The Leading Newspaper for Co-operative Movement in Kenya
By Kiptanui Rutto. The Meru-based giant Imenti Sacco, has recorded a 20 per cent increase in Turnover from Sh 33.8 million in 2015 to Sh 40.6 million at close of financial year ended 31st December, 2016. The Society which boasts of over 4,700 members in Meru County also recorded an increase in its Share Capital…
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….
By Jackson Okoth and Stephen Makabila. The Government has launched a massive inspection of Co-operatives countrywide in an effort to rein in errant Saccos and directors who violate regulations governing the sector. And as the impromptu inspections gain momentum, the new Commissioner for Co-operative Development, Mary Mungai has sounded a stern warning to the entire…
By Wesley Ondieki. Kenya Marine and Fisheries Research Institute (KMFRI) Sacco is set to launch a fully fledged FOSA services outside Mombasa, Sacco Chairman, Rashid Anam (pictured) has said. “Among our future prospects, we will have a FOSA in a place yet to be identified outside Mombasa. We will also partner with members to start…
By Tsozungu Kombe. Plans are at advanced stage to open a fully fledged branch of Lengo Sacco in Kilifi town, the county’s headquarters in an effort to boost service delivery. Speaking during Lengo Sacco Annual Delegates Meeting (ADM) held at Lutheran Hall in Malindi town recently, the Sacco’s chairman, Mr George Ndaa Tune (pictured) revealed…
By Kese Werugha. Imarika Sacco Society Limited has embarked on an ambitious plan to construct a multi-million shilling building complex to house its headquarters in Kilifi town. Speaking at the groundbreaking ceremony, the Chief Executive Officer, Daniel Masha said the proposed five-storey building to be known as Imarika Sacco Plaza will cost about Ksh.345 million….
By Our Reporter. Kwale County Government will continue to support Saccos’ growth in the region, Kwale County Government, Cooperative Development and Industrialisation Ministry Chief Officer, Ramadhani Bungale (pictured) has said. Speaking during Tabasamu Sacco, Annual General Meeting (AGM) held at Kwale Cultural Centre recently, Bungale said Saccos are the backbone of the country’s economy. He…
By Tsozungu Kombe Women in Taita Taveta County have been urged to form Saccos to uplift their standard of living. Speaking during Qwetu Sacco Annual Delegates Meeting held at Tsavo East Galaxy Resort in Voi town recently, Taita Taveta County Cooperative Commissioner, Andrew Mbinga said the County Government will continue to support Saccos in the…
By Munene Maina. Bingwa Sacco, one of the country’s most successful societies plans to open a new branch in Kitengela in the course of the year. Sacco Board Chairman, Cyrus Kabira has revealed. Speaking during the Sacco’s 34th Annual General Meeting held in Kerugoya town recently, Kabira said the Sacco currently has 18 branches including…
By Munene Maina. Co-operatives in Kirinyaga County have played a big role in enhancing economic empowerment among residents. Kirinyaga County Director of Co-operatives, Edward Nyaga said more than half of Kirinyaga residents are co-operators, saying: “It is through societies that many households in the County are able to create wealth by embracing saving and prudent…
