga lauded Kiraitu for adapting and…
By John Majau The County Government of Meru has raised the red flag against poorly performing coffee societies making losses and threatened to close them for being a liability to farmers. The Government has also put on notice societies producing less than 5,000 kilogrammes of coffee annually saying they will be merged to form strong…
By Titus Murithi Nyambene Arimi Sacco members can now access their funds any time courtesy of Automated Teller Machines (ATM) which have been installed at all the Sacco branches. This financial service was a fulfilled pledge which had been promised to members during last year’s (2017) AGM. Also members will be alerted by their mobile…
Titus Murithi Co-operative stakeholders have asked the National Government to put aside proposals affecting Saccos in the current finance bill. Tirus Nyaga, Southern Star Sacco Chairman, said the proposal requiring any bank transfer of Sh500, 000 and above to attract excise duty of 0.05 per cent amounted to double taxation. “The proposal is not good…
By John Majau Meru County Governor Kiraitu Murungi has unveiled a new management board for Kaguru Farmers’ Training Centre (KFTC). The board is meant to ensure that the institution reclaims its lost glory and attains its set development goals. Kiraitu said his Government has allocated the institution Sh10 million for construction of an ultra-modern hall…
Titus Murithi Co-operative stakeholders have asked the National Government to put aside proposals affecting Saccos in the current finance bill. Tirus Nyaga , Southern Star Sacco Chairman, said the proposal requiring any bank transfer of Sh500, 000 and above to attract excise duty of 0.05 per cent amounted to double taxation. “The proposal is not…
By Kiptanui Rutto Chogoria Ward Member of County Assembly, Margaret Gitari has called on co-operative societies in the region to add value to the farmers’ produce. She said the societies should be a bridge between the farmers and the consumers. Speaking during the launch of Ndosha Light Industrial Park supported by Ndosha Sacco at Wiru…
By John Majau Trans-Nation, one of the fastest growing Saccos has kicked off elaborate plans to start agency banking in a move meant to capture a greater market share within Tharaka Nithi, Meru, Kitui and Isiolo counties. Trans-Nation Sacco Chief Executive Officer, Ransam Mugambi Nthiga said plans to turn the organisation into a banking agency…
