Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Obegi Malack obegimalack @gmail.com Magadi Road Zone Online Drivers Association chairperson Julius Nyambok has urged online drivers to join Saccos. Nyambok said the drivers will expand their businesses if they work together and put their money in their Sacco. “The Sacco will empower you to have your own taxi, for those who get hired,…
By Benedict Ngetich The national government through the State Department of Youth Affairs has disbursed over Ksh 8 million to Bureti sub-county youth groups to spur entrepreneurship and economic growth. The 106 groups drawn from different locations within the area received cheques of between Ksh 50,000 to Ksh 400,000. Speaking in his office, Bureti sub-county…
By Sacco Review Reporter Elgeyo Marakwet governor, Wisley Rotich has ordered for the immediate re-=deployment of 20 Co-operative Officers to the county wards in a bid to jump start the cooperative movement. Mr. Rotich said that he was fufilling his campaign pledge under the Huduma Mashinani programme where he plans to improve the cooperative movement in the…
By Roy Hezron The one time vibrant Moi University Savings and Credit Cooperative Society (MUSCO) is now on its deathbed. The Sacco’s MUSCO Towers, a commercial building in Eldoret town, will forever bring back painful memories to the thousands of Sacco members who are not sure whether they will ever recover their hard earned cash…
By Peter Otuoro Nakuru county tourism stakeholders have urged Governor Susan Kihika to increase funds allocated for the industry in order to bolster tourism in the county. Led by Nakuru County Tourism Association Chairperson David Mwangi, the stakeholders said that Tourism had been undermined by the previous county government by being allocated the least budgetary allocation despite its significant role in improving the…
By Peter Otuoro Nakuru Governor Susan Kihika has said Cooperative societies in Nakuru County will get Ksh1 billion every year to boost their economic activities. Speaking at Nakuru ASK Showground during her inauguration as new county boss, she said her government will support all Cooperative societies within Nakuru and ensure they actively contribute to the…
By Wasike Elvis Uasin Gishu governor Jonathan Bii now says his administration will increase the Cooperative fund through a hustler kitty, a move that echoes the national administration’s bottom-up economics. He said this will ensure that many people who are in groups benefit. “As a county, we have a standalone Cooperative ministry and my government…
By Peter Otuoro National Council of Churches of Kenya (NCCK), has trained transport sector Sacco leaders in Nakuru County on the importance of peace and cohesion. NCCK South Rift Acting Regional Manager David Njuguna said it is only through peace that all transport sector Saccos can operate successfully and yield good returns. Addressing matatu and…
By Asa Maina Unison Sacco has introduced the Golden Plan, a retirement saving plan that will see members save a minimum of Shs 200 monthly, withdrawable upon retirement. The Sacco’s chairman James Muhandi revealed that upon retirement, the depositor will determine whether to receive the money as a lump sum amount or in monthly installments….
By Dennis Bett Giant Baringo-based Boresha Sacco’s active membership hit 71,088 by the year ending December 31, 2021, up from 60,656 in 2020; a clear indicator of rising fortunes of the vibrant society. Speaking during a recent education day for members at Sacco headquarters in Eldama Ravine, Sacco CEO Jacob Mengich said there was an…
