County to revive collapsed Saccos

By Joyce Mong’are. Nyandarua’s Industrialization and Co-operatives Executive Judy Nyambura recently announced plans to revive collapsed cooperative societies in the County. Speaking in OlKalou recently Nyambura noted that 15 societies had already been revived in the last one year and 30 more were lined up for the same. Nyandarua has a turnover of more than…

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Milk coolant for Muguga dairy farmers

By Esther Chesoro. KiambuGovernor William Kabogo recently commissioned a 5000 litrecoolant and milk pasteurizer at Muguga Dairy FarmersCooperative Society in KabeteConstituency. Christened ‘Kiambu County Milk Value Addition Project’, the move is intended to improve the quality of dairy farming from simple milk production to manufacturing of a variety of cheese, yogurt and other dairy products….

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Sacco industry rakes in Sh47.4 billion

By Jackson Okoth. Kenya’s Sacco sector earned Sh40.4 billion as income from loans, Sh 2.3 billion from investments and Sh 4.7 billion as other incomes, raking in a total income of Sh47.4 billion. This is according to The Kenya Financial Sector Stability Report, 2015 prepared jointly by Central Bank of Kenya, Capital Markets Authority, Insurance…

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Saccos urged to embrace IT

By Tsozungu Kombe. Saccos have been urged to embrace Information Communication Technology ( ICT ) in a bid to enhance efficiency and deliver services to members. Alfred Mlolwa, Quetu Sacco chairman and KUSCCO Director for Coast and North Eastern said many Saccos had failed to deliver quality services to members due to lack of ICT…

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Biashara Sacco to open Thika branch

By Joseph Mukubwa. Biashara Sacco is set to open its branch in Thika town. Sacco chairman, Joseph Njamuku said Sacco that has nine branches in Mt Kenya region is set also to expand to other regions in future. Other branches are in Nyeri, Embu and Laikipia counties. “Membership has increased from 48,000 last year to…

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Gakuyo, Ekeza Sacco partner to help members

Gakuyo Real Estate has partnered with Ekeza Sacco to enable its members own homes at a cheaper price and acquire suitable land for farming in Kaloleni, Mavoloni. The company has started plot allocation. Gakuyo Real founder cum Chairman Dr. Kariuki Ngari said the land is good for agri-business especially horticulture farming. He said members will…

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Saccos seek revolving fund

Embu County Government has been urged to establish a revolving fund where Saccos can borrow funds at low interest rates and loan to their members. Daima Sacco Chairman John Njeru said the County Saccos were the best wheels for poverty eradication since they empowered small traders, farmers and youths to expand their ventures through affordable…

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