Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
As the Country’s hard economy bites most of the Kenyans, Boda boda riders, farmers and traders from Western region have been asked to join Saccos and save for the future. Speaking to Journalists in Busia town, Godfrey Saidi, Chairman of Faridi Sacco stated that many boda boda riders are facing a lot of challenges of…
Kisii County Director of Cooperatives Pamella Mercy has asked cooperatives to amend their by-laws to embrace virtual services and comply with the Cooperative Societies Act. Speaking at Kisii Agricultural Training Institute during Gusii Youth Bunge Sacco ADM, the director pointed out that the advent of the Covid-19 pandemic forced some Sacco employees to work from…
Siaya-based Taraji Sacco is set to open a satellite office in Homa Bay County to spur growth in line with its new 2023-2027 strategic plan. Speaking during the Sacco’s 44th Annual General Meeting (AGM), Sacco chairman Charles Ochieng’ Ngutu revealed that a survey conducted recently established that there was an opportunity for business there. “After carrying…
Nafasi DT Sacco recently rebranded from Nafaka Sacco so as to open up the market through new products which target various sectors of the economy. Speaking during the rebranding and opening of the Sacco’s first branch at Shujaa Mall in Kayole, Sacco chairman Koech Mwerey said the new branch is a great milestone for the…
Gusii Youth Bunge Sacco recently held a colourful Annual Delegates Meeting (ADM) to celebrate its tremendous growth and performance last year. Speaking during the event held at Agricultural Training Centre (ATC) in Kisii town, Sacco chairman Asha Moranya noted that the Sacco’s share capital increased by Ksh1,184,729 from Ksh7,026,031 in 2021 to Ksh8,210,760 as at…
National Transport Safety Authority (NTSA) has cancelled over 2.5 million fake licenses belonging to bodaboda riders. An official from the authority stated that most of the licenses were duplicates of others done online in cahoots with cyber cafes and after realizing the syndicate, they cleaned their online system and removed them. Speaking during a national…
Police on Friday lobbed teargas to disperse members of Matuu Wendano Company who held demonstrations calling for the transfer of Matungulu Deputy County Commissioner Evelyn Wekesa. The demos led by Chairperson James Mwangangi Mwovi led to a slow-down on Tala-Ol-donyo Sabuk causing traffic congestion. While addressing journalists, they claimed that the DCC through the police…
The Mediators Savings and Credit Society, presently controlling a share capital of more than Ksh8.3 million, has launched a major marketing campaign to expand membership and remain profitable. According to a report by the chairperson of the Embu – based Sacco Catherine Nyambura, the ravages of the Covid-19 pandemic had a huge impact on members’…
North Kinangop Sub-county Cooperative Officer Anastacia Kimani has urged cooperative societies to ensure that they present detailed and credible financial reports during annual general meetings (AGM) to uphold transparency in the sector. Kimani said many cooperatives have not been fully complying with International Financial Reporting Standards and Sacco Societies Act No.14 of 2008. “Many cooperative…
The county government of Machakos has issued cheques worth Ksh138 million to farmers from various cooperative societies and community based organizations. Speaking while issuing out the cheques at Machakos People’s Park, Governor Wavinya Ndeti noted that the funds are meant to enable farmers procure material and farm inputs. The governor promised to issue out more…
