Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Felix Wanderi Property developers of mega housing projects have decried high taxation of construction materials which have made affordable housing projects a pipedream. Speaking during the Safaricom Investment Co-operative (SIC) groundbreaking ceremony for the Ksh 750 million 450 Miran Residence in Ruaka, Kiambu county, SIC Chairman Peter Gichangi urged the government to subsidize the…
Parents risk debt to fund school fees By Pascal Mwandambo The other day I was loitering around Mavumbi town, with little to do, just waiting for something to unfold so that I could get something to write home about. I crossed a corner popularly referred to as Kijiweni where all the forlorn souls in the…
By Azael Masese Agriculture-based deposit-taking Saccos have expressed optimism that reforms in the agriculture sector remain critical in improving their performances. The CEOs of these Saccos mostly agree that it is only reforms that would improve crop yields, hence assure farmers of having enough to eat and sell the surplus to generate income. Kenya…
By John Majau Coffee farmers agonizing over the high prices of inputs such as fertilizer and pesticides can sigh in relief after Outgoing Agriculture Cabinet Secretary Peter Munya announced a subsidy programme. Speaking in Meru during the launch of the programme at the Gitoro Agricultural Society of Kenya (ASK) showground, the CS said registered coffee…
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,…
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…
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…
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…
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…
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…
