The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese Kenya National Police Deposit-Taking Sacco is crafting an ambitious growth strategy aimed at positioning itself as a critical brand in mobilising savings and extending affordable credit, even as the number of Kenyans joining the Sacco to access its top notch products and services grows overboard, Board Chair David Mategwa has said. “We…
By George Otieno Imarika Foundation, in partnership with Mephi Hospital, recently held a free eye medical camp at Matsangoni area in Kilifi County to provide eye health services to area residents. Community members were first taken through health talks on various issues before proceeding to see several medical teams present to serve them. The services…
By Kamau Njoroge Coffee farmers from Gatundu North in Kiambu County have hailed president William Ruto for promising to reduce the price of fertilizers by half. The farmers, led by John Kaguchia, said they are optimistic that through cheaper fertilizers, their production will increase and in turn translate to higher returns. “We are glad that…
By John Majau Milk production in the Mt Kenya region has dropped by about 40 per cent due to drought even as dairy farmers complain about high costs of production. Farmers called for subsidies on animal feeds to be introduced, though President William Ruto’s new administration insisted that subsidies were unsustainable, scrapping the one on…
By Sacco Review Reporter Kenya National Police DT Sacco Board Chair David Mategwa has expressed the Sacco’s commitment to work with any struggling Sacco. Mategwa said police Sacco is willing to take over the struggling Sacco’s liabilities and assets to enable the members enjoy unrivalled services and products. “The merger will be seamless to ensure…
By Felix Wanderi Real Estate Finsco Africa and the National Co-operative Housing Union (NACHU) held a mega housing drive dubbed Riverline Ridges Open Day Activation in Ruiru with over 1,000 customers in attendance. Riverline Ridges project was launched last year on a 423 acre piece of land in Ruiru and it will enable Kenyans purchase…
By Benedict Ngetich Kericho county governor Dr Erick Mutai has promised to solve a myriad of challenges facing the agricultural sector in the region so as to boost and enhance agricultural benefits. The governor said he will use the following strategies: insure crops to reduce vulnerabilities of farmers to climatic change and market volatility, employ…
By Wasike Elvis Uasin Gishu governor Jonathan Bii now says his administration will increase the Cooperative fund through a hustler kitty, a move that echoes the national administration’s bottom-up economics. He said this will ensure that many people who are in groups benefit. “As a county, we have a standalone Cooperative ministry and my government…
By Azael Masese Co-operative Bank of Kenya is the most preferred commercial bank Saccos turn to for operational efficiency and customer convenience. Consequently, Co-operative Bank generates more income by partnering with Saccos compared to other commercial banks; and the reverse is true. According to the Sacco Supervision Annual Report, 2021, partnership areas include Automated Teller…
By Azael Masese The negative cash accumulation among Deposit Taking (DT) Saccos continued to rise unabated to reach a high of Ksh. 48 billion in 2021. Though some players turned to retained earnings to bridge the deficit, some turned to external borrowing with SACCO Societies Regulatory Authority (SASRA) warning that they were subjecting themselves to…
