The Leading Newspaper for Co-operative Movement in Kenya
By Titus Murithi Dhabiti Sacco was established in 1991 and was then known as Meru North Farmers Sacco. Its main focus was to provide financial services to members in Maua town. The Sacco had over 40,000 coffee farmers from Nyambene region and was formed after three coffee Co-operative societies Igembe, Tigania and Miathene merged to…
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…
Saccos are required to pay withholding tax on dividends as well as other non-member related activities that generate income. Other form of taxes includes a 10 per cent Excise Duty on the service fee they charge their members. “There are Saccos that have gone into the mortgage business and therefore deserve tax relief. We are…
By Daniel Njoroge Teachers in Muranga County have formed a housing co-operative society to enable them build affordable homes and invest in the lucrative real estate industry. The housing investment society is an initiative of Kenya National Union of Teachers (KNUT) Murang’a South branch which intends to mobilize teachers in the county to pool resources…
By Staff Writer 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…
By Our Reporter A famous Chinese quote states that a journey of thousand miles starts with one step. This is indeed true for Qwetu Sacco which began its journey in the Co-operative movement 39 years ago. The society has its headquarters in Wundanyi Sub-County. The society began as Taita Taveta Teachers Sacco in 1976, an…
By Dennis Amoto President Uhuru Kenyatta has urged the Co-operative movement to support the government’s industrialization efforts by facilitating farmers engage in value addition of their produce. He said value addition would ensure farmers earned more than they would if they sold raw farm produce. The Head of State pointed out that the Co-operative movement…
By Munene Maina Rose Chepngetich has set her eyes on making an indelible mark on the cooperative movement in Kenya. As CEO of Kimbilio Daima Sacco, based at Konoin Sub-County, Bomet County, Chepngetich says that nothing succeeds like success. She has been at the helm of Kimbilio Daima Sacco for the past 15 years, overcoming…
By Collins Akong’o Mafanikio Sacco is set to open a new branch at Ukunda on 18th February, 2017 in its bid to net more members and deliver services closer to its customers and clients. Mrs Eunice Kaboi, Mafanikio Sacco CEO said the new branch will bring services to the door steps of members, freeing the…
By Kiptanui Rutto Thamani Sacco has come a long way and has supported its members to upgrade their living standards, majority of them being farmers. Its CEO, Rose Kithinji said the Society, formerly Nithi Tea Growers Sacco Ltd was registered in November 1987 with the mandate to mobilize member’s savings and ensuring that they access…
