The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth Bandari Sacco Society Limited posted net surplus of Sh 182,652,934 in the financial year ended December31st, 2016 compared to Sh 57,284,534 the previous financial year. According to the Society’s statement of profit or loss and other comprehensive income, interest on loans went up to Sh 644.6 million in 2016 from Sh582.8 million…
. By Munene Maina Bingwa Sacco Ltd has raised Sh103 million in a share drive promotion that started in October last year. “This is a big success for our Sacco. The share drive was an arduous task but I am happy we were able to surpass our target ofSh100 million,” said the Sacco chairman, Cyrus…
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…
KWALE By Our Reporter Teachers in Kwale County have been urged to join Saccos in large numbers to secure loans so as to accomplish their dreams. Kenya National Union of Teachers (KNUT) Msambweni branch Vice Chairman, Saidi Mwakuzimu said teachers in the region retire and continue to wallow in abject poverty due to failure to…
By Our Reporter As various Saccos alter and amend their by-laws to allow members to be represented through a delegates system, a section within the co-operatives system are not uncomfortable with this emerging trend. The question is whether members should retain Annual General Meetings(AGMs) as the supreme authority of a Sacco or pass this authority…
“The new rates will come into effect from December 1, 2016 and will apply to newly applied products. The changes will not apply retrogressively. Other terms and conditions applicable remain as before,”Mr Richard Nyaanga, Acting Chief Executive Officer of Ukulima Sacco Limited stated. Ukulima Sacco has reduced interest rates on 8 out of its 19…
. By Dennis Bett Agriculture Cabinet Secretary, Willy Bett has re-affirmed the Government’s commitment to invest in an insurance scheme to cushion farmers from crop failure, a move which is meant to mitigate against losses caused by climate change. Flanked by the Elgeyo Marakwet County Governor, Alex Tolgos, Senator Kipchumba Murkomen and officials from agricultural…
By James Wakahiu More than 1, 000 youth will benefit from a Sh50 billion technical training support and market linkages under an entrepreneurship programme dubbed 2jiajiri by the Kenya Commercial Bank (KCB) in collaboration with Bidco Oil Refineries Limited. Under the partnership, KCB will offer the technical capacity building and Bidco will provide a guaranteed…
By Titus Muriithi The Meru County Executive Committee member in charge of co-operatives Mithiaru Mithika has said that it is due to the contributions made by various cooperative unions since independence that Kenya has been able to grow its rural economy. He points out that through various cooperative unions, especially those in the coffee, tea…
By Titus Murithi Chuka-based Trans Nation Sacco is in the process of training its members on the Society’s latest products and services, including its digital platforms. This programme is to be carried out by Sacco officials in all the branches of the Society. Members will be introduced to the Societies new premium shares which have…
