Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Private school-based Savings and Cooperative Societies (Saccos) in Mombasa County have been greatly affected by the Covid-19 pandemic. Mombasa County Cooperative Commissioner Nelson Nyoro attributed this to the closure of schools that took effect when the first case of Corona virus was reported in he country. He added that the situation has…
By Boniface Mulu The management of the Kitui based Savings and Credit Cooperative Society Limited has paid a total of 1,480,508 shillings dividends to approximately 500 members online. Normally, the society pays dividends to the members during their annual general meeting (AGM) that is usually held in April yearly but the Sacco could not hold…
By Felix Wanderi Kiambu County coffee co-operative societies have now come together under one association in a bid to resurrect the sector. The 22 societies came together to form Kiambu County Coffee Farmers Association so as to foyer the government support for coffee production, processing and marketing. Kiambu County Governor James Nyoro said the move…
Bungoma County Government is set to revive the dormant co-operative societies in the region. Stella Mutsotso, the Chief Officer in charge of Co-operatives urged farmers to join co-operative societies in order to empower themselves economically. “If our farmers join co-operative societies, they will get better returns of their agricultural produce based on their bargaining power….
By Tsozungu Kombe Women Saccos in Lamu County have received a boost of Sh 11 million to enhance their activities. The money was raised during a fundraiser held recently. The county has also registered four youth Saccos according to the area Cooperative Auditor Nickson Baya. Speaking to Sacco Review in his office, Baya urged youth…
By Asa Maina Mwenji Catholic Parish in the Archdiocese of Nyeri is in the process of starting a foundation to help pay fees for needy learners in the society. Parish priest Benson Kiboi said the kitty will cater for the fees of learners struggling to pay both in secondary schools and higher learning institutions in…
By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the institution started in 2013 is on the verge of collapsing owing to liquidity challenges. The Sacco Board of Directors Secretary John Gakure informed members that…
“We must embrace technology and be careful that we deploy the best technology that will not attract loses or prone to cyberattacks,” said Mandago.
By Joyce Wambui A deal has been approved by the County Assembly of Murang’a and an Italian firm allowing five corporative societies to sell their produce in Italy. This was after a research tour was conducted and the corporative societies’ management signed a memorandum of understanding with Ibarico Sri Italy. The farmers’ societies include: Thikagiki,…
By Kamundia Muriithi Embu County has developed a new law to govern operations of cooperative societies. The County Cooperative Societies Bill 2019, spearheaded by the agriculture committee chaired by Rev Elizabeth Kivai, seeks to establish a legal framework relating to the formation, registration, promotion, development and regulation of cooperative societies. The Bill was drafted by…
