Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Hell broke loose during Sunrise Dairy Cooperative Society in Butali Chegulo ward, Malava constituency annual general meeting after members protested and called for the immediate arrest of staff and individuals who purchased their products and have refused to pay a debt amounting to Ksh218, 000. The members unanimously agreed to surcharge the debt to the…
Caritas Microfinance Bank has opened a new branch in Nakuru city, in a colorful ceremony attended by Nakuru Deputy Governor David Jones and Nakuru Catholic Diocese Bishop Rt. Rev. Cleophas Oseso. Kones promised that the county government will continue to create a conducive environment to attract more investors, especially financial institutions, to provide more services…
Githunguri Dairy and Community (GDC) Sacco has decried the double taxation that they are subjected to by the government, calling on policy makers to review the relevant laws that have seen them paying duplicated duty on loans advanced to members. According to Sacco chairman Joseph Gitau, they are taxed on members’ income and the same…
Yetu Sacco Society has opened a new branch in Chuka town, Tharaka Nithi County in a bid to reach out to more members. Sacco Chairman Mark Gitonga assured members that their money is safe and advised them to apply for loans, stressing that the frequency of getting the loan will be determined by the rate…
Farmers in various cooperative societies across Machakos County stand to gain following the huge allocation for the agriculture sector in the county’s Ksh14.75 billion 2023/2024 budget proposal. County Finance Executive Committee Member Onesmus Kuyu said agriculture was allocated Ksh904 million to enable farmers access affordable agricultural inputs, add value to their produce and enhance marketing…
Rose Wambua, a former senior banker at the Cooperative Bank of Kenya, has advised livestock farmers to have farm insurance covers for their cattle. Wambua said the move ensures farmers who lose their animals due to drought receive compensation to either allow them to restock faster or invest in other productive activities. “Livestock insurance aims…
Charles Omwansa, the CEO of the giant Gusii Mwalimu Sacco, has called it a day. Omwansa, who has three decades of experience in the Sacco sector, has left the institution with a rich and unrivalled legacy. The Sacco held a retirement party at Monarch Hotel in Kisii County which was graced by other Sacco members,…
Kenya Teachers Sacco Association (KETSA) has registered significant growth in its programmes for the last one year. Association Chairman Robert Kithanju revealed that the programmes undertaken by KETSA have led to a growth in asset base from Ksh260 million in May 2022 to Ksh349 million currently, translating to a growth of 34 per cent. During…
President William Ruto has revealed that his administration will put in place proper mechanisms to manage the cooperative movement well to ensure Sacco members are safeguarded from exploitation by brokers and cartels. Speaking during Meru Dairy Cooperative Union’s 8th annual field day at Gitooro showground in Meru town, Ruto lamented that it’s very sad that…
Rice farmers in Nyando, Kisumu county have been urged to join cooperative societies to enable them find ready markets for their produce as well as weed out cartels from their midst and ease access to credit. National Irrigation Authority (NIA) West Kenya Region Scheme Manager Kennedy Ouma said cooperatives are a vital element of development…
