Regional - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Ndege Chai Sacco targets youth recruitment for sustainability

Sacco ReviewApril 11, 2024April 11, 202406 mins

Ndege Chai Sacco has doubled marketing efforts to attract more youthful members to the society. The Chairman Supervisory Paul K.Mutai told delegates that there was need to focus marketing efforts towards the younger generation to ensure sustainability of the Sacco adding, “as the economy improves opening up opportunities for employment and business for the youth,…

World Bank awards Governor Wavinya for exemplary implementation of projects

Sacco ReviewApril 5, 202407 mins

Machakos Governor Wavinya Ndeti has been feted by the World Bank for helping farmers to improve productivity through their cooperative societies. Governor Wavinya was awarded at the county offices in Mavoko on Wednesday April 3 for her collaborative efforts with the World Bank-funded Kenya Climate Smart Agriculture Project (KCSAP) to improve agricultural productivity among farmers….

Machakos farmers asked to plant trees for economic benefits

Sacco ReviewApril 3, 2024April 3, 202402 mins

Machakos Deputy Governor Francis Mwangangi has asked farmers in the county to take advantage of the ongoing rains to plant more trees in their lands and harvest water for domestic use. The region which often experiences long dry spells, has been receiving heavy rainfall, which is expected to continue. The deputy governors also encouraged farmers to plant…

Saccos in Mt Kenya teach members good money habits

Sacco ReviewApril 1, 202406 mins

The managements of various Saccos in Mt Kenya region have intensified campaigns to educate their members on skills for prudent management of borrowed funds in a bid to tame increasing cases of default in loan payments. Most Sacco are still grappling with recovery of funds held in defaults by borrowers mainly attributed to prevailing economic…

Kilifi’s Imarika Sacco gets new treasurer

Sacco ReviewApril 1, 2024April 1, 202403 mins

The vibrant Imarika Sacco Limited in Kilifi County has a new treasurer, Sylvester Charo. Speaking to Sacco Review in Kilifi town recently, Charo who has been the Imarika Sacco Secretary has replaced the former Treasurer, Reuben Gideon Kaphu who has retired from the teaching profession after attaining the retirement. While talking to Sacco Review from…

Miners in Migori form cooperative to eliminate cartels

Sacco ReviewMarch 30, 2024March 30, 202402 mins

Miners in Rongo Sub-county have formed a marketing cooperative society to protect members from preying cartels and uplift their living standards. The North Kamagambo Mining and Marketing Cooperative Society based in Rongo Sub-county is only four months old and going strong. The society recently held a one day seminar in Rongo town to sensitize members…

GDC Sacco seeks to grow its asset base to KSh8.5 billion

Sacco ReviewMarch 30, 202408 mins

GDC Sacco Society Ltd (GDC) has embarked on an ambitious plan to grow its asset base to KSh8.5 billion as it seeks to be among the top 50 Saccos in the country. The Sacco which currently has over 34,000 members, who are mainly dairy farmers in the agriculture-rich Githunguri Sub-county in Kiambu County, is keen…

Capital Sacco launches promotion to reward members purchasing shares

Sacco ReviewMarch 27, 202408 mins

Capital Sacco has officially launched an ambitious share drive promotion meant to recruit more members to the institution and reward those who add on their capital share. The promotion dubbed ‘Pepea na Capital Sacco’ aims at mobilising more members to buy more share capital with the winners set to be awarded with various prizes. The…

KCB shareholders get zero dividends as profit declines

Sacco ReviewMarch 22, 2024March 27, 202402 mins

Kenya’s KCB Group posted a 15 per cent drop in pretax profit in 2023 to KSh48.5. Therefore, it announced it would not pay a dividend for the period in order to conserve capital. For the first time in 21 years, KCB Group shareholders will miss out on dividends after the bank reported a net profit to…

President Ruto urges investors to put their money in Kakamega

Sacco ReviewMarch 21, 2024March 21, 202405 mins

Inaugural Kakamega international investment conference (KAIICO) gathered leaders from the National Government, Western Kenya, and Kakamega County respectively to showcase the potential for partnership and collaboration. Addressing the event, President William Ruto emphasised the need to attract both local and foreign investments as one way of transforming the vast potential of counties across all sectors…