Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina Scenes of distraught hunger-stricken people in some parts of the country are not so rare. Hunger has remained a recurrent problem that the country has struggled to overcome despite measures taken to ensure food security throughout the country. The National Government has in fact made food security one of its Big Four…
By Our Reporter Saccos are among financial institutions that have defaulted on repayment of Youth Enterprise Development Funds (YEDF). National Assembly Special Funds Accounts committee led by South Imenti MP Kathuri Murungi has directed the fund’s CEO Josiah Moriasi to recover all the interests, penalties and full principal amounts. Appearing before the committee Moriasi said…
By Our Reporter County Government of Nakuru is determined to support the co-==operative movement for positive growth. The County Co-operative Director Naftali Omari said that they are looking forward to celebrate 96th International Co-operative Day locally called Ushirika Day. The day will be marked on July 7, this year. He said members of cooperative movement…
By Benedict Ngetich Most of the local savings and credit societies are cautiously piloting the new trends of mobile technology which come with a myriad of challenges. From the big societies to those still struggling with recruitment of members, the trend is to venture into mobile banking, this despite the menace of Cyber Crime rearing…
By Our Reporter Safaricom Sacco Chief Executive Officer Dr George Ochiri (pictured) has resigned. In a notice to members signed by Sacco Chairman Collins Ogutu and Vice-chairlady Josephine Ndambuki, Mrs Cynthia Naisisiae has been appointed the acting CEO. Naisisiae has been Safaricom Sacco’s General Manager. Ochiri had served the Sacco for seven years growing it…
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 Our Reporter Saccos in Kisumu have been urged to participate in county cooperative forums for exchange of ideas and bonding. County Ushirika Council chairman Edward Matoke also said the cooperatives should also work hand in hand with county government to be more productive. He challenged the county cooperatives to have ball games and other…
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…
By Tsozungu Kombe. Some 12 new Saccos in Taita Taveta County have been registered by the Ministry of Co-operative Development. Acting Taita Taveta County Cooperative Commissioner Erastus Gonzi said the new Saccos belong to the youth. He revealed that although only 12 new Saccos have been registered in the area, there was still room for…
By Kese Werugha Kilifi County Co-operative Commissioner Mary Mukare has described Imarika Sacco as one of the fastest growing Sacco in the country. She said that the Sacco which comprises members from all walks of life both in the formal and informal sectors, teachers, farmers, business community and Micro-Small-Enterprises (SME) ,has continued to post impressive…
