Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Asa Maina Biashara Sacco was the first among business Saccos that paid the highest dividends on shares and highest interest rates on deposits during Nyeri’s Ushirika Day celebrations. The Sacco paid out dividends at a rate of 18 per cent on shares to its members and a 13 per cent interest rate on deposit…
By Staff Reporter Equity Bank has signed a deal to buy the teachers -owned Spire Bank and inherit over 20,000 depositors and 3,700 loan customers by November 2022. Mwalimu National bought the cash strapped Spire Bank for KSh2.4 billion from business mogul Naushad Merali in 2015. Unlike in common buyouts where Equity Bank would be…
By Shichangi Richard Kakamega County celebrated this year’s world Cooperative Day with speakers making passionate calls to the Sacco management to focus on improving the lives of their members. Speaking during the occasion, chief guest Recheal Okumu underscored the need of Sacco management to invest in human resources so that they can have managers who are…
By Peter Otuoro 33 cooperative societies in Nakuru County were awarded for their big contribution to the cooperative movement during a colourful Ushirika Day celebrations in Kunste Hotel in Nakuru City. Nakuru Governor Lee Kinyajui who was the chief guest thanked all Cooperatives for their resilience even in the hard economic times engineered by the…
By Erick Nyayiera Calls for the establishment of a Cooperative training institute dominated the Kisumu County Ushirika Day celebrations as various rural Saccos underscored its importance in helping improve the performance of the sector. Kisumu County Ushirika chairman Edward Matoke, while addressing the celebrations, noted that the institute will be pivotal in training of Sacco…
By Achola Mathews Bungoma County Saccos have been urged to fast track the implementation and use of digital infrastructure by accepting to be hosted by Kibabii University Cooperative Society (KUCS), which has procured a large platform. Addressing officials and members drawn from various Societies from Bungoma South Sub-county at Posta grounds during the international Cooperatives…
By Azael MaseseThe expectations of Kenyans for the 14 th parliament in the cooperative movement haveskyrocketed owing to President Elect William Ruto’s campaign of uplifting the economic andsocial welfare of Kenyans through boosting the cooperative sector which encourages savingsand credit taking for engagement in income generating activitiesWith the election of Former Bungoma Senator Moses Wetangula…
By Talarus Chesang Baringo coffee farmers now can smile all the way to the bank to earn a whopping Sh.28 million after exporting their first consignment of coffee to Korea. More than 200 farmers drawn from 27 groups converged at the Katimok Coffee Factory in Baringo North to receive their dues recently. “Since I started…
By Roy Hezron The proposed co-operative law will enhance management of co-operatives in the country, the Kenya Society of Professional Co-operators (KSPC) chairperson and Co-operative University of Kenya Deputy Vice Chancellor Prof. Esther Gicheru have said. Addressing Co-operative leaders in the larger Eastern region at Embu Hall in Embu County, Prof. Gicheru noted the Co-operative…
By Andrew Walyaula Waliaulaandrew0@gmail.com The High Court has ordered for the immediate removal of Ramana Rao as Mumias Sugar company receiver- manager. In his ruling, Justice Alfred Mabeya said that Rao hadn’t complied with the court order that required him to call a creditor meeting to affirm the total amount owed by the company. The…
