Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Elgeyo Marakwet County Executive Committee Member (CECM) for Cooperatives, Trade, Industrialization, Tourism and Wildlife Robert Kangogo has hailed cooperative societies for their pivotal role in transforming lives in communities. Speaking during the regional Ushirika Day celebrations at Iten grounds, the CECM said the sector was in tandem with the national government’s bottom up economic transformation…
Michael Ochieng and his partner Esther Omcheni have co-owned Afritech, a print media investment since 1997 but the fortunes improved after the joined Universal Traders Sacco (UTS). They shared with this writer the sweet journey they have walked with UTS since they became members. “I came to know of the Sacco through one of its…
Elburgon dairy farmers have formed a new Sacco in the name Elburgon Maendeleo Sacco to help them save and borrow to improve their financial status. Its chairman Johnson Sang said that their aim is to create an avenue for members to save towards boosting their financial standing. Speaking in his office in Elburgon town, Sang…
The Kenya Industrial Research and Development Institute (KIRDI) has entered into a partnership with the University of Nairobi (UoN) to train women fish traders on value addition and preservation. KIRDI head of food technology research Gitutu Nyambane said the training targets to build the women’s capacity to use food processing technology to preserve fish in…
As the country’s hard economic times bite, boda boda riders, farmers and traders from the Western region have been asked to join Saccos and invest in the future to cushion themselves against the current cash crunch.Speaking to journalists in Busia town, Faridi Sacco chairman Godfrey Saidi said many boda boda riders are facing a lot…
Machakos County Chief Officer (CO) of Cooperatives Benedict Ngumbau has urged officials of cooperative societies to uphold integrity and abide by the Cooperative Societies Act to ensure the survival of their cooperatives.Speaking after a visit to Komarock Housing Cooperative Society, the officer pointed out that most cooperatives fail due to mismanagement.“Cooperatives should ensure they hold…
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 Ksh80 million. It…
Bungoma County Chief Officer for Cooperatives Development Beatrice Nakhumicha has urged the county government to sensitize cooperative society leaders on leadership and management. Speaking during the International Cooperative Day celebrations held at Mt Elgon Coffee Mills, Nakhumicha attributed the collapse of cooperative societies in the region to management wrangles and argued that training the leaders…
Savings and Credits Cooperative Societies (Saccos) in Embu County have enhanced publicity programmes to expand their customer base among the youthful digitally suave potential investors while retaining the traditional clientele of the elderly. Despite the high adoption of technology to ensure various services are easily accessible to the customers, the Saccos have not abandoned the…
Operations at Siaya Ufanisi Sacco have been negatively affected as the county government is yet to remit Ksh3.6 million it owes. Speaking during their recent Annual Delegates Meeting (ADM), Sacco chairman Tom Adero noted that despite improved remittances by the current county government, the issue still needs to be addressed since deductions are inconsistent and…
