Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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,…
By Azael Masese. Stake Sacco Society Ltd members can now apply for loans online, an exercise that seeks to enhance the loan application procedures, the Board chairman Nyamatiko Maroa (pictured) has said. During the 23rd Annual Delegates Meeting (ADM) held at an Isibania hotel, Maroa urged the delegates to sensitize members on the benefits of…
By Kiptanui Rutto. President Uhuru Kenyatta will officiate this year’s Ushirika Day celebrations at Jamhuri Park on 1st July, the Principal Secretary, State Department of Cooperatives, Ministry of Industry, Trade and Cooperative, Ali Noor Ismail has confirmed. In a speech read on his behalf by the Commissioner for Cooperatives, Mary Mungai during the Ushirika Day…
