Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Staff Reporter The Sacco Societies Regulatory Authority (SASRA) withdrew the licenses of four deposit-taking Saccos by close of December 2021. Effectively, the four are barred from conducting deposit-taking business in 2022. Affected Saccos are Nyamira Tea Sacco Society Ltd, Uchongaji Sacco Society Ltd, Nanyuki Equator Sacco Society Ltd and Comoco Sacco Society Ltd. SASRA…
By Kevin Odera/ Roy Hezron Kenya’s savings and credit co-operative (Sacco) sub-sector has recorded a growth in its asset base to reach Ksh 807.11 billion in 2021, the recently released the Sacco Society Regulatory Authority (SASRA) report has shown. According to the country’s Sacco regulator, the sub-sector total asset base increased from Kshs 734.22 billion…
By Musyoka Kaleti County Cooperative societies have urged the government to consider channeling the social protection funds for the aged through Saccos to make it easy for them to access their funds. This was said by Diana Wawira Mbogo, Chief Executive Officer of Daima Sacco Society during this year’s 100th Ushirika Day celebrations at Kangaru…
By Pascal Mwandambo Concerns have been raised over the large number of dormant Cooperative societies in Taita-Taveta County. Addressing members during the County Cooperative leaders’ meeting at Dan Mwazo Hall in Voi town, acting county Cooperative Commissioner Erastus Gonzi said out of the 210 Co-op societies, only 98 were active. “Stakeholders in the cooperative sector…
By Kamau Njoroge The Deputy Inspector General (DIG) of Police Edward Njoroge Mbugua has urged Kenyans to join the Kenya National Police Deposit Taking Sacco for their economic prosperity. The DIG said membership to the Sacco is not limited to police officers and their families but open to all Kenyans. He noted that the Sacco…
By Musyoka Kaleti The University of Embu students offered a one day free Drug and Substance Abuse Sensitization Programme for Boda Boda Operators to ensure the sector is free from drugs. The programme themed ‘Soba boda for a safe ride’ which brought together stakeholders from National Police Service (NPS), National Authority for the Campaign Against Alcohol…
By Agnes Orang’o Two suspected thieves have been killed by an irate mob in Mitaboni, Kathiani sub county of Machakos county. The two were among 13 suspected thieves who broke into Kithima Farmers Co-operative Society in a bid to steal coffee. According to witnesses, the gang armed with crude weapons raided the factory and tied…
By Malachi Motano Michael Ochieng and his partner Esther Omcheni co-own Afritech, a print media investment which has been in the industry since 1997. The couple share about the sweet journey they have walked with Universal Traders Sacco (UTS) since they became members three years ago, more so during the Covid-19 pandemic. “I came to…
By Ben Oroko The liberalization of the coffee sub-sector in the country continues posing a serious sustainability threat to the primary coffee co-operative societies across the country, following smallholder farmers hawking their coffee beans to middle-men and dealers instead of delivering the same to their primary co-operative societies. What started as a bubble in the cup of coffee turned…
By Our Reporter Coffee farmers in Ukambani have been all smiles after they got the good news that they will be able to sell their coffee directly to a buyer from South Korea without going through brokerage. Kwa Mating’i Farmers Cooperative Society chairman James Mwovi said that the plan was beneficial because the farmers will be…
