Coops hailed as key economic drivers

By Kage Njoroge. The future economic prosperity of Muranga County will rely on the co-operative sector, Governor Mwangi wa Iria has said. The governor said the region’s wealth can be attributed to its cooperative societies, fueled by its enterprising and growing membership. Speaking during the 2017 Ushirika Day celebrations at Ihura Stadium in the county,…

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Kiambu Co-ops scoop awards

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…

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Sugarcane Co-ops appeal for tax waiver

By Benedicto Tirop. Sugarcane Savings and Co-operatives Societies (Saccos) leaders have urged Kericho County Government to waive cess levied on their earnings to enable the sector compete effectively in availing financial aid to Kenyans. Led by the Chairman, Joash Korir, members of Chepkoinik Cooperative Society said the County should scrap the collection of Sh15,000 per…

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Mosop youths to benefit from NYS Sacco

By Our Reporter. At least 900 youth in Mosop Constituency of Nandi have been enlisted to undertake civil works under the National Youth Service (NYS) Kazi Kwa Vijana Programme. The programme will see the youths save their funds in Savings and Credit Co-Operative Societies (SACCOs) in partnership with the Ministry of Tourism and Cooperative Development….

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Saccos realized over Sh 1.2bn turnover in 2016

By Tsozungu Kombe. A big number of registered Savings and Credit Cooperative Societies (Saccos) in Kilifi County earned a remarkable turnover of over KSh 1.2 billion in 2016 According to Kilifi County Cooperative Commissioner, Mary Mkare, the 243 registered Cooperative societies in the County have a membership of 95,818 with turnover of some of the…

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Over 200 Saccos in Kilifi registered

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….

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Draft Bill disastrous,says Rift Valley Kussco boss

By Kephas Ayiecha The Government’s plan to amalgamate financial institutions through the draft Finance Authority Bill of 2016 should be rejected as members will have to tighten their belts since the future will be uncertain. Kenya Union of Sacco Societies (KUSCCO) Rift Valley chairman, Robert Owino told Sacco Reveiw that if passed, the Bill will…

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Why Saccos are critical for the unbanked population

By David Kipkorir. As the country celebrates 95th International Co-operative Day, (locally known as Ushirika Day) on July 1, 2017, Savings and Credit Co-operative Societies (Saccos) continue to play an important role in uplifting lives by providing financial services to many disadvantaged Kenyans as espoused in Vision 2030. Vision 2030 blue print recognizes Sacco societies…

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