Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Former State Department for Cooperatives Principal Secretary Ali Noor Ismail is a happy man. He says that the cooperative sector achieved a lot during his tenure. “I was appointed as the PS under the Jubilee Government in Labour and later on at the State Department for Cooperatives in 2015,” he says. He had a short…
Products and services are the lifeblood of Saccos hence investing in them is crucial to business growth and profitability. Saccos most often come up with new products due to changes in member preference, increasing competition, advances in technology or to capitalize on new opportunities. Innovative cooperatives thrive by understanding their members’ wants, making smart product…
By David Kipkorir Savings and Credit Co-operatives (Saccos) have been urged to turn their institutions into neobanks (online banks without traditional physical branch networks). Cynthia Wandia, the Chief Executive Officer (CEO) and Co-founder of Kwara Limited recently said that turning Saccos into neobanks will help them deal with industry challenges and build new customer bases….
By Malachi Motano Covid -19 pandemic disrupted a lot of operations across many sectors of the economy and Sacco sector was one such industry. To understand how the pandemic really affected the Saccos space in Kenya, the volatility, lessons learnt and remedies to adopt to caution future disruptions, Cynthia Wandia, core founder and CEO of…
By Rosemil Oduor Maureen Njoroge is among the five credit union professionals from four different countries awarded scholarship by the World Council of Young Credit Union Professionals (WYCUP). The scholarship includes an all-expense paid trip to Los Angeles for the 2020 World Credit Union Conference. The WYCUP Scholarship programme is open to nominees who are 35…
By James Wakahiu Real estate stakeholders in Kiambu County have lauded the move to digitize all the land records. They said this will make it easy for Kenyans to acquire their title deeds within a short period. According to the Wezesha Real Estate Company Director John Mwanu, technology in the lands registries will fasten searches…
By Isaac Lenkou The Kajiado County Government has disclosed that over 41,000 people have joined Co-operatives in the last three years. The Societies transaction total business worth Sh 470 million. “I commend efforts undertaken by Co-operatives to improve the livelihood of people in Kajiado County,” said Paul Ntiati, Deputy Governor, Kajiado County during the 94th…
By Jackson Okoth Boresha Sacco Society Limited with its headquarters in Eldama Ravine has begun selling shares to its members. The Society aims to raise a minimum of Sh500 million but has set a maximum target of Sh1 billion, depending on the response of its members. The exercise is aimed at raising share capital, develop…
By Ken Ondieki Going by Kirinyaga Butchers Sacco Chairman, Christopher Muthigani, butchers are the most trusted people in the world. He is a firm believer in this and firmly believes that the only way for his Sacco is up. Thus, the Sacco’s prospects will soon hit the skies. The Sacco scooped the Rural Sacco with…
By Wasike Elvis Farmers in Uasin Gishu County who are members of cooperative societies will soon get fertilizer at a cheap price after a fertilizer production plant starts operations soon. Japan based Toyota Tshusho Company is setting up a Sh1.2 Billion fertilizer plant at Ngeria, and is set to start production early next month (August)….
