The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter The Sacco Societies Regulatory Authority (SASRA) has issued a ‘temporary’ license to 12 Deposit-Taking Saccos for failure to set prudential guidelines. This is until July 31, 2017 after which the regulator will review the status of their licenses. Among the Saccos that have been put under close surveillance include Comoco, Jitegemee, Kenya…
By Amoto Dennis Meru Governor Peter Munya has urged members of the Muslims community in the county to form a Sharia Compliant Savings and Credit Cooperative society (Sacco) to enhance savings and create wealth. ‘’Since Muslims make a large and significant number in the county it is high time they pulled resources to form a…
By James Wakahiu Demand for housing in Murang’a County has risen drastically, surpassing supply, something that has seen a good number of people working in the region seek shelter elsewhere in towns like Juja and Thika. Jacob Mwangangi who is the Chairman of Murang’a County Cooperatives, revealed this recently while speaking at Kabuta in Kiharu…
By Munene Maina Grafco Sacco has distinguished itself as a financial institution that is capable of offering quality, affordable, innovative and diversified products and services to its members. It is for this reason the Sacco has morphed from a self-help group to a reputable savings and credit Co-operative society. “Our main goal is to reduce…
By Joseph Mukubwa Newfortis Sacco, formerly known as Nyeri Teachers Savings and Credit Co-operative Society will soon pay out to its members Sh370 million for last financial year as dividends and interests. This will be an increase of over Sh60 million compared to what was paid out the previous year of 2014/2015, according to the…
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…
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…
By Kage Njoroge In a strategic move to widen its business opportunities, Murata Sacco has rebranded and acquired a new name and identity, aimed at establishing a new culture of delivering services to the increasing clients. The change involved adopting royal blue as the master colour to symbolize stability, growth and professionalism. Murata Sacco which…
By Kiptanui Rutto New Heri Homes Housing Co-operative Society Limited has kicked off construction of Kikuyu Heights Homes in Dagoretti South. The building site is a few metres from Equity Bank along Kikuyu Road. Speaking during the ground breaking ceremony, Dagoretti South MP, Hon. Dennis Waweru who was the chief guest, lauded Heri Homes for…
By Kamundia Muriithi Winas Savings and Credit Co-operative Society Limited, formerly Embu Teachers Sacco Limited has rolled out elaborate Corporate Social Responsibility (CSR) programmes targeted at the needy and disadvantaged in society. The Society aims at improving the social-economic welfare of residents in Embu County by putting a smile on their faces “We like giving…
