Uncategorized

South-Rift Sacco members dwindle as multinationals lay off staff

By Benedicto Ng’etich                          Kericho County Director of Cooperatives Leonard Otii has advised Saccos affiliated to giant multinationals to device other means of survival in the face of dwindling membership. Otii expressed fear over the survival of the societies after the parent companies started early retirements of employees due to what has been seen as the negative effects of massive mechanization ...

Read More »

CS Munya urged to reinstate Moi University Sacco license

By Wasike Elvis and Rosemil Oduor Uasin Gishu County Executive Committee Member in charge of Cooperatives and Enterprise Development, Esther Mutai, has urged the government to consider revoking the cancellation of Moi University Sacco. She noted it was wrong for the State Department of Cooperatives to revoke the license without following the due procedure. She said that a commission of ...

Read More »

Youth, women urged to join Saccos

By Tsozungu Kombe Youth and women in Kilifi County have been urged to join Saccos to improve on their economic status. Speaking to Sacco Review in Kilifi town recently, County Cooperative director, James Mwasi said that negative attitudes towards has denied the groups social and economic empowerment. He urged residents to join Saccos saying they are the best vehicles of ...

Read More »

New Bill to better miraa farmers’ fortune

By John Majau Meru County Assembly has passed a motion that will enable the county government to set aside funds to support miraa farming. The motion moved by Naathu MCA Samuel Mutura intends to mainstream activities to add value to the county’s cash crop. The three sub-counties: Igembe North, Igembe South and Tigania East are largely dependent on miraa farming. ...

Read More »

Kiambu Support Saccos, Sossion urges teachers

By Felix Wanderi Kenya National Union of Teachers (KNUT) Secretary-General, Wilson Sossion has called upon teachers to support Saccos as they have a huge impact on their economic stability. He was speaking in Kiambu town during the annual general meeting of KNUT Kiambu East branch, where he told the teachers to be loyal to their Saccos. He was reacting to ...

Read More »

Co-operative sector receives Sh 4.6bn

By Jackson Okoth The State Department for Co-op­eratives has received increased fund­ing in the financial year 2019/2020, to enable it finalize review of the Na­tional Cooperative Policy, Coopera­tive Societies Act and provide support for the coffee and dairy industry. The Department is expected to build capacity of County Govern­ments to ensure it handles the Co-op­eratives docket, which has since been ...

Read More »

Fish traders urged to form Sacco

By Washington Okellah Fish traders from Port Victoria town in Budalangi constituency have been urged to form co-operatives that would enable them to access development loans. Speaking after launching a 14 seater Nissan van bought by Maningo Sacco members recently, area MP Raphael Wanjala said Saccos are the bridges that lead to wealth. He lauded the Sacco leadership led by ...

Read More »

Saccos urged to go big on ICT

By Collins Akong’o Saccos in Mombasa County have been urged to seriously embrace information and communication technology in order to enhance efficiency in service delivery. County Co-operatives Director, Nelson Nyoro said technology was the surest way of offering quality services. He was speaking during Tramom Sacco recent annual general meeting. The Sacco supervising committee chairlady Iman shee noted that the ...

Read More »

Counties urged to support cooperatives

By Wasike Elvis Uasin Gishu County Cooperatives and Enterprise Development Executive Esther Mutai has challenged counties to support the cooperative movement. Speaking in Eldoret town recently, Mutai said this is the only way the country’s economic growth would be propelled to greater heights and subsequently empower the locals. “We should embrace the culture of saving through joining cooperative societies,” she ...

Read More »

Why there is need of uniform legislation to regulate co-operatives

By Erick Nyayiera There is need for a uniform legislation to help manage the operations and management of co-operative societies. Kisumu County Co-operatives Commissioner Zephaniah Osok has observed that whereas the co-operative movement was fully devolved, counties have demonstrated lack of capacity to initiate and oversee improvement in the key sector. He opined that a uniform legislation would compel the ...

Read More »