Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Diamond Trust Bank has expanded its operations to Nyandarua County, marking the beginning of a new era of financial services and opportunities to both residents and businesses in the region. Nyandarua Governor Dr. Moses Kiarie Badilisha officiated the opening of the branch in a grand ceremony attended by Cabinet Secretary for Lands, Housing, and Urban…
Horticultural farmers in Nyandarua County have urged the national government to install cooling plants in all sub counties for the preservation of their products before they are transported to major cities like Nairobi and Nakuru. Speaking in Olkalou, the farmers said as a result of the increase in the price of petroleum products, at times…
The Commissioner for Cooperative Development has approved the registration of Trans-Tena Sacco. A letter addressed to the Sacco Chairperson dated September 8, 2023 and signed by Trans Nzoia County Cooperative Officer Edith Watimah stated that the Sacco’s certificate of registration has been duly signed by the Commissioner for Cooperatives who also approved a copy of…
Cooperatives Cabinet Secretary (CS) Simon Chelugui has proposed that Saccos be allowed to clear their cheque books directly as opposed to the current practice of doing it through commercial banks. The CS said Saccos were incurring a lot of expenses when clearing their cheques through commercial banks. “I believe that Saccos will be able to…
Over 100 firms in the real estate sector have formed an association dubbed Real Estate Stakeholders Association to help end the many cases of Kenyans being conned millions of shillings by fraudulent land buying and selling companies. According to Zani Properties Limited chairman Shamton Githere, the association will play a pivotal role in regulating the…
Cooperatives Commissioner David Obonyo has urged the sector to be guided by the values and principles of the cooperative movement in their operations, with a view to standing out from other business models. Obonyo noted that the core mandate of CAK is to ensure cooperatives entrench the principles and values of cooperatives so that its…
Saccos Societies Regulatory Authority (SASRA) has been asked to ensure interests of all members of the 360 Saccos in the country are protected and that adequate revenues are generated. Cabinet Secretary (CS) for Cooperatives and Micro, Small and Medium Enterprises Simon Chelugui asked SASRA’s chief executive (CEO)Peter Njuguna to also ensure that members comply with…
The Agricultural Society of Kenya ( ASK) Kisumu branch has vowed to resist plans by the county government to relocate it to an alternative site. The branch Chairperson George Ongudi said they are yet to discuss such an undertaking with the county government. “Such an idea has never even been brought to our attention by…
KTS, formerly Kitui Teachers Sacco, has invited suitable local constructors for the construction of an office block on plot number LR KYANGWITHYA/TUNGUTU/3892. The minimum and mandatory qualifications include possession of a pre-qualification document, incorporation or registration certificate, valid tax compliance certificate and a recent copy of CR 12. Current registration with the national construction authority…
The exponential growth of some Saccos can aptly be attributed to their decision to open their common bonds to attract persons from outside their original catchment areas. Such moves are welcome as long as they are done in reasonable measures and do not compromise the quality of services offered to members as Saccos embark on…
