Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Munene Maina. Nakuru County Government has embarked on an ambitious strategy to strengthen farmer’s co-operatives and boost Agricultural sector. Speaking to Sacco Review in his office, Nakuru Co-operatives Director Patrick Mak’Anyengo said strong societies for farmers will ensure they get good returns from their activities. “Agriculture sector plays a big role in our county…
By Kiptanui Rutto. Sheria Sacco Society recently carried out trainingfor its members in order to meet its Strategic Plan and to attain its vision of being the best provider of quality services to members. The massive member education programme is not only aimed at creating awareness about its products and services but also increase membership,…
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…
