Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Erick Nyayiera Farmers in Siaya County have been warned against selling their produce at a throw away price. Siaya Governor Cornel Rasanga has observed that many farmers are likely to sell their produce at a throw away price following the projected bumper harvest this season, and therefore warned them not to do so. He…
By Godfrey Wamalwa Matayos Reality Savings and Credit Co-operative Society is targeting loans from County Enterprise Development Fund (CEDF) and Co-operative Bank to invest in real estates. Addressing the press recently, the Sacco organizing secretary Duncan Kubasu said their short term plans are to build houses and later sell them to members as loans. He…
By Wasike Elvis Co-operatives in Uasin Gishu County have been challenged to ensure that they comply with Co-operatives and Societies Act to avoid being deregistered. Speaking recently after meeting the leaders from various cooperatives, County Executive Committee Member in charge of Co-operatives and Enterprise Development Esther Mutai said that all co-operatives in the County must…
By Munene Maina The demand for inter-lending among co-operative societies ranks high, but procedural steps in making the process smooth remains a hurdle. This is despite some Saccos controlling huge balance sheets more than even tier-three banks that they can loan at cheap interest rates to other sector players compared to more expensive sources such…
By Dennis Bett The county government of Elgeyo Marakwet has partnered with Non-Governmental Organizations to add value to milk, honey and tomatoes. Through the partnership, farmers and businesspeople will be mobilized to join cooperative societies. The county government has started reviving dormant cooperatives by injecting funds to strengthen their operations to benefit famers through value…
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…
