Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Wasike Elvis Uasin Gishu Governor Jonathan Bii has called on the leadership of various county Cooperative Societies to instill good governance. Speaking at the County headquarters during a meeting with cooperatives leaders to ensure the societies keep running as they have proven to be among key sectors that contribute immensely to the growth of…
By Enock Okong’o Kisii County Woman Representative Doris Aburi has revealed plans to unveil a county Sacco exclusive to women in the region that is aimed at empowering them. Kisii County Mums Sacco will be the name, with operational logistics being at an advanced stage to pave way for its launch once they are finalized. She announced…
By Our Reporter Police were forced to intervene and stop a meeting called by the Kimiti Housing Cooperative Society in Matungulu sub county of Machakos county. This is after some of the Sacco members began demonstrating against the society committee. They told Sacco review that they have no trust with the committee and needed elections….
By George Otieno Mombasa County Cooperative Director Nelson Nyoro has pointed out that the justification of Saccos’ existence is their ability to satisfy members’ needs. Speaking during Kenya Teachers Sacco Associations (KETSA) conference in Mombasa aimed at discussing the sustainability of Saccos and the Sacco sub sector, Nyoro stressed that the sustainability of the association rested…
By George Otieno Kilifi County Deputy Governor Flora Mbetsa Chibule has stressed on the need to support cooperatives as key enablers of Kenya’s improved social and economic growths. Cooperatives, she said, cut across all the sectors of the economy namely agriculture, mining, housing, transport, and manufacturing. In addition, they are known worldwide as instruments of…
