Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Peter Otuoro Kenya Union of Savings and Credit Cooperatives (KUSCCO) has encouraged Cooperative Societies to have a long-term strategic plan to act as a gateway to the development of Cooperative societies in Rift Valley. Rift Valley KUSCCO Manager Stephen Makori said the strategic plans will enable them improve on their strengths and opportunities as…
By Asa Maina Nyeri governor Mutahi Kahiga wants the next government to review Cooperative laws, saying the current ones have been causing confusion in the running of societies. He spoke during the 100th International Cooperative Day celebrations in Nyeri town whose theme was ‘Co-operatives Build a Better World’. Kahiga said the laws have grey areas…
By Peter OtuoroFormer Nakuru Governor Lee Kinyanjui has urged youths in Nakuru County to join Cooperative societies to empower themselves and llive better lives.“We urge our youths to join cooperative societies for purposes of investment for a better future,” saidthe governor.Speaking during Nakuru County’s Ushirika Day celebrations held in Kuntse Hotel and attended byhundreds of…
By David Kipkorir Saccos that have been weakened by an economic slump due to Covid-19 pandemic are being urged to consider mergers as a way to strengthen their books and allow them to compete more effectively in the changing industry landscape. Jamii Sacco Chief Executive Officer (CEO) Daniel Achieng’ said stronger capital would make it…
By Tsozungu Kombe Malindi and Magarini sub-counties in Kilifi County have 108 registered Cooperative Societies with a combined membership of 27,381, Sacco Review has learnt. Speaking in her office in Malindi town recently, Malindi and Magarini Sub-county Cooperative Officer Mrs. Felister Moraa Ziro those Societies have a total assets base of Ksh425,267,776 and a turnover…
By Agnes Orang’o Kwa Mating’i Farmers Cooperative Society chairman James Mwovi has urged the county government to consider including the coffee sub-sector in its annual budget and set aside funds for it. This, he said, will help farmers get back to their feet and invest more in coffee since they have gained a ready market…
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…
