August 17, 2022

Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

Over 50 sacco officials trained on financial management

Nyamawih Charo, Kwale County Co-op Director


By Tsozungu Kombe.

More than officials from nine newly registered Saccos in Kwale County recently underwent training on financial management.
The two-day induction course was conducted by the Kwale County Government to enable them manage their Saccos in a more effective and efficient manner.
Kwale County Government Trade and Cooperatives Director, Mr. Nyamawih Charo urged Sacco officials in the region to exercise a high degree of transparency, accountability, integrity and honesty.
He said the County Government will continue to support saccos in the area to enable them offer quality services to members and the general public.
“The County Government sets aside funds annually to conduct capacity building seminars for saccos in the region to enable them carry out their undertakings in a more effective way”, Charo explained.
The director however said that poor governance and misappropriation of funds by top Sacco officials has led to the collapse of many Saccos in the county.
Mr. Charo asked Saccos Boards of Directors to work as a team in order to achieve remarkable developments in their respective co-operative societies.
He advised members in the county to patronise their saccos.
The director said that the County Government will set aside a revolving fund which would be availed to Saccos to boost their activities.
Meanwhile, all sacco members in the county have been urged to embrace Lipa na Mpesa facility to enhance efficiency.
An official from Safaricom Limited in charge of South Coast region, Mr. Kelvin Songa said that the Lipa na Mpesa Services eases cash transactions.
“The Lipa na Mpesa service is free of charge,” he told the sacco officials who attended the two-day induction course.