Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The last couple of weeks, my landlord Makaveli has been a close friend of mine owing to several issues that have been occurring in his life. I call him friend with some hesitation. Though not an enemy, I may pass him as a friend to cope the best way I can or else ship out….
Property developers of mega housing projects have decried the rising cost of building materials, saying it could make realization of affordable housing impossible. Safaricom Investment Co-operative chairman Peter Gichangi said that the government should cushion developers from high increases in the cost of inputs such as steel and cement among others to enable them undertake…
State Department for Cooperatives Principal Secretary Patrick Kilemi has stated that the BT cotton seeds being distributed through Saccos will go a long way in strengthening the cotton value chain in the country. Kilemi added that a vibrant cotton sector will reduce the cost of production per litre of milk and help address the shortage of…
President William Ruto has officially launched the second phase of the Financial Inclusion Fund (Hustler Fund) that targets registered groups. Speaking in Embu town during the 60th Madaraka Day celebrations, the president said the groups can qualify for loans up to millions of shillings. He pointed out that the groups will be used as collaterals…
By Obegi Malack obegimalack@gmail.com Mwalimu National Sacco in partnership with Kenya Mortgage Refinancing Company (KMRC) has unveiled low mortgage loan facilities to give affordable housing to members. The Sacco, which is Africa’s largest Sacco by assets, unveiled the affordable housing loan products at Mwalimu National Towers in Upper hill in a colourful event graced…
By Benedict Ng’etich The Kenya Highlands Sacco management has been consistent in adhering to the prudential ratio requirements set by the regulator SASRA. The chairman of the Supervisory Committee CPA Paul Chirchir, while commending the management for its efforts in managing finances, encouraged them to keep on improving on the savings-to-total assets and on the…
By Peter Otuoro When dairy farmers in Elburgon Ward of Molo Sub- County came together with an idea of collecting milk daily as a group, little did they know that it would one day give birth to a colossal Society with a formal functional structure. It all started in 2009 as a self-help group with…
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…
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…
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…
