Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Members of Nyasomo Sacco in Nyahururu who were lured to join new financial institutions opening up branches in the town are now trooping back home. The Sacco whose majority members are subordinate staff in secondary and primary schools had lost members to new competitors coming in the town. “This was a big challenge to us…
By Kage Njoroge. To reposition itself in the competitive market and widen its business operation jurisdiction, Murata Sacco has resolved to rebrand. During its Annual General Meeting recently, Murata delegates and shareholders adopted a proposal to rebrand to Amica Sacco Limited. The names Murata and Amica mean friendship. Addressing the members at the well-attended meeting,…
By Stephen Makabila. The Co-operative sector is poised to witness significant changes in the coming months. For instance, a new policy document that gives a road map on how County Governments and the National Government will manage Co-operatives which is now a devolved function, is to be unveiled before the end of March 2017. The…
By Jackson Okoth The National Treasury has indicated that it has set aside an undisclosed amount of money to be used in setting up an inter-lending facility for Savings and Credit Co-operative Societies (Saccos). However, its move to create what will be known as a Central Finance Fund (CFF) is being frustrated by the slow…
By Ken Langat. Kenya Highland Sacco Ltd has completed the purchase of the building housing Standard Chartered Bank in Kericho town at a cost of Sh105 million and unveiled a multi-million shilling upgrade plan. The Standard Chartered Bank Building is sandwiched between KCB Bank and Barclays Bank Kenya along the busy Kericho-Kisumu highway. During this…
By Stephen Makabila. The Director of the Institute for Co-operative Development at Co-operative University of Kenya (CUK), Professor Esther Gicheru is on the list of personalities within the Co-operative movement who received State commendation. She was awarded Order of the Golden Warrior (OGW) by President Uhuru Kenyatta. Others in this roll of honour who have…
By Wesley Ken. C.S Peter Nyamai, the Mombasa Port Sacco Chairman, is a seasoned Cooperative management guru. Prior to joining Mombasa Port Sacco (MPS) in 2013, Nyamai had held, among others; the position of Vice–Chair at Bandari Sacco. Bandari has been for the Kenya Ports Authority (KPA) employees whereas MPS was for Kenya Cargo Handling…
By Titus Murithi Once they have planted their potatoes, members of Kirimara Potato Growers Group are never unduly worried because a ready market awaits their farm produce the moment they’ve harvested. Planting and spraying is also a walk in the park to them because certified seeds are readily available while chemicals for spraying the potatoes…
By Jackson Okoth. It has perfected the art of donating free branded chairs and tents to be used in almost all occasions in the County from funerals, prize giving days in schools, public functions to weddings and other gatherings. This ingenious marketing strategy has enabled Bingwa Sacco Limited to increase its presence and influence within…
By Dennis Bett. Elgeyo Marakwet Youth Bunge Sacco has embarked on a mission to invest in assets and business generating activities as a way of empowering the youth. Speaking recently in Iten Town during the Annual Delegates Meeting, Chairman Nathan Tanui said that the society had grown its savings from Sh85,000 when it was established…
