The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina When Samuel Koskei joined Kenya Highlands Sacco in 1992, it was operating from a small rented room and serving only tea farmers. Despite the area having other bigger societies he could have joined, Koskei had noted something unique about the Sacco. A keen observer, his judgment never disappointed him. The Sacco is…
By Munene Maina Kenya Highlands Sacco paid farmers Sh2 billion bonuses, an increase of 56 percent from last year. “The money should have an impact on the area. It will go a long way in enabling farmers meet their development goals,” said Sacco CEO Alice Kosgei,. She noted on average, a member will receive Sh60,000….
By Dennis Bett Elgeyo Marakwet County has set aside Sh20 million to establish fruit, tomato, mango and milk processing plants. Agriculture Chief Officer Pius Cheserek also revealed that private investors have injected Sh50 million to boost value addition in the county’s four Sub-Counties. The disclosure comes at a time when it is estimated that farmers…
By Stephen Makabila The year 2016 was an eventful one for the country’s Sacco industry and the cooperative sector in general, with major achievements and events all round. The Sacco Review takes readers down memory lane, in highlighting some of the major happenings and events within the Sacco industry and cooperative sector in general from…
By Our Reporter National Treasury Cabinet Secretary Henry Rotich has appointed a Steering Committee that will establish the Financial Sector Authority (FSA) and oversee the merger of all financial regulatory authorities into one In a Gazette Notice Vol CXVIII No 143, dated November 18, 2016, members of the Steering Committee include Principal Secretary, National Treasury…
By Azael Masese Nyamira Tea Farmers Sacco Society Ltd plans to open its common bond in order to attract membership from other sectors including the business community. This will enable the Sacco to diversity its business operations and strategy. Located in Nyamira town, the Sacco is licensed by the Sacco Societies Regulatory Authority (Sasra) as…
By Munene Maina Imarisha Sacco Society Limited gave Alfred Chepkwony, Peninnah Chepkemoi and Faith Kandie, three teachers based in Kericho County, a loan of Sh 1.5 million for construction of a school. This project was planned to have a three storeyed modern complex and dormitory block. This cash ran out before the project was complete…
“The consultants will pave way for the stakeholders’ consultation as we gear up to the new policy whose draft is complete,” noted the official. For the Co-operative Development policy, a National Leaders Conference should have been held last year to validate it, but the process has dragged on for what insiders attribute to logistical challenges…
By Jackson Okoth A number of deep pocketed Savings and Credit Co-operatives (Saccos) are setting up ultra-modern complexes with a view to leasing or renting out office space to interested parties. This segment of the property market is becoming an attractive option for the Saccos eager to pump more cash in the form of rental…
By Ben Wafula Bu n g o m a – b a s e d Ng’arisha Savings and Credit Co-operative Society, formerly Bungoma Teachers Sacco has been recruiting new members from neighbouring counties. According to Benedict Simiyu, Ng’arisha Sacco chairman, while the Sacco has been operating in the County, it has now extended its reach…
