The Leading Newspaper for Co-operative Movement in Kenya
By Godfrey Wamalwa. Bungoma Governor Wycliffe Wangamati (pictured) will seek support from the County Assembly members in legislating laws that will seal the loopholes in the Cooperative sector. Speaking during his inauguration, the governor said the laws will unleash the potential within the Cooperative movement in spurring the county’s economic growth. “A major catalyst in…
By Erick Nyayiera Juakali artisans and small scale traders in Siaya County have been urged to join Savings and Credit Co-operative Societies (Saccos) to get easy access to cheap loans.Siaya County Director of Co-operatives, VitalisOkech has said small scale traders can easily accessloans through Saccos compared to commercial banks. He lamented that NyanzaRegion was still…
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 Kamundia Muriithi The youth have been told to join and take loans from Savings and Credit Cooperative Societies (Saccos). Biashara Sacco Marketing Manager, George Njuguna advised the youth from Embu County to join Saccos so that they can qualify for loans. “By joining Saccos, youths can easily access loans to undertake various socio-economic projects,”…
By Kurgat Marindany. The Government has granted mortgage tax relief privileges to the Housing sub-sector so as to encourage its growth and development. Industry, Trade and Co-operatives Cabinet Secretary, Adan Mohamed made the disclosure during the 2017 95th Ushirika Day celebrations. The CS said the grant was caused by a Miscellaneous Amendment Bill and has…
By Erick Nyayiera. Thirty four entrepreneurs from Busia, Siaya and Kisumu counties have been issued with cheques for Sh5.2 million by the Kenya Commercial Bank (KCB) Foundation as start-up capital for their businesses. The beneficiaries of the start-up capital had successfully undergone a three months vocational skills training course at various institutions in their respective…
By Our Reporter. Up to 200 Saccos that are non-compliant with the law will be deregistered, Sacco Review has established. At the top of the list of Saccos that will be struck off societies register are those that have in the last three years not submitted audited annual financial results and therefore are out of…
By Kage Njoroge. Muranga County Dairy farmers are stepping outside the box to turn their farms into Dairy Co-operative societies. Small scale milk producers have come together under Dairy Co-operative societies which have empowered them to address their needs and determine the pricing of their produce. In the last four years, the County Cooperative Director,…
By Felix Wanderi. Kiambu Cooperatives and societies emerged winners in most of the categories in the recent celebrations of Ushirika Day. In the Dairy sector; Githunguri Dairy Farmers Cooperative Society emerged the winner of Best Managed Sacco and the best in value addition, while Kiriita Dairy Farmers Cooperative Society and Limuru Dairy Farmers Cooperative Society…
By Benedicto Ng’etich. Co-operators have slammed the high taxes levied on societies by the National Government. Led by the chairman of Simba Chai Savings Co-operative Society, Engineer Joseph Mitei (pictured), the cooperators complained of the ever increasing National Government taxes that are levied on societies. “We want people who are elected into various political offices…
