Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe The department of cooperatives in Mombasa County will develop a recovery strategy to help Saccos recover from effects of the Covid-19 pandemic. Saccos in the region are currently experiencing challenges, leading to their failure to generate enough revenue for business recovery. Speaking to Sacco Review in Mombasa town recently, The County Cooperative…
By Malachi Motano The government has ruled out revival of one time vibrant Moi University Savings and Credit Society (Musco). According to the Co-operatives Development Principal Secretary Noor Ismail, all signs were that the once vibrant Sacco whose license was revoked and placed under liquidation by the government in 2018 will not be revived. The PS was…
By Malachi Motano Kitui County Textile Centre (KICOTEC) will supply uniforms to all matatu crews operating along the Kitui – Nairobi route. The Passenger Service Vehicles (PSVs) Sacco for Matatus operating on the route struck the deal with County governor Charity Ngilu for the textile company to dress up its members and the operators. The…
By Kamundia Muriithi Eighteen board members serving on tea factory boards in Embu County have threatened to boycott the forthcoming elections for directors of three tea factories. They have vowed to boycott the elections, because of alleged government interference in the exercise. The officials dismissed the elections planned to be held on April 10 as…
By Kamundia Muriithi Three dairy cooperative societies in Kirinyaga County are set to expand their milk processing and value addition capacities after qualifying for a Sh27.5 million grant from the county government. The grant is part of the Sh58.5 million that the Kirinyaga County Government has set aside to support dairy farmers this financial year….
By John Majau Cabinet Secretary Margaret Kobia has asked women and youths to apply for loans from the government empowerment funds kitty. Speaking at Kinoru Methodist of Kenya (MCK) Church where she issued Sh9.15million to women groups from the Women Development Enterprise Fund kitty, Kobia said the money will empower and transform the lives of residents….
By Tsozungu Kombe The Covid-19 pandemic has derailed efforts of registering new Saccos in Kwale County. Speaking to Sacco Review in Kwale town recently, the acting Kwale County Cooperatives Commissioner Mohammed Mkanga said not many Saccos were registered during the pandemic. Mkanga also lamented that many Saccos in the region performed poorly in 2020 following…
By Our Reporter A group of retired teachers in Nyeri County have launched the construction of a Sh143 million housing project. The group known as Tekimamo (Tetu, Kieni, Mathira, Mukurweini and Othaya) was founded in 1968. Sampesa Agency Ltd is finding the construction of the commercial rental houses to be built in four-storey blocks. Upon…
By Bonface Mulu The Bestrock Savings and Credit Cooperative Society plans to construct its own building within Kitui town to save money spend on rental costs. The society’s chairman Francis Muli Kithae the building will also ensure that they enough office space. The Sacco will construct the building within the Kitui Town’s Central Business District…
By Lydia Ngoolo Kwetu Sacco Supervisory Chairperson Schola Kyeti has asked teachers to bank with the Sacco because it offers convenient services. Speaking at Kibwezi she told them that it is easy to borrow from the Sacco, unlike from banks which only lend business people but not teachers. “We are kindly waiting for you to…
