Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter The agriculture sector is at risk of lowered productivity if the Government does not revert to zero-rated pesticides, according to Evelyn Lusenaka, Chief Executive Officer of the Agrochemical Association of Kenya (AAK). The organization has opposed the introduction of 16% VAT on pesticides saying the new tax will raise operations costs for…
By John Majau Tharaka-Nithi Deputy Governor Francis Kagwima has urged the youth in the area to form or join registered groups in order to benefit financially from the Government and donor funding. He said only registered youth groups will benefit from donor, national and county governments funding. Speaking to leaders at Ntunyai market, Kagwima said…
By Boniface Mulu The Chairman of the Kitui Horticultural Farmers Savings and Credit Cooperative Society Limited David Matheka has announced that the society’s share capital stands at Sh3.5 million. He said the society plans to raise the share capital to Sh10 million by the year 2020 and increase its membership to 500. Matheka said currently…
By Asa Maina Housing co-operatives have been urged to focus and broaden to outreach individual members so that they can join the corporate ownership of houses and improve the quality of their homes. The Chairman Nyeri County International Co-operative Alliance (ICA) celebrations committee Newton Nderitu said high interest charged on mortgages have made it difficult…
By Our Reporter The fight over a storey building-Sonyaco Plaza in Homa Bay town has escalated after two splinter groups renewed their acrimony over its management. The building is owned by members of Southern Nyanza Co-operative Society (Sonyaco). Trouble started in 1993 when the Sacco administration collapsed leaving members of Sonyaco Saving and Credit Co-operative…
By Amoto Dennis AFC Leopards Sacco has partnered with an insurance company to offer health cover to members. The Sacco Chairman Maurice Osundwa said the health cover of Sh200, 000 will also cover spouses and children. “This will bring an end to frequent fundraising for our members,” Osundwa noted. Devolution CS Eugene Wamalwa was present…
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…
