Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter A wall that will cost Sh200 million will be constructed to surround Bandari Sacco’s land in Nguu Tatu in Kisauni, Mombasa. Justice Anne Omolo ordered police to provide security for the company that is constructing the perimeter wall, which is intended to keep off squatters. The Sacco’s lawyer, Joseph Munyithya, said that…
By Munene Maina Saccos have been asked to embrace modern technology in service delivery. Equity Bank General Manager in charge of Corporate Banking Moses Ndirangu said use of technology will strengthen saccos operations and ensure they match up to the competition. Ndirangu called on leaders in co-operatives to fasttrack the process of expansion to ensure…
By Our Reporter In a move aimed at ensuring residents have access to cheap loans, the County Government of Nyandarua says it is in the process of setting up co-operatives revolving fund. According to trade and cooperative executive Muthoni Wamuya, 130 saccos will form a union called Nyandarua Co-operative Union, to manage the funds and…
By James Wakahiu Urithi Housing Co-operative Society Limited Director of Marketing Kevin Muthuri has asked Kenyans to secure insured loans and invest wisely. This means during tough times, they will have an insurance cover to take care outstanding loan amount effectively reducing the burden on their families in case of any unfortunate event that occurs….
By Joseph Mukubwa Othaya Coffee Farmers Co-operative Society has released Sh43 million advance payment to coffee farmers. The Society Chairman, Mr James Gathua said that the payments were released to over 11,000 small scale coffee farmers in Othaya, Nyeri County. “This is just an advance of Sh20 per kilogramme which will help the farmers to…
By Johnston Kieti Farmers in need of loans in Samburu County have found relief after Agricultural Finance Corporation (AFC) reopened its branch in Maralal town. The branch collapsed in 1992 after farmers failed to repay loans within the required time. Speaking during a re-opening ceremony, AFC’s Head of Operations Millicent Omukaga said the new branch…
By Jacky Soy Small-scale tea growers supplying their produce to Rorok Tea Factory in Konoin have petitioned the members of Bomet County Assembly to pass a motion compelling Kenya Tea Development Authority (KTDA) to separate them with farmers from Kapset Tea Factory. The farmers who have boycotted plucking tea for some days said they want…
By Peter Changtoek Members of a youth Sacco in Kiserian have protested over a move by the officials to relocate the Saccos’s offices. The National Youth Service Sacco members, who demonstrated in the streets of Kiserian, stormed the new offices located at Baraka Business Centre and demanded that the officials refund their money. They accused…
By John Ochieng Women groups who are benefiting from the Women Enterprise Funds have been advised to repay the loans so as to empower other women. Prof Collette Suda, the Principal Secretary, State Department of Higher Education, Ministry of Education Science and Technology said most of the women groups have not taken seriously the importance…
By Erick Nyayiera Co-operative movement in Nyanza needs to up its game and local farmers have been asked to join saccos so as to have a quicker access to loans for agribusiness. Agricultural Finance Corporation’s Regional Manager for the Western and Nyanza Martha Ayodo says that most farmers in Nyanza still practise subsistence farming a…
