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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 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…
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…
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…
By Dennis Bett. Elgeyo Marakwet Youth Bunge Sacco has embarked on a mission to establish income generating activities to empower members. It is planning to partner with Safaricom and other financial institutions to set up business activities like M-PESA, Bank agents and building plots and homes for rental purposes. Speaking during the 2017 Annual Delegates…
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…
By Dennis Bett. Dairy farmers in Chepkorio Ward in Keiyo South Sub-County are set to reap big from a new facility to ensure double delivery of milk. The programme put in place by Chepkorio Dairies is expected to improve the Co-operative sector in the area. Chepkorio Dairies Manager, Japhet Kosgei said the initiative came from…
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…
By Our Reporter. The Trans-Elite Sacco, formerly Nandi Teachers Sacco Ltd has embarked on robust marketing to recruit more membership. According to the Chairman, Alfred Ngetuny, the move has seen membership increase from 3,356 in 2015 to 5, 856 in 2016. He said the Sacco had also recorded marked growth which he attributed to factors…
By Wasike Elvis. The first ever Military Veteran Sacco has been launched in the County, according to the CEC in charge of Trade and Industrialization, Philip Melly (pictured). He said the Sacco members comprise of ex-military officers who participated in Second World War, their families and domestic workers. “As a County Government we have been…
