Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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…
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…
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…
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…
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…
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…
By DOUGLAS DINDI Cash-strapped Kakamega based Wevarsity Sacco has replaced the entire board of directors in a recent elections held despite Covid-19 protocols. About four hundred members gathered at the Masinde Muliro University of Science and Technology Annex Grounds to vote out the executive committee comprising Jason Nganyi (Chairman), Agatha Mbakaya (Vice chair), Rita Shitemi…
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 marking the international…
By Malachi Motano The Kenya Mortgage Refinancing Company (KMRC) disbursed Sh2.75 billion in 2020 to participating primary mortgage lenders (PMLs) in its debut lending since it was established. “That amount was part of Sh4.5 billion mortgage loan portfolios available for immediate refinancing to participating financial institutions. We (KMRC) are drawing down funds from both the…
