Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Felix Ochieng has a well cut-out vision on Siraji Sacco’s growth plan. When you meet him, the Chief Executive Officer is crisp, precise and articulate on the strategic development plan for the Sacco he has headed for the last nine years. Clad in black suit, a striped shirt and a matching tie,…
By Munene Maina Cosmopolitan Sacco intends to open four additional satellite offices in an effort to take services closer to members. The Sacco has five branches namely Nakuru, Naivasha, Bahati, Molo and Narok. In 2016, the society paid members Sh296 million dividends and interest, a growth of 21 per cent increase from the year 2015….
Midlands Mr Charles Mutai is the new Midlands Sacco board chair, taking over from Mr Wesley Korir. Based in Bomet County, Midlands has a membership of over 18,000 and Mutai is expected to play a vital role in increasing the number, giving a figure of 1,000 as their yearly target.
Deputy Governor Wesley Rotich of Elgeyo Marakwet County is one of the personalities in the co-operative movement who has joined politics. Rotich served in the County Department of Tourism, Trade, Co-operatives and Energy as a Director incharge of Co-operatives. He is credited with initiating a revival plan of dormant Co-operative Societies in Elgeyo Marakwet which…
By Johnston Kieti Farmers in need of loans in Samburu County have found relief after Agricultural Finance Corporation (AFC) reopened its branch in Maralal town. The branch collapsed in 1992 after farmers failed to repay loans within the required time. Speaking during a re-opening ceremony, AFC’s Head of Operations Millicent Omukaga said the new branch…
By Jacky Soy Small-scale tea growers supplying their produce to Rorok Tea Factory in Konoin have petitioned the members of Bomet County Assembly to pass a motion compelling Kenya Tea Development Authority (KTDA) to separate them with farmers from Kapset Tea Factory. The farmers who have boycotted plucking tea for some days said they want…
By Peter Changtoek Members of a youth Sacco in Kiserian have protested over a move by the officials to relocate the Saccos’s offices. The National Youth Service Sacco members, who demonstrated in the streets of Kiserian, stormed the new offices located at Baraka Business Centre and demanded that the officials refund their money. They accused…
By Alfred Kimosop Top Sacco Societies in Baringo , Boresha Sacco and Skyline have been hailed for embracing the spirit of co-operative movement in the county. Speaking during Tugen Hills Farmers Field Day held recently at Katimok, Baringo North, Chairman, Eric Bargorett said the two saccos have supported farmers with loans. He said continued support…
By Benedicto Ng’etich The Chairman of Simba Chai Savings Co-operative Society Engineer Joseph Mitei has complained of the high rate of taxation directed at co-operative societies in the country. He said co-operatives should come together and lobby legislators to formulate laws which are friendly to saccos. “We want people elected into various political offices to…
