Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Before I get to the core of this story, let me tell you about the amusing anecdote about a strange ‘doctor’ in the village where I grew up. I describe him so because some of the shenanigans he exhibited border on the absurd, if not criminal. You see Disco Matanga, for that was his name,…
Herman Mwashighadi Mwachia can truly attest to how Saccos are beneficial to its members. Mwachia, who is a member of Qwetu Sacco, says that the Sacco changed his life for the better. The retired primary school teacher acquired a loan of Ksh2.5 million from Qwetu Sacco which he used to build a modern permanent house…
More than 12,500 farmers are expected to double their harvests once the first phase of the Lower Nzoia Irrigation project is completed as they will be able to do two seasons of rice a year. Irrigation Principal Secretary (PS) Ephantus Kimotho said farmers will get enough water by gravity when the Ksh3.8 billion project is…
All Cooperatives will in future become federations and subscribe to an apex body, Kenya Union of Savings and Credit Cooperatives (KUSCCO) Group Managing Director George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. “The economic participation of our business…
Youth in Malindi sub county, Kilifi county have been urged to take advantage of Uwezo Fund to boost their businesses. Speaking to Sacco Review, Malindi sub county Youth Development Officer Mtana Mwahunga urged the youth to form groups to enable them to access the Fund to expand their businesses. “The Fund will help address the issue…
Wholesale and Retail Sector Education and Training Authority (WRSETA) in partnership with Zetech University are training over 100 SMEs from South Africa on networking, marketing, customer care, and food safety regulations among other business-oriented skills. South Africa’s High Commissioner to Kenya Mninwa Johannes Mahlangu said the skills will empower the SMEs to grow their country’s…
Sweet potato farmers from Kuria in Migori County have expressed concern over the reducing prices of the crop. Led by Joyce Maroa, the farmers urged the government to chip in and help them get good prices for their produce. They blamed the county government for not completing the construction of the potato processing factory in…
Bungoma county leaders have urged the youth in the region to embrace hass avocado farming as an alternative source of income. Speaking during the official opening of Sisi Village produce demonstration centre for hass avocado and bee keeping projects in Kanduyi constituency, area MP John Makali and his Bumula counterpart Jack Wamboka urged locals to…
Experts and other stakeholders in the cooperative movement have been challenged to offer professional guidance on prudent financial management to start-up groups to ensure such units mature to Saccos and Cooperatives. Former Commissioner of Cooperatives Geoffrey Njang’ombe argued that when well equipped with skills and funds management skills, the groups have the potential of expanding…
Amica Sacco Chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will boost Sacco portfolios and also improve their financial status. He lamented that payment of civil servants and entrepreneurs exclusively through banks was alienating Saccos from the national payment…
