The Leading Newspaper for Co-operative Movement in Kenya
By Erick Nyayiera. The Co-operative movement potential in Kisumu County has not been fully exploited, the Chairman of Ushirika Council Kisumu County, Edward Matoke (pictured) has revealed. Matoke said that the parameters that indicate performance of the Co-operative movement in the County had shown that there were a lot of opportunities and advantages that were…
By Our Reporter. Kilifi County has registered over 200 Savings and Credit Co-operatives (Saccos) in the last four years. Speaking during the 2017 Ushiriaka Day celebrations held at Kizurini Secondary School in Kaloleni Sub-county recently, Acting Kilifi County Government Executive Committee Member in-charge of Co-operative Development, Christine Pekeshe said 243 have been registered to date….
By Tsozungu Kombe. Lack of adequate funding is a leading cause of inefficiency and poor performance at Tourist hotels-based Savings and Credit Co-operative Societies (Saccos). Speaking during the 2017 Ushirika Day celebrations held at Kizurini Secondary School in Kaloleni Sub-county recently, Kilifi County Ushirika Day Steering Committee Chairman, Renson Ndoro said that many tourists hotels-based…
By Jackson Okoth. The Sacco Societies Regulatory Authority (SASRA) has extended the license of 11 Deposit-Taking Saccos that have failed to meet set prudential guidelines. The affected Saccos will now be allowed to operate on a temporary license until December this year when the regulator will again review their liquidity, governance and capital adequacy status….
By Munene Maina. Nyandarua Governor, Francis Kimemia has said his administration will support the Cooperatives Bill to ensure Saccos benefit from the same. The governor said this during the official opening of Nyandarua County Assembly. He stated that one of the initiatives that can enable members of cooperatives to benefit from formal financial services is…
By James Wakahiu. Youths in Kenya have been advised to join Sacco movements and invest wisely, a phenomenon which is transforming the lives of many across the globe. Urithi Premier Sacco Chairman, Pius Thuku said many people have bridged the challenge of accessing capital by putting the little they have in a Sacco and then…
By Our Reporter. Warsan Dairy Cooperative Society in Wajir County loses at least 10,000 litres of milk every month due to poor roads. The society regretted that due to the deplorable state of roads in the rural areas, they incurred heavy loses while delivering milk for processing. Speaking to Sacco Review, the Society‘s Manager, Abdisalam…
By Okoth Peter. A total of Sh67 million has been disbursed to 54 Cooperative societies in Busia County, Communication Officer at the County Government, Reuben Olita has said. He said the county had restructured the loans, a move which has benefited Cooperatives. “There are 54 Cooperative societies in the county that need financial support”, said…
By Erick Nyayiera. Kisumu County Government has designed Co-operative Development Policy which will determine the growth path of the Co-operative sector in the region. This comes at a time when the Cooperative movement in the County has shown remarkable growth with the total registered Co-operatives societies standing at 470 and membership at 105,975 compared to…
By John Ochieng. Migori County Government has pledged to support the cooperative movements in the region. Speaking during Ushirika Day celebrations at Migori Primary School, the County’s Lands and Cooperatives Minister, Elizabeth Ochae said the local Government is poised to empower Cooperatives financially to boost the county’s economy. Chairman of Rongo Sub-county Cooperative Society, Peter…
