Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Mwalimu National Sacco in partnership with Kenya Mortgage Refinancing Company (KMRC) has unveiled low mortgage loan facilities to give affordable housing to members. The Sacco, which is Africa’s largest Sacco by assets, unveiled the affordable housing loan products at Mwalimu National Towers in Upper hill in a colourful event graced by Simon Chelugui, Cabinet Secretary…
Keystone DT SACCO has trained its focus on opening a new satellite office in Homa Bay after it realized high demand for its services in the area even as it plans to move to a new office in Kisumu due to increase in demand for space. Speaking during the SACCO Annual General Meeting at the…
Malindi Sub-County Cooperative Officer Felister Moraa has revealed that the county government of Kilifi intends to revive 20 dormant cooperatives this financial year. She said the government’s move was necessitated by the need to enable residents join cooperatives in large numbers and uplift their living standards. Moraa advised Sacco members to patronize the products in…
KUSCCO Rift Valley Regional Chairman David Langat has revealed that 22 Saccos from the region have joined the umbrella association. Speaking at Waterbuck Hotel in Nakuru City during KUSCCO’s 35th regional council meeting, Lang’at welcomed the Saccos into the union and promised to assist them prosper in their programmes. The new members are Chemoton, Elean,…
Operations at Siaya Ufanisi Savings and Credit Cooperative Society Ltd have been negatively affected as the county government is yet to Ksh3.6 million it owes to the cooperative. Speaking during the recent ADM, Sacco Chairman Tom Adero noted that despite improved remittances by the current county government, the issue still needs to be addressed amicably…
