Saccos ordered to produce audit reports

By Erick Nyayiera Kisumu County Government’s department of co-operative development has ordered all cooperative societies in the region to produce audit reports or risk punitive action. County Executive Committee Member in charge Business, Industrialization and Energy Alice Moraa deplored a tendency adopted by Saccos where they produce doctored audited reports that do not depict the…

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Seek cheap loans from giant Saccos, small co-ops advised

By Erick Nyayiera Small co-operatives operating in Nyanza and Western region have been urged to consider exploiting loaning facilities from the giant Sacco organisations to maximise productivity. Western regional Chairman Ushuru Sacco Owuor Awuor regretted that most Saccos in the western and Nyanza region have suffered exploitation from the commercial banks who charge huge interests…

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Co-operatives told to comply with regulation laws

By Wasike Elvis Co-operatives in Uasin Gishu County have been challenged to ensure that they comply with Co-operatives and Societies Act to avoid being deregistered. Speaking recently after meeting the leaders from various cooperatives, County Executive Committee Member in charge of Co-operatives and Enterprise Development Esther Mutai  said that all co-operatives in the County must…

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Buy shares to boost Saccos, residents told

By Our Reporter Bunyala Sub-county Co-operative Officer Fred Odalo has told Busia County residents to increase their co-operatives’ shares to improve their Sacco’s financial status. Odalo said the Government was strict in ensuring no managers were running Saccos down. He also urged co-operators to stay alert and report any suspicious activities in their co-operatives. He…

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