Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By John Majau Meru County Government has launched an aflatoxin testing laboratory at Kinoru Dispensary to area residents from consuming the fungal toxins. Aflatoxin is feared to be one of the causes of increased cancer cases in the region and the country at large. The lab was launched five years after a study done by…
By John Majau Agriculture CS Peter Munya has urged farmers to take coffee to the New Kenya Planters Cooperative Union (KPCU). He said the government has enforced new regulations for the benefit of farmers to seal loopholes that existed before. He warned farmers that they will only have themselves to blame if they take their…
By Asa Maina Four-year-old Nyeri South Traders Sacco paid a dividend of 10% in 2020, an increase from eight percent in 2019. The Sacco chairman Joseph Wanjohi said it had also paid out a dividend of 10% in 2017 and but the payout declined to 4% in 2018. Speaking during its fourth Annual General Meeting…
By Roy Hezron The Co-operative Sector Baseline Survey report released recently revealed that Nairobi County has the highest number of dormant co-operative societies in the country. A total of 5,723 co-operatives were found to be dormant with Nairobi having1,459, while Mombasa and Kisumu had 425 and 417 dormant co-operatives. The counties with the least number…
By Roy Hezron Cooperative societies raised a total of 13 million to the Co-operative Coronavirus Response Committee (CCRC) to fight the Covid-19 pandemic. The committee was constituted by the Department of Co-operatives to cushion vulnerable members in the co-operatives sector who were heavily affected by the pandemic. Speaking to Sacco Review, Commissioner for Co-operatives Mr….
By Roy Hezron Murang’a County Governor Mwangi wa Iria says he will soon establish a co-operative society for hawkers. The Governor said they have started recruiting members and so far 30,000 hawkers and small-traders have registered as members of Wachuuzi Cooperative Society. He said the county government is coming up with a law which will…
By Malachi Motano Kikuyu based Ndetika Rural Sacco Ltd (NRS) has launched an E-Banking App, an additional product to an array of services it offers members and customers. The society says the new product will be handy in improving support and services to its customers which also improve efficiency to its clientele. The Sacco unveiled…
By Malachi Motano Sacco leaders call for introduction of stiffer penalties against public entity heads who do not remit Sh3.8 billion deducted from workers’ salaries. According to Kenya Union of Savings and Credit Co-operatives (Kuscco) group Managing Director George Ototo, the stern measures will deter a trend where universities, county governments, water companies and fresh…
By Malachi Motano Savings and credit cooperatives societies (Sacco) will have to focus more on diversification to create wealth for their members in 2021. According to the Industry players, the sector is grappling with loan re-structuring to pick up business in the continued wake of Covid -19 pandemic, as members expect their hopeful returns popular…
My Malachi Motano Kenya Police savings and credit cooperative (Sacco) society limited has re-branded to Kenya National Police Deposit Taking (DT) Sacco society limited to reflect the changing environment landscape.
