Category: Uncategorized
Kenya ranks high in global Sacco rankings, tops Africa
By Azael Masese Kenya’s Savings and Credit Cooperative Societies (Saccos) sub-sector is among the most attractive globally according to the World Council of Credit Unions Statistical Report, 2021. Out of 118 member states, Kenya emerged among the top ten in deposits and shares, asset base, loan book, membership, and the number of credit unions and…
Dairy farmers urged to irrigate farms, stop relying on rains
By John Majau Dairy farmers have been urged to stop relying on rain for farming and to instead embrace irrigation. Meru Dairy Union CEO Mr. Kennedy Gitonga asked farmers to start thinking of irrigation since farmers in areas like Netherlands, Israel and USA do not rely on rainfall. “Our farmers should emulate this by using…
Fortune Sacco FC rehabilitates alcoholic youth
By Munene Kamau Fortune Sacco FC from Kirinyaga County which got an automatic promotion to the National Supper League a few months ago will now start using the Wanguru International stadium for practice and national engagements . This fortunate development has come about after a weekend presidential directive that this team which has done proud to the county be…
Maize farmers urge govt to review produce prices
By Our Reporter Maize farmers from the North Rift region have urged the Government to announce the new prices of maize and buy the commodity from them. The farmers, from West Pokot and Trans-Nzoia Counties, lamented that they are being exploited by middlemen and brokers who buy maize from them at throw away prices despite…
Sacco links Nakuru farmers to potential markets
By Peter Otuoro Over 5000 farmers in Nakuru County have been linked to their potential markets with the assistance of Vision Afrika Sacco to enable them sell their produce at a reasonable price. Vision Africa Sacco Marketing Manager Jane Mbinya said that the sacco has decided to initiate that program because of the problem faced by…
Costly construction materials thorn in flesh for housing projects
By Felix Wanderi Property developers of mega housing projects have decried high taxation of construction materials which have made affordable housing projects a pipedream. Speaking during the Safaricom Investment Co-operative (SIC) groundbreaking ceremony for the Ksh 750 million 450 Miran Residence in Ruaka, Kiambu county, SIC Chairman Peter Gichangi urged the government to subsidize the…
Parents borrowing more and more to send their children to school
Parents risk debt to fund school fees By Pascal Mwandambo The other day I was loitering around Mavumbi town, with little to do, just waiting for something to unfold so that I could get something to write home about. I crossed a corner popularly referred to as Kijiweni where all the forlorn souls in the…
Sector reforms to balance performance of agricultural Cooperatives
By Azael Masese Agriculture-based deposit-taking Saccos have expressed optimism that reforms in the agriculture sector remain critical in improving their performances. The CEOs of these Saccos mostly agree that it is only reforms that would improve crop yields, hence assure farmers of having enough to eat and sell the surplus to generate income. Kenya…
Coffee farmers to benefit from new subsidy on inputs
By John Majau Coffee farmers agonizing over the high prices of inputs such as fertilizer and pesticides can sigh in relief after Outgoing Agriculture Cabinet Secretary Peter Munya announced a subsidy programme. Speaking in Meru during the launch of the programme at the Gitoro Agricultural Society of Kenya (ASK) showground, the CS said registered coffee…
SASRA reports increased Sacco membership amid dormancy reduction
By David Kipkorir The Savings and Credit Co-operative Society (Sacco) membership in the country rose from 5.47 million affiliates in 2020 to 5.99 million in 2021, even as dormancy was projected to have dropped from the previous financial year. The Sacco Supervision Annual Report, 2020, shows that out of the total membership of the sub-sector,…
