Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth. The Sacco Societies Regulatory Authority (SASRA) has extended the license of 11 Deposit-Taking Saccos that have failed to meet set prudential guidelines. The affected Saccos will now be allowed to operate on a temporary license until December this year when the regulator will again review their liquidity, governance and capital adequacy status….
By Munene Maina. Nyandarua Governor, Francis Kimemia has said his administration will support the Cooperatives Bill to ensure Saccos benefit from the same. The governor said this during the official opening of Nyandarua County Assembly. He stated that one of the initiatives that can enable members of cooperatives to benefit from formal financial services is…
By James Wakahiu. Youths in Kenya have been advised to join Sacco movements and invest wisely, a phenomenon which is transforming the lives of many across the globe. Urithi Premier Sacco Chairman, Pius Thuku said many people have bridged the challenge of accessing capital by putting the little they have in a Sacco and then…
By Erick Nyayiera. Kisumu County Government has designed Co-operative Development Policy which will determine the growth path of the Co-operative sector in the region. This comes at a time when the Cooperative movement in the County has shown remarkable growth with the total registered Co-operatives societies standing at 470 and membership at 105,975 compared to…
By Godfrey Wamalwa. Bungoma Governor Wycliffe Wangamati (pictured) will seek support from the County Assembly members in legislating laws that will seal the loopholes in the Cooperative sector. Speaking during his inauguration, the governor said the laws will unleash the potential within the Cooperative movement in spurring the county’s economic growth. “A major catalyst in…
By Erick Nyayiera Juakali artisans and small scale traders in Siaya County have been urged to join Savings and Credit Co-operative Societies (Saccos) to get easy access to cheap loans.Siaya County Director of Co-operatives, VitalisOkech has said small scale traders can easily accessloans through Saccos compared to commercial banks. He lamented that NyanzaRegion was still…
By Our Reporter. Warsan Dairy Cooperative Society in Wajir County loses at least 10,000 litres of milk every month due to poor roads. The society regretted that due to the deplorable state of roads in the rural areas, they incurred heavy loses while delivering milk for processing. Speaking to Sacco Review, the Society‘s Manager, Abdisalam…
By Kurgat Marindany. The Government has granted mortgage tax relief privileges to the Housing sub-sector so as to encourage its growth and development. Industry, Trade and Co-operatives Cabinet Secretary, Adan Mohamed made the disclosure during the 2017 95th Ushirika Day celebrations. The CS said the grant was caused by a Miscellaneous Amendment Bill and has…
By Erick Nyayiera. Thirty four entrepreneurs from Busia, Siaya and Kisumu counties have been issued with cheques for Sh5.2 million by the Kenya Commercial Bank (KCB) Foundation as start-up capital for their businesses. The beneficiaries of the start-up capital had successfully undergone a three months vocational skills training course at various institutions in their respective…
By Kage Njoroge. Muranga County Dairy farmers are stepping outside the box to turn their farms into Dairy Co-operative societies. Small scale milk producers have come together under Dairy Co-operative societies which have empowered them to address their needs and determine the pricing of their produce. In the last four years, the County Cooperative Director,…
