The Leading Newspaper for Co-operative Movement in Kenya
By John Majau Meru leaders have called on women and youth in the county to enroll in organized and registered groups before applying for government and donor funding. Meru County governor Kiraitu Murungi and Public Service, Gender and Youth Cabinet Secretary Prof Margaret Kobia, said only women and youth who are in such groups will…
By Stephen Makabila Chai Sacco will officially launch its three branches by June this year, the Chief Executive Officer (CEO) Festus Mwatee has indicated. Mwatee noted that though the Sacco’s Kisii, Nkubu and Mombasa branches have been in operation, they were yet to be launched officially. “We have plans to officially launch the branches around…
Savings and Credit Co-operative Societies (Sacco’s) have continued to play a significant role in promoting economic interest of their members. In Kenya, their role in uplifting lives in the community through financial inclusion cannot be overlooked. Saccos have helped members to mobilise savings and borrow in turn for investments in enterprises and personal development, thus…
By Mary Ndung’u The Kenyan housing sector is extremely ripe for profitable involvement and participation by the various players in the property value chain. From the soon to be launched Kenya mortgage refinance company (a concept developed and currently in the process of implementation by the National treasury), to the government’s big four agenda that…
By Dennis Bett Watermelon farmers in Sangach in Marakwet East have expressed concern over fruit pests invasion. The farmers urged the County Government department of co-operatives and agriculture to address the problem to safeguard their profits. “Invasion of fruit flies is raising concern. These pests are destroying mature fruits,” lamented one farmer. The pests burrow…
By Munene Maina Dimkes Sacco has tightened the noose on defaulters in a bid to enhance debt collection and loan book management. In an aggressive loan recovery strategy, the Sacco collected in excess of Sh100 million in the financial ended 31st December 2017. “Loan default has been a challenge but our resolve is to keep…
By Joseph Mukubwa Biashara Sacco whose headquarters are in Nyeri town will open a branch in Nairobi by August this year. The Sacco Chairman Kamau Njamuku said some of its customers are business people who buy goods in Nairobi. The Sacco chairman was speaking during the Sacco’s Annual General Meeting at ACK Cathedral Hall in…
By James Wakahiu Over 5,260 shareholders of Broad Borders Housing Co-operative have received Sh4 million dividends for the year ended December 2017. In an annual general meeting held at a hotel in Murang’a, the shareholders resolved to be paid dividends at a rate of 12 per cent. The Housing Co-operative Chairman Jeremy Karemeri said the…
By Our Reporter Amica Sacco in Murang’a County plans to expand their mobile banking platform Amicash by increasing the number of registered members, setting a target of 70,000 from the already registered 14,000. Chief Executive Officer James Mbui said the move has been initiated to raise the Sacco members’ deposits and increase profits in the…
By Ndichu Kamau Githunguri Dairy and Community (GDC) Sacco has rolled out agency banking to become the first sacco to launch this service in Kiambu County. Also, in an effort to bring services closer to its 23, 318 members, GDC, after authorisation by Insurance Regulatory Authority (IRA), will now offer insurance agency services. These achievements…
