The Leading Newspaper for Co-operative Movement in Kenya
By David Kipkorir Saccos that have been weakened by an economic slump due to Covid-19 pandemic are being urged to consider mergers as a way to strengthen their books and allow them to compete more effectively in the changing industry landscape. Jamii Sacco Chief Executive Officer (CEO) Daniel Achieng’ said stronger capital would make it…
By Tsozungu Kombe Malindi and Magarini sub-counties in Kilifi County have 108 registered Cooperative Societies with a combined membership of 27,381, Sacco Review has learnt. Speaking in her office in Malindi town recently, Malindi and Magarini Sub-county Cooperative Officer Mrs. Felister Moraa Ziro those Societies have a total assets base of Ksh425,267,776 and a turnover…
By Agnes Orang’o Kwa Mating’i Farmers Cooperative Society chairman James Mwovi has urged the county government to consider including the coffee sub-sector in its annual budget and set aside funds for it. This, he said, will help farmers get back to their feet and invest more in coffee since they have gained a ready market…
By Asa Maina Biashara Sacco was the first among business Saccos that paid the highest dividends on shares and highest interest rates on deposits during Nyeri’s Ushirika Day celebrations. The Sacco paid out dividends at a rate of 18 per cent on shares to its members and a 13 per cent interest rate on deposit…
By Staff Reporter Equity Bank has signed a deal to buy the teachers -owned Spire Bank and inherit over 20,000 depositors and 3,700 loan customers by November 2022. Mwalimu National bought the cash strapped Spire Bank for KSh2.4 billion from business mogul Naushad Merali in 2015. Unlike in common buyouts where Equity Bank would be…
By Shichangi Richard Kakamega County celebrated this year’s world Cooperative Day with speakers making passionate calls to the Sacco management to focus on improving the lives of their members. Speaking during the occasion, chief guest Recheal Okumu underscored the need of Sacco management to invest in human resources so that they can have managers who are…
By Peter Otuoro 33 cooperative societies in Nakuru County were awarded for their big contribution to the cooperative movement during a colourful Ushirika Day celebrations in Kunste Hotel in Nakuru City. Nakuru Governor Lee Kinyajui who was the chief guest thanked all Cooperatives for their resilience even in the hard economic times engineered by the…
By Erick Nyayiera Calls for the establishment of a Cooperative training institute dominated the Kisumu County Ushirika Day celebrations as various rural Saccos underscored its importance in helping improve the performance of the sector. Kisumu County Ushirika chairman Edward Matoke, while addressing the celebrations, noted that the institute will be pivotal in training of Sacco…
By Sacco Review Reporter Kenya’s vibrant cooperative sector will gain immensely if the promise by President-Elect William Ruto to reduce the price of fertilizer is implemented. While speaking in Meru over the weekend, Ruto hinted at a possible reduction of fertilizer price from the current Ksh.6,500. “I have had meetings with those at the Ministry…
By Kevin Odera/ Roy Hezron Kenya’s savings and credit co-operative (Sacco) sub-sector has recorded a growth in its asset base to reach Ksh 807.11 billion in 2021, the recently released the Sacco Society Regulatory Authority (SASRA) report has shown. According to the country’s Sacco regulator, the sub-sector total asset base increased from Kshs 734.22 billion…
