Category: Uncategorized
SASRA reports increased Sacco membership amid dormancy reduction
By David Kipkorir The Savings and Credit Co-operative Society (Sacco) membership in the country rose from 5.47 million affiliates in 2020 to 5.99 million in 2021, even as dormancy was projected to have dropped from the previous financial year. The Sacco Supervision Annual Report, 2020, shows that out of the total membership of the sub-sector,…
Geoffrey Njang’ombe: Calm giant who has never pocketed a bribe
By Robert Nyagah Mr Geoffrey Njang’ombe, former Commissioner of Cooperatives, has a unique demeanour; polite, cool and collected. Yet behind the tranquility of mien is a tough uncompromising personality, but not in the usual sense of intense outlook commanded by senior corporate gentlemen and ladies. His amiability goes beyond common etiquette, transcending even the wiles…
Land, housing the new craze for Sacco borrowers
By David kipkorir The highest proportion of loans advanced by Saccos in 2021 went toward the land and housing sectors of the economy, which accounted for 26.98 per cent of the total credit facilities advanced, a Supervision Annual Report 2021 by Savings and Credit Co-operative Societies (Saccos) shows. The report also depicts the education sector…
How to deliver influential speeches
By Victor Ochieng’ In a book titled Talk like TED, Carmine Gallo identifies three components of an inspiring presentation:emotionality, novelty and memorability. Emotionality means that the speech touches the heart, not just the mind. Noveltyimplies that the talk teaches something new. Memorability means that the speaker presents the content in a way that the audience…
Miraa sector rebounds as farmers bank deposits rise
By John Majau The miraa sub-sector has shown signs of recovery from the two-year ban in Somalia, signalled by the increased deposits farmers make at Saccos and other banking institutions. According to Mr Titus Munjuri, Dhabiti Savings and Credit Cooperative Society’s chief executive, farmers’ deposits had risen by about 15 per cent over the past…
Police Sacco open for amalgamation, Sacco boss says
By Sacco Review Reporter Kenya National Police DT Sacco Board Chair David Mategwa has expressed the Sacco’s commitment to work with any struggling Sacco. Mategwa said police Sacco is willing to take over the struggling Sacco’s liabilities and assets to enable the members enjoy unrivalled services and products. “The merger will be seamless to ensure…
Kericho governor promises to boost county’s agricultural sector
By Benedict Ngetich Kericho county governor Dr Erick Mutai has promised to solve a myriad of challenges facing the agricultural sector in the region so as to boost and enhance agricultural benefits. The governor said he will use the following strategies: insure crops to reduce vulnerabilities of farmers to climatic change and market volatility, employ…
Relief for farmers as Govt starts distribution of subsidized fertilizer
By Mutuvi Janet Farmers in the country are expected to receive subsidized fertilizer after the new government delivered them to the National Cereal and Produce Board (NCPB) for distribution. “Over Ksh. 3.55 billion has been set aside to subsidize 1.4 million 50kg bags. The cost of a 50kg bag of Diammonium Phosphate (DAP) – the world’s most used phosphorus fertilizer – which…
Elgeyo-Marakwet DG to sign Cooperative Bill into law
By Wasike Elvis Elgeyo Marakwet Governor Wisley Rotich now says he will sign the cooperative Society Development Bill 2019 into law. Speaking at Iten grounds during the Ushirika Day celebrations, Rotich who was then the Deputy Governor before his election win as County boss, said the bill will ensure more Ward funds are allocated to cooperative…
Cooperative leaders laud creation of Cooperative Ministry by President Ruto
By Sacco Review reporter A policy promise by President William Ruto to create a Cooperative and SME Ministry has been applauded as a step in the right direction. In his inauguration speech on Tuesday at Kasarani, President Ruto announced the creation of the ministry in a clear move aimed at enhancing Kenyans’ living standards. “We…
