The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina. Unison Sacco has embarked on an ambitious share drive with an aim of raising working capital. “We should embrace this drive to make us realize our targets and dreams,” said the Sacco’s Chairman, Mr James Muhandi in a Board of Directors’ report. With the drive members are poised to earn higher dividends…
By Seth Musisi. A Special Delegates Meeting of Wevarsity Sacco has passed a resolution to lower interest rates on all long term loan products to 12.9 per cent. The Society, which draws the bulk of its membership from employees of Masinde Muliro University of Science and Technology and Kibabii University, recently held a special meeting…
The Co-operative sector has shed off its dark past characterized by corruption, nepotism and poor representatation owing to strong prudential guidelines and supervision by Government agencies. This is according to the Sacco Society Regulatory Authority (SASRA) CEO, John Mwaka. “While corporate governance issues are still common in the financial sector, we have noted marked improvements…
Kitui County Tourism and Natural Resources Ministry has embarked on a Community Outreach Programme to establish a conservancy at the Kitui B2 Yatta Ranching Cooperative Society Limited ranch. The announcement was made by the ministry’s Chief Officer, Khalid Mahmud when he addressed thousands of members of the ranch during their 52nd Annual General Meeting held…
By Kiptanui Rutto. The County Government plans to upgrade self-help groups to Co-operative societies to help members generate more income. Chief Officer for Co-operatives, Sebastian Mwangangi said the county is working with over 98 societies among self-help groups to improve the living standards of area residents. “We will train the groups and facilitate them to…
By Amoto Dennis. The first ever Halal exhibition in Kenya came to a close at the Kenya International Convention Centre (KICC) in Nairobi recently with a call on all Muslims in the country to tap into the Halal conscious markets. Tourism Cabinet Secretary Najib Balala who was the chief guest at the expo which attracted…
Staff Reporter. The County staff have found themselves in a dilemma after it emerged there are no documents to prove remittances of some of their statutory and Sacco deductions. This follows Auditor General Edward Ouko’s recent report that indicated the County Government is unable to account for Sh2 billion it spent in the last Financial…
How Gideon turned Sh300,000 loan into a fortune By Ndichu Kamau. Gideon Waweru was a bank customer until he realized that it was more expensive to apply for a loan from this bank. It was at this point that a friend introduced Waweru to Tai Sacco where he registered as a member. Eight months…
By Munene Maina. Tai Sacco Society Limited won the Most Consistent Organization in the Co-operatives category during the recently held Champions of Governance (COG) Awards, organized by the Institute of Certified Public Secretaries of Kenya (ICPSK). This was at the ICPSK COG AWARD Gala night held on November 4th, 2016 in Nairobi. “This is a…
By Stephen Makabila. The State Department of Co-operatives has embarked on a new four-year strategic plan aimed at taking the sector to the next level, even as it plans to unveil a new Co-operative policy by next month. The department has equally focused on major activities that may turn around the sector this year with…
