Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Bee farmers in Embu county are championing for the creation of a Sacco to streamline the production and marketing of honey and products of bee keeping. Catherine Ruguru Nyagah, the coordinator of the farmers in Embu county, said the formation of a Sacco to deal with bee farming is now in the final stages and…
Uasin Gishu County’s Department of Trade, Industrialization, Tourism, Cooperatives and Enterprise Development has trained cooperatives and Saccos across the county to revolutionize the cooperative landscape. The training exercise encompassed a wide range of vital topics focusing on areas such as share mobilization, book-keeping and auditing, management strategies, and embracing new technological trends. The department’s County…
Machakos County Deputy governor Francis Mwangangi has revealed that the county government will continue mobilizing resources from various development partners in order to boost the growth of cooperatives which are vehicles for accelerated sustainable development. Speaking during the101st International Day of Cooperatives celebrations held at Kenyatta Stadium, the deputy governor, who represented Governor Wavinya Ndeti,…
Nakuru county Governor Susan Kihika has urged Sacco leaders to embrace good leadership to ensure the survival of their societies. In a speech read on her behalf by Deputy governor David Kones during the 101st Ushirika day celebrations, Kihika said Saccos are great contributors of economic development hence they should be managed well to safeguards…
Taita-Taveta Deputy Governor Christine Kilalo has urged cooperative societies to embrace innovation to widen their markets to net potential members at the grassroot level. Speaking during the commemoration of the 101 International Cooperatives day themed “Cooperatives for Sustainable Developments”, the deputy governor pledged to offer a prize of Ksh1 million to the cooperative society that…
