Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter The Garissa County Executive of Trade Tourism and Gender, Ugas Adow Jubat has called on all residents to be wary of fake Sacco’s which he said have set base in the county. He advised residents to carry out extensive research about any Sacco before investing their money in them. Jubat said some…
By Amoto Dennis Islamic banks have been urged to be part of Government’s Big Four Agenda. Treasury Permanent Secretary Dr Kamau Thugee said the finance institutions were in a position to facilitate universal healthcare, affordable houses and food security. He said the banks had quality products that can address the issue. The PS was speaking…
Former Taita Taveta County Co-operative Commissioner, Mr. Andrew Mbinga has landed a new job. Mbinga was appointed to act as the new Chief Officer in Taita Taveta Co-operative Development Ministry. Erastus Gonzi has also been promoted to County Director of Co-operatives. By Tsozungu Kombe
By James Wakahiu Police officers have been advised to invest in land which is a safe investment for them as it does not require a lot of time. Thika West OCPD Willy Simba speaking to his officers during an investment sensitisation forum recently said that due to the nature of their work police officers don’t…
By Staff Reporter The Co-operative sector will have two board members sitting on the newly formed Kenya Mortgage Refinance Company (KMRC). The National Co-operative Housing Union (NACHU) Chief Executive Officer (CEO) Mary Mathenge noted the sector had been offered the two slots and that it was happy with the offer so far. Available statistics indicate…
By Staff Reporter A section of the National Co-operatives (NACOS) and the co-operative sector players in general have voiced concerns over lack of a Principal Secretary (PS) in the State Department of Co-operatives. The concerns come weeks after immediate former PS Ali Ismail left office over failure to be re-appointed by President Uhuru Kenyatta when…
By Erick Nyayiera Members of Taraji Sacco in Siaya County are up in arms with the management over continued losses amounting to millions of shillings on a hotel investment over the last three years. The agitated members while speaking during this years’ annual general meeting held in Siaya town, accused the management over what they…
By Our Reporter Frustrations from banks have forced Kisii County contractors to form a saving and credit society. This is to help the 100 members to access money at reasonable interest rate. Most contractors have their equipment confiscated due to unpaid loans. Kisii County Contractors Association chairman Ken Mariera said they have problems with banks…
By Our Reporter Jau Kali business people have formed a saving and credit society to boost their businesses. Mwanyagetinge Sacco, which is registered, will enable the business get cheap financing. Gael Ombiro, one of the Sacco founder members said they will soon recruit qualified accountants to ensure accountability and transparency in execution of its duties….
By Our Reporter Stima Sacco has opened a new branch in Embu town. Sacco’s National Chairman Ken Tarus said they also plan to establish an insurance agency. This is to tap into growing insurance market share. “The Sacco will also re-focus on the energy and allied sectors to grow the loan book,” said Tarus. Stima…
