Category: Uncategorized
The man who shaped cooperative movement in Kilifi
Kilifi County boasts of having many cooperative societies thanks to Morris Mangi, who is credited to the proliferation of cooperatives in the region having planted the seed over three decades ago. Mangi initiated the formation of Kilifi Multipurpose Cooperative Society, now called Magarini Sand and Harvesting Cooperative Society, in 1990. He also formed Malindi Biashara…
Review Coffee Cherry regulations to benefit farmers
The turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by New KPCU, a state corporation, elicited mixed reactions from those expected to benefit from the proposed interventions. A cursory assessment shows that the uptake of this facility remains way below expectations despite frantic efforts being made by industry players. I…
Stima Sacco opens new branch at Electricity House, Nairobi
Stima DT Sacco has opened a new branch at Electricity House along Harambee Avenue in Nairobi to bring quality products and services closer to the people. Speaking during the launch, Stima Sacco National Chairman Albert Mugo described the opening of the branch as a significant step towards accomplishing the Sacco’s 2019-2023 strategic plan which incorporates…
Time for cooperatives to engage more professionals
Human resource practices, both individual and organizational, play an integral role in the growth or failure of any organization. It’s important to note that human actions are the greatest contributor towards any organization’s success and this is a key area that can’t be ignored in the cooperative sector. In Kenya today we have cooperatives that…
Wife’s ravenous appetite brings down Makaveli’s chicken business
The last couple of weeks, my landlord Makaveli has been a close friend of mine owing to several issues that have been occurring in his life. I call him friend with some hesitation. Though not an enemy, I may pass him as a friend to cope the best way I can or else ship out….
Developers warn State over tax hikes on affordable housing plan
Property developers of mega housing projects have decried the rising cost of building materials, saying it could make realization of affordable housing impossible. Safaricom Investment Co-operative chairman Peter Gichangi said that the government should cushion developers from high increases in the cost of inputs such as steel and cement among others to enable them undertake…
Saccos will help strengthen cotton value chain, Kilemi says
State Department for Cooperatives Principal Secretary Patrick Kilemi has stated that the BT cotton seeds being distributed through Saccos will go a long way in strengthening the cotton value chain in the country. Kilemi added that a vibrant cotton sector will reduce the cost of production per litre of milk and help address the shortage of…
Ruto launches second phase of Hustler Fund targeting registered groups
President William Ruto has officially launched the second phase of the Financial Inclusion Fund (Hustler Fund) that targets registered groups. Speaking in Embu town during the 60th Madaraka Day celebrations, the president said the groups can qualify for loans up to millions of shillings. He pointed out that the groups will be used as collaterals…
Mwalimu National Sacco, KMRC partner to unveil cheap mortgage loan facilities
By Obegi Malack obegimalack@gmail.com Mwalimu National Sacco in partnership with Kenya Mortgage Refinancing Company (KMRC) has unveiled low mortgage loan facilities to give affordable housing to members. The Sacco, which is Africa’s largest Sacco by assets, unveiled the affordable housing loan products at Mwalimu National Towers in Upper hill in a colourful event graced…
Sacco reports good prudential ratios
By Benedict Ng’etich The Kenya Highlands Sacco management has been consistent in adhering to the prudential ratio requirements set by the regulator SASRA. The chairman of the Supervisory Committee CPA Paul Chirchir, while commending the management for its efforts in managing finances, encouraged them to keep on improving on the savings-to-total assets and on the…
