Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Sammy Chivanga Savings and Credit Co-operative Societies (Saccos) are expected to emerge the biggest winners as Co-op Bank of Kenya Board recommended a Sh1 per share dividend amounting to Sh.5.86 billion, where Saccos are in line to receive Sh.3.79 billion from the amount. With this year’s dividend payment, Kenyan co-operatives through Co-op Holdings will…
By Enock Kipturgut The County Government of Baringo has launched incubators and backup generators worth Shs 3 million to benefit nine co-operative societies drawn from Kabarnet Ward. The move is aimed at enhancing poultry production. One incubator accommodates 1056 eggs per hatchery. The benefitting cooperative societies include Soramoi, Kimoso, Seguton, Kiboino, Kapchepterit, Kokwomoi, Kaperterot, Jekame…
By Boniface Mulu Kitui Teachers Savings and Credit Cooperative Society Limited chairman Reverend Augustus Munuve has revealed that the Sacco’s education and training programmes are meant to enable the Sacco to fulfill its statutory obligations. Speaking during this year’s Annual Member Education Day organized by the society at Ithookwe primary school in Kitui Central District,…
By Pascal Mwandambo The other day, I told you about the unfortunate incident where disgruntled market traders attacked us as we were leaving a town planning committee meeting. I had accepted the offer to serve as the secretary of the committee with the hopes of making an extra buck and in doing so, overlooked the…
By PASCAL Mwandambo Ever sinceNectar began the process of acquiring a loan from a local women micro finance organisation, I have been hanging around her to ensure that not only the process is concluded successively but also that she does not make mistakes that could cost both of us dearly especially at this time when…
Fredrick Odiero The Kisumu County Government has called upon youths who are engaged in various enterprises to form Savings and Credit Cooperative Societies (SACCOS) in order to advance their activities. The Director of Co-operatives, Trade and Enterprise Susan Kanga said Saccos when formed will ensure youths borrow credit and other facilities from the government. Addressing youth…
By Cally Imbayi Fish farmers in the Lake Region Economic Bloc(LREB) which include Kakamega, Kisumu, Siaya, Kisii, Bungoma, Busia, Bomet, Vihiga, Migori, Homabay, Trans-Nzoia, Nyamira,Kericho and Nandi will have ease in storing, processing and selling their fish as a fish processing plant is opened in Kakamega. The Kakamega County Fish Processing Factory that was commissioned…
By Malachi Motano David Obonyo has become the new Co-operative Commissioner replacing Geoffrey Njang’ombe who is set to retire later this year after an illustrious career in civil service spanning to over 32 years. Njang’ombe succeeded Didacus Ityeng’ who was appointed under acting capacity as Commissioner in 2019, which he held the position for…
By Malachi Motano Stima Sacco has partnered with the Kenya Mortgage Refinance Company (KMRC) to offer low-cost home purchase loans to its 14,000 members, most of who are drawn from the energy sector. The sacco will now offer the mortgages at 9 percent per annum on a reducing balance for members in formal employment. Those…
By Malachi Motano Co-operative Alliance of Kenya (CAK) has organised training on taxation, cybercrime risks and preventions for leaders and general Co-operatives stakeholder to help reduce the rising criminal activities brought about by the fast changing technology. “It has been a year since Kenya registered the first case of Covid-19. The news changed how we…
