Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By John Majau A worldwide coffee roasting company, Illy Caffe Spa, has shown interest in buying coffee from Meru County. The company’s coffee buyer, Stefano Scanferla, recently visited Meru County Coffee Millers Co-operative Union (MCCMCU) for a fact finding mission. MCCMCU is the only coffee union licensed to mill coffee and market at the same…
By Erick Nyayiera Siaya County government is seeking to formulate a legislation that will legalize the production, sale and consumption of chang’aa. According to the County’s Executive Committee member for Enterprise and Industrial development Jaoko Oburu, they have already established a liquor directorate that is currently checking on the required standards before they can legalize…
By Andanje Wakhungu The County Government of Kakamega will spend over Sh 380 million in the purchase and distribution of subsidized maize and fertilizer to farmers. Deputy Governor Professor Philip Kutima stated that it was time the county started looking for alternative sources of income apart from the maize and cane farming. “We have already…
Sacco paid dividends at 4% this year while interest on deposits at 5.5% this year. By Jackson Okoth A change in its executive suite, which saw the recruitment of a new Chief Executive Officer as well as Head of Finance, Investment and Strategy, combined with surgical spending cuts, is finally paying off for the giant…
By Erick Nyayiera Individuals who are self-employed in Siaya County have been encouraged to embrace the culture of saving for retirement as a security measure for their old age. According to Retirement Benefit Authority (RBA) Cooperate Communication Manager Rose Kwena, those in self-employment should ensure they join the various private and occupational pension schemes to…
By Godfrey Wamalwa Anglican Church of Kenya Katakwa Diocese Women Sacco became the 100th to be registered in Busia County following the partnership between the County Government and Busia Women representative Florence Mutua. Mutua who presided over the launch in Amagoro recently pledged Sh500, 000 from the Affirmative Action Fund to help in kick-starting the…
By Calistus Imbayi Kakamega Rural Roads Workers (KRRW) Sacco Ltd is one of the fast-growing financial institutions in Kakamega County, having set its goals and focused on steadily scaling the heights to the top most position. The society’s income target projection for the year 2018 is Sh6, 580,000, with an average monthly income of Sh520.000….
By Our Reporter Unaitas Sacco, which recently opened its 25th branch in Kisumu city, is eying to become a fully-fledged commercial bank. Unaitas Chairman Joseph Kabugu said the institution has invested Sh700 million on infrastructure upgrade in readiness for commercial banking. “We are ready to go, even if the licence was to be granted today….
By Talarus Chesang Baringo coffee farmers have opposed ongoing plans to relocate a multi-million coffee factory from Katimok Forest in Baringo North to Koibatek Agricultural Training Centre (ATC) in Eldama-Ravine. Residents put on the spot the County Governor Stanley Kiptis over earmarked relocation of the Sh100 million-worth coffee factory. “Construction of the modern Coffee Milling…
By Munene Maina Delay in remittance of loan repayment deductions by the National and County governments is causing headache for Sacco bosses. This has seen the growth rate of non-performing loans (NPLs) for most Saccos derailing growth in their businesses. New Sacco Societies Regulatory Authority (SASRA) survey also indicated some governmental institutions particularly public universities,…
