Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Makoma Musyoka. The Mukamukuu Farmers’ Co-operative Society in Matungulu Sub-county, will use Sh5 million to renovate Macmillan Castle, the colonial era residence of Lord Macmillan into a museum and tourist site. Addressing the society’s members at his farewell party, the chairman George Mutiso, who is eyeing the Kyeleni seat on a Narc ticket, said…
By Dennis Bett. Elgeyo Marakwet County residents owning land in arid sections of Kerio Valley have been urged to invest in groundnut farming to boost their income. The farmers have also been advised to form a sacco to enable them save and obtain loans to improve their livelihoods. Speaking to Sacco Review in his office,…
By Murithi Kinoti. The Dairy section of the Nyambene Arimi Sacco will soon operate as a separate entity completely free from the Sacco. The move is aimed at boosting the dairy section’s operation. The Dairy section will have all its assets separated from those of the Sacco within the course of this year, according to…
By Kamundia Muriithi. Embu farmers have been urged to embrace mixed farming to increase earnings. The call was made by Kimbu Wendo Group chairlady, Niceta Rwamba when she addressed members on the group in Gitare area. Driven by a collective zeal to reap decent profits from their small parcels of lands, about 40 folks in…
By Boniface Mulu. Kitui County Trade, Industry, ICT and Cooperatives Development Minister, Jonna Mwinzi (pictured) has lauded Kitui-based Best Rock Savings and Credit Cooperative Society saying it has the potential to become a major market leader. Mwinzi who was the chief guest said with the trend at which the Sacco is growing will soon be…
By Kiptanui Rutto. The Meru-based giant Imenti Sacco, has recorded a 20 per cent increase in Turnover from Sh 33.8 million in 2015 to Sh 40.6 million at close of financial year ended 31st December, 2016. The Society which boasts of over 4,700 members in Meru County also recorded an increase in its Share Capital…
By Jackson Okoth. The list of Deposit-Taking Savings and Credit Co-operative Societies (Saccos) that are planning or have already set up their own insurance agency business is getting longer by the day. On their sights are millions of shillings in premiums paid out to insurance companies by clients keen to have covers against various risks….
By Jackson Okoth and Stephen Makabila. The Government has launched a massive inspection of Co-operatives countrywide in an effort to rein in errant Saccos and directors who violate regulations governing the sector. And as the impromptu inspections gain momentum, the new Commissioner for Co-operative Development, Mary Mungai has sounded a stern warning to the entire…
