Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe. Imarika Sacco’s total assets grew by 31 per cent last year compared to 19 per cent in 2015. Imarika Sacco Board Chairman, Renson Ndoro speaking during the Sacco’s Annual Delegates Meeting (ADM) at Travellers Beach Hotel, Mombasa County urged members to increase monthly deposits to enable the society provide more loansat affordable…
By Kiptanui Rutto. Kemfri Sacco recruited more members after opening its common bond to attract more customers. Sacco Chairman, Rashid Anam said the Sacco’s membership rose to more than 3,800 at the close of 2016 Financial Year. “The Sacco plans to ensure there are affordable financial products and services that are ultimately within reach of…
By Munene Maina. Kenyans have been cautioned against joining Savings and Co-operative Societies (Saccos) operating like pyramid schemes which are on the rise in the country. Deputy Co-operative Commissioner, J. K. Mwangi called on co-operators to gather knowledge from their County Co-operative officers before joining the Saccos. He said the new societies are enticing co-operators…
By Munene Maina. Bingwa Sacco plans to open more branches in its campaign to net more members. Sacco Chief Executive Officer, Jane Mugoh said plans were underway to open more branches in Nakuru, Machakos and Mombasa to reach out to more members who are badly in need of their products and services. “Currently, Bingwa Sacco…
Drive nets Sh 102 million By Joseph Mukubwa. Taifa Sacco has announced that its recently closed share drive was oversubscribed having netted Sh102.5 million from its members. The Sacco which was targeting to raise Sh100 million in the promotion dubbed ‘Digitika Na Taifa Sacco Shares Promotion’ surpassed the target by over Sh2 million. The Sacco…
By Titus Wafula. Kakamega Entrepreneurs Sacco (KES) Limited’s membership has grown steadily to more than 400 entrepreneurs with sound businesses since it started in 2002. Having been established with the sole aim of assisting small-scale businesses, the Sacco has over the years expanded to incorporate a larger segment of workers from various organizations. And with…
By Amoto Dennis. The first ever Halal exhibition in Kenya came to a close at the Kenya International Convention Centre (KICC) in Nairobi recently with a call on all Muslims in the country to tap into the Halal conscious markets. Tourism Cabinet Secretary Najib Balala who was the chief guest at the expo which attracted…
By Titus Wafula. Dairy farmers in Mumias East Constituency will start experiencing a massive turnaround in milk production following government’s intervention aimed at preventing losses occasioned by lack of preservative equipment. Mulembe Dairy Co-operative Society (MDCS) has received a Sh25 million 3,200 litre milk cooler from Ministry of Agriculture through Kakamega County Director of Co-operatives,…
By Our Reporter. National Treasury Cabinet Secretary Henry Rotich has appointed a Steering Committee that will establish the Financial Sector Authority (FSA) and oversee the merger of all financial regulatory authorities into one In a Gazette Notice Vol CXVIII No 143, dated November 18, 2016, members of the Steering Committee include Principal Secretary, National Treasury…
By Stephen Makabila. One of the major roles of the newly formed Department of Policy and Research at the State Co-operative headquarters would be roping in the rich diaspora to boost the local co-operatives sector growth in coming years. Principal Secretary for the State Department of Co-operative Development, Ali Ismail Noor recently appointed Stanley Ongeti…
