Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By John Majau Meru Governor Kiraitu Murungi has opposed new regulations by Agriculture Cabinet Secretary (CS) Peter Munya on khat farming and trading. The regulations aim at streamlining the produce, commonly known as miraa, for standardization and acceptance in international markets. The governor said he was not consulted before the regulations were laid down. He spoke…
By Asa Maina Unison Sacco has introduced the Golden Plan, a retirement saving plan that will see members save a minimum of Shs 200 monthly, withdrawable upon retirement. The Sacco’s chairman James Muhandi revealed that upon retirement, the depositor will determine whether to receive the money as a lump sum amount or in monthly installments….
By George Otieno Imarika Sacco Chairperson Mr. Renson Ndoro has said the society expects to have a total asset base of 20 billion shillings come the year 2026. The chairperson said this in a recent Imarika Sacco’s members education meeting where they were taken through the Sacco’s journey, educated on its various products and services,…
By Kage Njoroge Kenyans have been advised to embrace a saving culture to enable them get adequate funds for sustainable investments. Speaking during the reopening of the refurbished Kirwara branch of Amica Sacco, Bishop James Wainaina of Murang’a Catholic Diocese said the best formula for ordinary people to tackle poverty is to save and invest…
By Bernard Matumbai Co-operative Bank of Kenya has been named East Africa’s Regional Bank of the Year at the African Banker Awards Gala Ceremony held in Accra, the Ghanaian capital. In a continuation of the listed Tier One lender’s international supremacy, the bank was feted for its overall excellence in the banking sector across the region….
By Our Reporter The President led the nation in celebrating the 59th Madaraka Day at the newly-rehabilitated Uhuru Gardens in Nairobi yesterday, 1st June 2022. On that historic occasion, the head of state enumerated the achievements of his administration as it enters home stretch.. However, one milestone that stood out is the govt’s expansion of…
At 56 per cent growth in pre-tax profit, nothing seems to be stopping top tier lender’s exploits By Matumbai Bernard-Boy The Co-operative Bank of Kenya has maintained its upward trajectory, recording a 56 per cent before tax growth in the first quarter of 2022 as compared to the same period last year. In a statement dated Thursday,…
By Dennis Bett Giant Baringo-based Boresha Sacco’s active membership hit 71,088 by the year ending December 31, 2021, up from 60,656 in 2020; a clear indicator of rising fortunes of the vibrant society. Speaking during a recent education day for members at Sacco headquarters in Eldama Ravine, Sacco CEO Jacob Mengich said there was an…
By Bernard Matumbai Co-operative Bank of Kenya’s net income jumped by 53 percent to a record Sh16.5 billion in the year ended December 2021 from Sh10.8 billion in the previous term, something that was attributable to higher interest income, investment in government and reduced expenses. The bank recorded a 59 percent surge in pre-tax profit…
By Enock Kipturgut The County Government of Baringo has launched incubators and backup generators worth Shs 3 million to benefit nine co-operative societies drawn from Kabarnet Ward. The move is aimed at enhancing poultry production. One incubator accommodates 1056 eggs per hatchery. The benefitting cooperative societies include Soramoi, Kimoso, Seguton, Kiboino, Kapchepterit, Kokwomoi, Kaperterot, Jekame…
