The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth The National Treasury has indicated that it has set aside an undisclosed amount of money to be used in setting up an inter-lending facility for Savings and Credit Co-operative Societies (Saccos). However, its move to create what will be known as a Central Finance Fund (CFF) is being frustrated by the slow…
By Ken Langat. Kenya Highland Sacco Ltd has completed the purchase of the building housing Standard Chartered Bank in Kericho town at a cost of Sh105 million and unveiled a multi-million shilling upgrade plan. The Standard Chartered Bank Building is sandwiched between KCB Bank and Barclays Bank Kenya along the busy Kericho-Kisumu highway. During this…
By Stephen Makabila. The Director of the Institute for Co-operative Development at Co-operative University of Kenya (CUK), Professor Esther Gicheru is on the list of personalities within the Co-operative movement who received State commendation. She was awarded Order of the Golden Warrior (OGW) by President Uhuru Kenyatta. Others in this roll of honour who have…
Goodway Sacco has started a bodaboda loan scheme for the youths aimed at enabling them acquire bodabodas to start income generating activities. Targeted are those who are been employees of other bodaboda owners. The repayment for the loan is Sh200 per day. The beneficiaries must be in a group of at least three operators or…
By Joyce Mong’are. Nyandarua’s Industrialization and Co-operatives Executive Judy Nyambura recently announced plans to revive collapsed cooperative societies in the County. Speaking in OlKalou recently Nyambura noted that 15 societies had already been revived in the last one year and 30 more were lined up for the same. Nyandarua has a turnover of more than…
By Esther Chesoro. KiambuGovernor William Kabogo recently commissioned a 5000 litrecoolant and milk pasteurizer at Muguga Dairy FarmersCooperative Society in KabeteConstituency. Christened ‘Kiambu County Milk Value Addition Project’, the move is intended to improve the quality of dairy farming from simple milk production to manufacturing of a variety of cheese, yogurt and other dairy products….
By Esther Chesoro. Migori dairy farmers are benefitting from 150 dairy cows donated by the County Government in a bid to increase milk production in the County and improve food security. In February last year the County Government, through the Department of Livestock Development, purchased 150 cows for farmers in seven sub counties. According to…
By Jackson Okoth. Kenya’s Sacco sector earned Sh40.4 billion as income from loans, Sh 2.3 billion from investments and Sh 4.7 billion as other incomes, raking in a total income of Sh47.4 billion. This is according to The Kenya Financial Sector Stability Report, 2015 prepared jointly by Central Bank of Kenya, Capital Markets Authority, Insurance…
By Amos Kerich. A year after Bomet Governor Isaac Ruto took office, he started Multi-purpose Cooperative Societies in every ward in the County. This initiative has greatly boosted the living standards of the Sacco members. When coming up with the initiative, Governor Ruto had observed that he knew very well that the largest percentage of…
By Tsozungu Kombe. Saccos have been urged to embrace Information Communication Technology ( ICT ) in a bid to enhance efficiency and deliver services to members. Alfred Mlolwa, Quetu Sacco chairman and KUSCCO Director for Coast and North Eastern said many Saccos had failed to deliver quality services to members due to lack of ICT…
