Kavuda Sacco to offer FOSA services

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…

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Sacco members protest over poor state of roads

By Our Reporter. Busia Matatu Saccos members have threatened to stop paying levies to the County Government due to the deplorable condition of the main bus park. They brought business in Busia Town to a near standstill recently as they protested the condition of the bus stage and roads, and accused the County Government of…

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Coffee farmers urged to join Co-operatives

By Wasike Elvis. Coffee farmers have been urged to join Co-operative societies to be empowered financially and to get assistance from the government. Coffee Management System General Manager, Martin Ngare said this will also help them to get advice from experts. “Through belonging to a Co-operative it will be easier for them to look for…

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Buzeki pledges to revamp Co-operative sector

By Dennis Bett. Billionaire businessman and Uasin Gishu governor aspirant, Kiprop Bundotich popularly known as Buzeki plans to revamp the Co-operative sector in the county, if elected. He said he would do this by giving more funds to the sector and emphasizing value addition. Buzeki said the only way to empower farmers is through Co-operative…

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Saccos face tough times ahead over regulation

By Kephas Ayiecha. Savings and Credit Co-operative Societies (Saccos) faced tough times ahead if the government goes ahead with plans to effect amalgamation of financial institutions. One such Sacco is the Trans National Times Sacco Society (TNTs) based in Kitale which has an increased financial base of Sh1.1billion. Speaking during the Sacco’s Annual Delegates Meeting…

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Tea farmers told to diversify production

By Ken Langat. Tea farmers have been asked to diversify farm production in order to enhance their source of income. Kenya Midland Sacco Chief Executive Officer, Robert Rotich (pictured) said that most of the farmers are affected during unfavourable weather conditions and market price conditions. Rotich who attributed high rate of defaulting among members to…

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