Category: Uncategorized
Embu County partners with ABSA Bank to boost women businesses
By Kamundia Muriithi Businesses run by women in Embu County will receive a boost through an initiative by the Absa Bank, the County Government of Embu, the Kenya National Chamber of Commerce and Industry Inter- county Mentorship forums. The initiative will target women in business and sensitize them to tap the opportunities offered by the…
Sacco To scale up its branch network
By Our Reporter The first Savings and Credit Cooperative (Sacco) based on Islamic interest-free principles is to increase its branch network across the country to reach more Kenyans. Taqwa Sacco is keen to entice the large unbanked population to grow its financial muscle “By offering front office services, we are in a better position to…
Boost as diaspora remittances hit Sh34b -CBK
By Malachi Motano The Central Bank of Kenya (CBK), in its weekly markets bulletin recently reported that remittance inflows increased by 22.3 per cent to Sh34 billion ($315.8 million) as at May 2021, compared to $258.2 million in the same period last year, attributed to the higher flows from the US and Saudi Arabia. The…
Saccos urged to embrace all sectors of the economy
By Malachi Motano Savings and Credit Cooperative Societies (Saccos) must now tap into all sectors of the economy following the government’s budget for the 2021/22 fiscal year. According to the Director of Cooperatives Banking Division at the Cooperative Bank Vincent Marangu, the country has opened up now and is witnessing many business activities opening up…
Sacco diary:Shifting the buttons
By Malachi Motano Everyday comes with its new challenges and opportunities. in the corporate world, the smart ones always get greener pastures as companies aim higher. The Sacco sector is not left behind, Sacco Review brings to you the monthly update on who? moved to where? in the Kenya’s Sacco sector KETSA gets new chairman…
Members of Magombe Multi Purpose Cooperative Society Receive Modern Rice Harvesing Machine
By Gilbert Ochieng. For the past fifty years since the first rice crop was planted and harvested in 1969, the rice farmers at Bunyala rice scheme have been incurring huge losses amounting to millions of shillings as a result of the old fashioned manual harvesting method that had culminated into the spillage of rice during…
Milestones in co-operatives from last year
By Malachi Motano The cooperative sector in Kenya celebrates several milestones recorded in the last one year despite many factors that challenged the economic environment including drought, locust outbreaks crowned by Covid -19 pandemic. Cooperative Commissioner Geoffrey Njang’ombe gave the exclusive highlights to Sacco Review as the country join the rest in the world in…
State to revive coffee cooperatives
By Roy Hezron The government is planning to inject over Sh20 billion to revive the country’s coffee sector for the next four years. The biggest beneficiaries of revitalisation plan will be farmers in the Coffee Cooperatives. The revitalisation project which was launched in April 2020 by the Cabinet Secretary for Agriculture, Livestock, Fisheries and Cooperatives…
Making housing schemes affordable, gov’t urged
By Kamundia Muriithi Owning a home is a dream that many Kenyans harbour, but few actualise it due to the associated high costs of constructing houses. In recent times, housing cooperatives have sprung up in different parts of the country to empower ambitious Kenyans acquire decent, modern houses through homeownership plans. Coupled with the government’s…
Water vendors prosper through Sacco
By Martin Ruto Life was bleak for Erickson Omwamba when he discontinued his pursuit for secondary school education due to lack of fees. His parents left Nyanchwa area, Kisii County in in 1989 in search for greener pastures and settled in Saboti, Trans-Nzoia County where Erickson completed his class eight education. “I studied at Nyanchwa…
