Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Wesley Ondieki. Fortune Sacco plans to go big on the ICT platform to enhance alternative banking channels mainly mobile and agency banking. Addressing delegates during the Saccos 17th ADM held recently at Rosewam Hotel – Kerugoya, Fortune Sacco chairman, Wilfred Kibaki said that the move will enable the Sacco reach out to recruit more…
By Tsozungu Kombe. Teachers in Taita Taveta County have been urged to patronise Qwetu Sacco to enable it offer quality services to them. Speaking during Qwetu Sacco Annual Delegates Meeting (ADM) held at Tsavo East Galaxy Resort in Voi town recently, Taita Taveta County KNUT Chairman, Phanuel Mwalwala said the Sacco needed their strong support…
Amica Savings and Credit Services will construct a Sh1.2 billion shopping mall in Kenol town, the fastest growing commercial centre along the busy Nairobi-Nyeri highway. The proposed Amica Business Centre (ABC) is set to change the property landscape of the region as the institutions seeks to diversify its revenue stream and improve a return on…
By David Kipkorir. Kenya’s registered 10 Savings and Co-Operative Societies in the Diaspora are doing well, Principal Secretary Ministry of Industry, Trade and Co-operatives, Ali Noor Ismail has said. He said the Government registered two Saccos in the United States of America (USA), two in Qatar and one each in Canada, Germany, France, Swaziland, Nigeria…
By Munene Maina. The Ministry of Industry, Trade and Co-operatives through the State Department of Co-operatives is spearheading key initiatives to improve performance in the Co-operative sector. These include the National Co-Operative Development Policy, which is in final stage, automation of the Co-operatives registration which will be linked to Huduma centres and development of Strategic…
By Azael Masese. Poor leadership and misuse of members’ deposits have been blamed for woes facing most Savings and Credit Cooperative Societies in Nyanza region. South Nyanza Sacco (Sonyaco) Board chair, Mr Roscheus Otete blames the woes facing the Saccos on poor management of new societies. “Financial statements littered with doubtful assets and inability to…
Murithi Kinoti. Capital Sacco which is one of the largest and fastest growing Saccos in Kenya has improved Kilimo Tosha product to boost horticultural farmers’ earnings. Kilimo Tosha is a loan product of the Sacco which advances credit to horticultural farmers to expand their investments. The farmers repay the loan after selling their horticultural produce…
By Amoto Dennis. Tana River County business people have been urged to form savings and credit Cooperatives to uplift their businesses. Speaking to Sacco Review, Bura legislator Ali Wario said: “Saccos are better in generating savings compared to banks because the business people can access money more easily to bolster businesses” He added that his…
By Our Reporter. Garissa Travellers Sacco has challenged the County Government to repair the road between Garissa town and Masalani to ease transportation of both passengers and goods. “We incur a lot of costs in maintenance of buses due to tear and wear of vehicles. These costs force us to charge high fares,” said Osman…
By staff reporter. South Nyanza Teachers (Sonyaco) Sacco plans to open a common bond to attract membership from other professionals to strengthen the society. Those targeted include the Early Childhood Development and Education (ECDE) teachers employed by Homa Bay County Government. Others earmarked for the exercise include Homa Bay County Government employees. Sonyaco Board chair,…
