Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina High rate of gambling is affecting members’ savings trend in many saving and credit co-operatives countrywide. CIC Insurance Group Chief Executive Officer, Tom Gitogo said the ongoing inquiry into gambling licences is analysing whether the ban on gaming on credit needs to be stricter to combat over indebtedness as a result of…
By John Majau The County Government of Meru has raised the red flag against poorly performing coffee societies making losses and threatened to close them for being a liability to farmers. The Government has also put on notice societies producing less than 5,000 kilogrammes of coffee annually saying they will be merged to form strong…
Co-operatives societies are highly relevant and important in the realisation of President Uhuru Kenyatta’s Big Four development agenda. Affordable housing is one item on the agenda that Uhuru has focused on in his final term in office. The others are manufacturing, universal healthcare and food security and nutrition. If harnessed, the experience and capacity of…
By Wasike Elvis Uasin Gishu County Government through the Ministry of Cooperative Enterprise Development is poised to ensure that people in co-operatives are empowered financially through giving loans. According to the CEC in charge of Co-operative Development Esther Mutai Sh315 million has been set aside to be disbursed to Co-operatives societies in form of loans…
By Munene Maina Barely amonth after National Coffee Co-operative Union (NACCU) affirmed its support for Coffee Sub-sector Implementation Committee led by Prof. Joseph Kieya, Kericho Coffee Co-operative Societies have called for its disbandment. The societies said a fresh committee should be constituted to include farmers’ representation and coffee experts to ensure sustainable and profitable coffee…
By Our Reporter Tired of exploitations by middlemen sweet potatoes farmers in Migori County have joined hands to form a cooperative society to improve their earnings from their sweat. For a long period the farmers have sold their produce at low prices to brokers ending up living a miserable life. They now believe their woes…
By Titus Murithi Nyambene Arimi Sacco members can now access their funds any time courtesy of Automated Teller Machines (ATM) which have been installed at all the Sacco branches. This financial service was a fulfilled pledge which had been promised to members during last year’s (2017) AGM. Also members will be alerted by their mobile…
Titus Murithi Co-operative stakeholders have asked the National Government to put aside proposals affecting Saccos in the current finance bill. Tirus Nyaga, Southern Star Sacco Chairman, said the proposal requiring any bank transfer of Sh500, 000 and above to attract excise duty of 0.05 per cent amounted to double taxation. “The proposal is not good…
By John Majau Meru County Governor Kiraitu Murungi has unveiled a new management board for Kaguru Farmers’ Training Centre (KFTC). The board is meant to ensure that the institution reclaims its lost glory and attains its set development goals. Kiraitu said his Government has allocated the institution Sh10 million for construction of an ultra-modern hall…
By Benedict Ngetich The office of the Kericho Woman Representative has Sh40 million at its disposal for distribution to women groups, co-operatives and for bursaries. Speaking in Chemosot Center of Excellence, the county MP Florence Bore urged those in groups and also individuals to apply for the money. “I am happy to announce at this…
