Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Enock Kipturgut The County Government of Baringo has launched incubators and backup generators worth Shs 3 million to benefit nine co-operative societies drawn from Kabarnet Ward. The move is aimed at enhancing poultry production. One incubator accommodates 1056 eggs per hatchery. The benefitting cooperative societies include Soramoi, Kimoso, Seguton, Kiboino, Kapchepterit, Kokwomoi, Kaperterot, Jekame…
By Isaac Biwott The Trans Elite County Teacher’s Savings and Credit Cooperative Society in Nandi County is back to its former glory after settling an off-shore loan owed to Oikocredit International. The International micro-finance company of the Netherlands had been approached by the then Nandi teachers Sacco seeking a loan of Sh65 million in a…
By Obegi Malack Women will get grants from the County Government of Kajiado if the proposed Women Empowerment Fund Bill (2021) is enacted into law. The bill which is now at the public participation stage has received overwhelming support from local residents who now want its processing expedited so that they can benefit from the…
