Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Peter Otuoro Kenyans have been urged to tap into housing cooperative societies to enable them save and own houses in urban areas. Lands, Public Works, Housing and Urban Development Cabinet Secretary Zachariah Njeru said many Kenya are not aware of benefits gained after joining housing cooperatives. He said the ministry will work with his…
By Ken Langat In bid to ward off unscrupulous cartels that have permeated Avocado industry and made themselves a bargaining chip, farmers from Kericho have formed a cooperative society. Kericho Avocado Farmer Cooperative Society was presented to the registrar of companies last year by the farmers as an umbrella body to collectively market their produce…
By Fredrick Odiero SASRA Chairman Jack Ranguma has expressed concern over the low asset base levels of Saccos from Nyanza region. Ranguma said Saccos in the country have a total asset base of Ksh 886 billion yet Nyanza region controls a paltry Ksh3.6 billion (0.2%) of the total amount. Speaking during Keystone Sacco’s Annual…
By Benedict Ngetich Kericho based Ndege Chai Housing Cooperative Society has revealed plans to venture into income generating activities other than tenancy and sale of plots and tea for increased revenue. Mrs Edna Chepkwony, the Sacco’s Chairperson, noted that the society has continued to pursue other business opportunities with other stakeholders with a view of…
By John Majau. Isiolo abattoir once operational will be an economic game changer by creating opportunities for county residents in the tannery industry, animal feeds, and meat processing. Isiolo County Agriculture CECM Jusuf Mohamed affirmed that the ravaging droughts that led to the loss of 50% of the county livestock particularly cattle would have been…
By Roy Hezron Nairobi City County is planning to allocate Ksh 866.7 million over the next five years to the state department of cooperatives to be used for cooperative development and audit. The move is also to facilitate the growth of a vibrant cooperative movement with financially strong and well managed cooperatives in the…
By Roy Hezron Nairobi County Governor Johnson Sakaja is planning to allocate Ksh 4 billion to the Business and Hustler Opportunities sector over the next five years. A huge chunk of the amount will be allocated for cheap credit and business financing. According to the County’s draft of the 2023-2027 Integrated Development Plan, the proposed…
By Felix Wanderi Co-operative Bank board of directors has recommended a dividend of Ksh 1.50 per share, subject to approval by the regulators and shareholders. Co-op Bank Group CEO Gideon Muriuki said the proposed dividends represent a 50 per cent increase on the Ksh 1.00 per share paid out last year. He added that the bank will pay out a…
By Robert Nyagah 23 years ago, Stanley Joseph Njue and a few business people from Embu County came together to form a self-help group, whose monthly contributions started at Ksh100 but now stands at Ksh1,000 monthly. The self-help group has now matured into Mediators Savings and Credits Cooperative controlling a circulating capital of more than…
By Alfred Kimosop Baringo County’s Cooperative Officer David Maina has asked Boresha Sacco members to organize themselves so as to benefit from Hustler Fund’s second phase that targets groups. He said it was ripe for members to establish income generating activities that will help them repay the low interest loans offered through Saccos once it…
