The Leading Newspaper for Co-operative Movement in Kenya
By Wasike Elvis. Co-operative Movement in Uasin Gishu County has since inception of devolution in 2013 experienced tremendous growth, Governor Jackson Mandago has said. Speaking to Sacco Review in Eldoret recently, Mandago said his Government has increased funding to Co- operatives to grow the County economy and offer residents incentives to take up investment opportunities….
By Azael Masese. Kisumu Teachers (KITE) Sacco Society Limited reported an increase in its turnover to Sh 52 million for the financial year ended 31st December, 2016. This is compared to Sh 44.4 million posted the previous year. “Although the Society experienced membership withdrawals through death and retirement, we were able to increase members’ deposits…
By Makoma Musyoka. The Chief Executive Officer of Universal Traders Sacco Society in Machakos County, Mr. Dominic Mutunga has urged women and youth groups to embrace a saving culture so as to eradicate poverty. He told them to join cooperatives as they are powerful vehicles of social inclusion and political and economic empowerment of their…
Capital Sacco posts better returns. By our Reporter. Capital Sacco has announced record business results for 2016, in which the company saw impressive year-over-year revenue growth while signing a record number of new members. Capital Sacco Marketing Manager, Mr. Kenneth Gitonga said the business brushed off a tough business environment to post impressive results. He…
By James Wakahiu. Urithi Housing Co-operative Society Chairman has warned Co-operative members of ongoing land scam in which members are conned millions by fraudsters. Mr. Samuel Maina said that there is need to educate the members of public on possible ways of identifying genuine investments to avoid falling prey to the scammers. He said there…
By Kamundia Muriithi. Members of Winas Sacco Society Ltd who default on loans advanced to them will have their names listed by Credit Reference Bureau (CRB). The Sacco through a paid up newspaper notice dated May 5, 2017 warned that non-performing loans would be forwarded to the CRB. “This is to notify all members that…
By Wasike Elvis. Governor Jackson Mandago has urged the National government to open a Co-operative College in the county. He said that this will offer training on how to manage Savings and Credit Societies (Saccos). “Despite us reviving over 100 Co-operatives and giving them loans, some of the officials lack managerial skills leading to them…
By Dennis Bett. Police in Marakwet West and Marakwet Boda Boda Sacco members are in pursuit of a gang suspected to be stealing motorbikes from the area and selling them to a neighbouring country. The group is suspected to be stealing motorcycles belonging to Kapsowar Boda boda Sacco and other operators in Marakwet West and…
By Azael Masese. Sheria Housing Co-operative Society has reported an increase in Members’ Deposits from Sh 24 million in 2015 to Sh 32 million at the close of the financial year ended 31st December, 2016. The Society’s Total Assets rose to Sh54.5 million in 2016 compared to Sh37.9 million in 2015 while Share Capital increased…
By Jackson Okoth. The list of Deposit-Taking Savings and Credit Co-operative Societies (Saccos) that are planning or have already set up their own insurance agency business is getting longer by the day. On their sights are millions of shillings in premiums paid out to insurance companies by clients keen to have covers against various risks….
