The Leading Newspaper for Co-operative Movement in Kenya
By Stephen Makabila. The new Commissioner for Co-operative Development, Mary Mungai, has spelled out her four major priorities for the sector’s transformation, strongly indicating it will not be business as usual for the sector. “I intend to bring positive change for the sector’s development, not to add up to the statistics of those who have…
By Ken Langat. A world class Sacco, Ndege Chai Ltd posted significant growth last year despite battling to adjust to various challenges, such as the new credit regulations barriers, unfavourable weather dictates including market parameters that seemed to have dogged most of its members. Sacco members had no options but to swallow bitter pills when…
By Kamundia Muriithi. Winas Savings And Credit Co-Operative Society Limited, formally Embu Teachers Sacco Limited is among Societies that weathered a difficult economic climate, to post impressive results. The Society, with an asset base of Sh3.4 billion, recorded an increase in income to Sh 611 million in the year ended 31st December 2016 compared to…
By Wesley Ken. Solution Sacco Limited reported exponential growth in the year ended 31st December, 2016. This is amid challenges and stiff competition in the Financial Environment. This impressive performance is a culmination of prudent management, provision of market driven products, seminars, excellent customer service and rigorous marketing. Total assets shot up from about Sh2.9…
By Peter K. Angore. Imarika SACCO once again held a memorable end of year get together to award best savers in respect to Malaika Junior Savings account holders. Malaika Junior Savings a/c is a product for children aged 18 years and below. The ceremony was held at the Reef Hotel for all children with accounts…
The County Government is formulating a legal policy framework to accelerate the growth of the Cooperative activities in the region. Governor Ranguma revealed that the County Government in collaboration with the Co-operative Alliance of Kenya is at advance stages of developing a Cooperative Society Bill. In a speech read on his behalf by the County…
By Jackson Okoth The National Treasury has indicated that it has set aside an undisclosed amount of money to be used in setting up an inter-lending facility for Savings and Credit Co-operative Societies (Saccos). However, its move to create what will be known as a Central Finance Fund (CFF) is being frustrated by the slow…
By Ken Langat. Kenya Highland Sacco Ltd has completed the purchase of the building housing Standard Chartered Bank in Kericho town at a cost of Sh105 million and unveiled a multi-million shilling upgrade plan. The Standard Chartered Bank Building is sandwiched between KCB Bank and Barclays Bank Kenya along the busy Kericho-Kisumu highway. During this…
By Stephen Makabila. The Director of the Institute for Co-operative Development at Co-operative University of Kenya (CUK), Professor Esther Gicheru is on the list of personalities within the Co-operative movement who received State commendation. She was awarded Order of the Golden Warrior (OGW) by President Uhuru Kenyatta. Others in this roll of honour who have…
Goodway Sacco has started a bodaboda loan scheme for the youths aimed at enabling them acquire bodabodas to start income generating activities. Targeted are those who are been employees of other bodaboda owners. The repayment for the loan is Sh200 per day. The beneficiaries must be in a group of at least three operators or…
