The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Saccos are among financial institutions that have defaulted on repayment of Youth Enterprise Development Funds (YEDF). National Assembly Special Funds Accounts committee led by South Imenti MP Kathuri Murungi has directed the fund’s CEO Josiah Moriasi to recover all the interests, penalties and full principal amounts. Appearing before the committee Moriasi said…
By Our Reporter County Government of Nakuru is determined to support the co-==operative movement for positive growth. The County Co-operative Director Naftali Omari said that they are looking forward to celebrate 96th International Co-operative Day locally called Ushirika Day. The day will be marked on July 7, this year. He said members of cooperative movement…
By Benedict Ngetich Most of the local savings and credit societies are cautiously piloting the new trends of mobile technology which come with a myriad of challenges. From the big societies to those still struggling with recruitment of members, the trend is to venture into mobile banking, this despite the menace of Cyber Crime rearing…
Former Taita Taveta County Co-operative Commissioner, Mr. Andrew Mbinga has landed a new job. Mbinga was appointed to act as the new Chief Officer in Taita Taveta Co-operative Development Ministry. Erastus Gonzi has also been promoted to County Director of Co-operatives. By Tsozungu Kombe
By Our Reporter Safaricom Sacco Chief Executive Officer Dr George Ochiri (pictured) has resigned. In a notice to members signed by Sacco Chairman Collins Ogutu and Vice-chairlady Josephine Ndambuki, Mrs Cynthia Naisisiae has been appointed the acting CEO. Naisisiae has been Safaricom Sacco’s General Manager. Ochiri had served the Sacco for seven years growing it…
By James Wakahiu Police officers have been advised to invest in land which is a safe investment for them as it does not require a lot of time. Thika West OCPD Willy Simba speaking to his officers during an investment sensitisation forum recently said that due to the nature of their work police officers don’t…
By Staff Reporter The Co-operative sector will have two board members sitting on the newly formed Kenya Mortgage Refinance Company (KMRC). The National Co-operative Housing Union (NACHU) Chief Executive Officer (CEO) Mary Mathenge noted the sector had been offered the two slots and that it was happy with the offer so far. Available statistics indicate…
By Staff Reporter A section of the National Co-operatives (NACOS) and the co-operative sector players in general have voiced concerns over lack of a Principal Secretary (PS) in the State Department of Co-operatives. The concerns come weeks after immediate former PS Ali Ismail left office over failure to be re-appointed by President Uhuru Kenyatta when…
By Erick Nyayiera Members of Taraji Sacco in Siaya County are up in arms with the management over continued losses amounting to millions of shillings on a hotel investment over the last three years. The agitated members while speaking during this years’ annual general meeting held in Siaya town, accused the management over what they…
