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By Dennis Bett. Elgeyo Marakwet County Government of has moved in to restore milk prices and volume after a drop by 90 per cent, leading to skyrocketing of prices to as high Sh80 per liter of fresh milk. Milk retailed at Sh40 per litre in November last year before the prices doubled from March this…
By Azael Masese. Poor leadership and misuse of members’ deposits have been blamed for woes facing most Savings and Credit Cooperative Societies in Nyanza region. South Nyanza Sacco (Sonyaco) Board chair, Mr Roscheus Otete blames the woes facing the Saccos on poor management of new societies. “Financial statements littered with doubtful assets and inability to…
By Richard Shichangi. Kakamega Vuma Daima Sacco has declared 10 percent payment of dividends to its members and another 8 percent payment of interest on members’ deposits. Addressing members during the Sacco’s Annual General Meeting held at the County Social Hall, the Sacco’s chairperson, Mrs Iris Masambaga urged members to use the earnings to boost…
By Kimtai Cherongis. Boda boda operators in Bungoma County have reason to smile after the County Government announced they will no longer have to pay any tax to be allowed to operate in the county. Addressing hundreds of boda boda operators in Busia town drawn from across the county, Busia County Governor Kenneth Lusaka said:…
Murithi Kinoti. Capital Sacco which is one of the largest and fastest growing Saccos in Kenya has improved Kilimo Tosha product to boost horticultural farmers’ earnings. Kilimo Tosha is a loan product of the Sacco which advances credit to horticultural farmers to expand their investments. The farmers repay the loan after selling their horticultural produce…
By Amoto Dennis. Tana River County business people have been urged to form savings and credit Cooperatives to uplift their businesses. Speaking to Sacco Review, Bura legislator Ali Wario said: “Saccos are better in generating savings compared to banks because the business people can access money more easily to bolster businesses” He added that his…
By Amoto Dennis. Garissa County Co-operative Commissioner, Daniel Mutiso has urged the Cooperative societies to observe regulations governing their operations to improve service delivery. Speaking to Sacco Review in his office in Garissa town, Mutiso said lack of good governance in most Saccos had led to poor service delivery. “CEOs and Board members should identify…
By Our Reporter. Garissa Travellers Sacco has challenged the County Government to repair the road between Garissa town and Masalani to ease transportation of both passengers and goods. “We incur a lot of costs in maintenance of buses due to tear and wear of vehicles. These costs force us to charge high fares,” said Osman…
By staff reporter. South Nyanza Teachers (Sonyaco) Sacco plans to open a common bond to attract membership from other professionals to strengthen the society. Those targeted include the Early Childhood Development and Education (ECDE) teachers employed by Homa Bay County Government. Others earmarked for the exercise include Homa Bay County Government employees. Sonyaco Board chair,…
By Azael Masese. Kisumu Teachers Sacco (Kite) has embarked on an ambitious growth strategy that seeks to drive its membership upwards and enhance return on their savings. In its five year strategic plan, 2017-2021, the society targets to increase its membership from the current 6,000 to 20,000 and deposits from about Sh650 million to about…
