The Leading Newspaper for Co-operative Movement in Kenya
By Wasike Elvis Hawkers in the County have been told to join Saccos in order to improve their livelihood and standards of living. Speaking to hawkers recently, Executive in charge of Trade, Co-operatives, Industrialization and Enterprise Funds, Philip Melly urged the hawkers to acquire identity cards so that they can be members of Saccos. “You…
By Jackson Okoth Kenya’s booming real-estate sector continues to be a good hunting ground for co-operatives, who are taking advantage of cheaper financing options to buy land, residential and commercial buildings and transferring them to their members and the public. At the end of the transaction, co-operatives make a tidy sum a kill in investment…
By Jackson Okoth Not all Saccos with deep pockets are keen to acquire parcels of land for its members or even construct expensive maisonettes and bungalows for sale. “Although we possess the largest total assets size, we have not gone big on property because we do not want to down members’ cash for long periods….
By Jackson Okoth Kenya’s Sacco sector earned Sh40.4 billion as income from loans, Sh 2.3 billion from investments and Sh 4.7 billion as other incomes, raking in a total income of Sh47.4 billion. This is according to The Kenya Financial Sector Stability Report, 2015 prepared jointly by Central Bank of Kenya, Capital Markets Authority, Insurance…
By James Wakahiu Members of Co-operative Societies have been urged to read and understand their own bylaws as well as the Co-operatives Societies Act so as to avoid bringing unnecessary disputes before the Co-operatives Tribunal. “There are numerous cases and disputes that will not have ended up at the tribunal if members of co-operatives and…
By Jackson Okoth The defunct Kenya National Federation of Co-operatives (KNFC) is yet to sell off its assets, 36 years after it was first placed under liquidation by the Commissioner of Co-operatives. In a recent notice, KNFC announced that it is selling invites tenders for purchase of a go down situated in Nairobi’s Industrial Area…
By Tsozungu Kombe Savings and Credit Co-operative Societies (Saccos) have been urged to embrace Information Communication Technology (ICT) to enhance efficiency in service delivery. Qwetu Sacco Chairman, Alfred Mlolwa, expressed concern that many Saccos in the country have failed to deliver quality services to members due to lack of ICT skills. He, however, emphasised the…
Legal action will be taken against those groups that fail to repay the Uwezo funds loan in Malava Sub-County. The National Government Constituency Development Fund (NG-CDF) Fund Manager Marygorety Wanjala confirmed that out of the 127 groups that were given the revolving funds four groups have not started servicing their loan and efforts to reach…
By Andanje Wakhungu. Boda boda riders in Kakamega North Sub-County are a happy lot after being promised training and licensing on successful completion of their course. National Government Constituency Development Fund (NG-CDF) together with Automobile Association plan to train and help those who will complete their driving courses to get licenseces. Over Sh2.1 million has…
By Kamundia Muriithi Farmers in the County have called for Government intervention to stop the sale of counterfeit agrochemicals and farm inputs in the region. The more than 3,000 farmers attending an exhibition at Kianyambo Primary School complained they had unknowingly purchased counterfeit chemicals, seeds and fertilizers which led to huge losses. Led by Ngiriambu…
