Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Kamundia Muriithi Winas Sacco has constructed an ultra-modern office building at Kiritiri market centre in Mbeere South which will host its operations starting this year. The rest of the office space will be rented out to the local business community. “This is our first plaza constructed by us since the inception of our great…
By Wesley Ken Solution Sacco Limited has formulated its strategic plan targeting to grow total assets to Sh10 billion by the year 2020. This Strategic Plan focuses on key strategic areas that will steer the Society into greater heights. The overall objective of the strategic plan is to enable the Society be financially stable and…
By Kiptanui Rutto Mhasibu Sacco Chairperson Andrew Bulemi and Treasurer Charles Miricho have once again won the hearts of their members for being re-elected to office in a much hyped elections that attracted 10 contenders. Speaking during the event, a long serving financial coach Patrick Wameyo who was the guest speaker lauded the Sacco board…
By Our Reporter Forty per cent of the population of the Kenyan youth is currently unemployed. This was revealed by chairman of Parliamentary Committee on Trade, Industry and Cooperatives Development Kanini Kega . He said the problem has remained unresolved for many years and is ever growing. Kega was speaking during the official opening of 3rd…
By Tsozungu Kombe Sacco model through members’ savings should be used to source funds to incubate and grow agro-enterprises and boost value addition, Kenya Union of Savings and Credit Co-operatives Managing Director, Mr George Ototo, has said Speaking during the 3rd Annual Sacco Leaders Convention held at Sarova Whitesands Beach Hotel in Mombasa county recently,…
By Munene Maina Saccos are increasingly becoming easy targets for cybercrime, a situation that threatens reputational risk of the sector. The Permanent Secretary in the State Department of Co-operative, Ali Noor said cyber-attack was not new in the co-operative sector This followed revelation by Kenya Union of Savings and Credit Co-operatives Managing Director George Ototo…
By Staff Reporter Kenya Police Sacco Society’s financial performance continued to grow on a positive trajectory. According to the Sacco’s Financial Statement for the year ended December 31st 2017, overall asset base grew by 21 per cent, rising to Sh24.2 billion compared to Sh20 billion that was recorded in 2016. Member deposits grew to about…
By Staff Reporter Savings and Credit Cooperatives Societies (Saccos) have been advised to organize themselves to benefit from the government’s blue print projects. Co-operative Commissioner Mary Mungai identified the Government’s plan to construct one million housing units as one where the players can actively participate. Investing in affordable housing units is part of the government’s…
By James Wakahiu Urithi Housing Co-operative Limited will construct 5,000 housing units this year for its members. Urithi Marketing Director Kevin Manjau Muthuri said the initiative will ensure their members get decent and affordable houses and stop living in rental houses. Muthuri said his society will be complementing the Jubilee’ agenda of providing decent and…
By Kage Njoroge A Co-operative University lecturer, Stanley Miring’u has advised the management of Mentor Sacco to be innovative and provide products which will solve problems affecting the people. Miring’u pointed our that to survive in this highly competitive financial sector Saccos must design products which tackle challenges, needs and problems facing the society to…
