The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe. Mafanikio Sacco, formerly Mombasa Teachers Sacco Ltd has opened a new branch in Ukunda town, Kwale County. The Ukunda branch situated at Arusha Plaza along the Likoni- Lunga Lunga road is meant not only to bring services closer to the residents of the county, but also to serve local residents more conveniently….
By Tsozungu Kombe. The Kwale County Co-operatives Officer, Levina Lenjo has commended local residents for joining Saccos in large numbers, citing the case of many merry go rounds that have since turned into Saccos. The County had only one deposit-taking Sacco, Kwale Teachers Sacco, which has since rebranded to Tabasamu Sacco. This number has increased…
By Erick Nyayiera. Dairy farmers in Siaya County are currently recording low milk production as a result of the drought which has affected the region from mid last year. Sam-Malanga Dairy Co-operative Society Manager, Japheth Ayoo said milk supply has drastically reduced thus affecting profitability. He states that as opposed to the previous period when…
By Staff Reporter. The Government will now make use of the Sacco Review as its main channel of communicating and articulating the Co-operative sector’s policies to the wider Kenyan public. Principal Secretary (PS) in the State Department of Co-operative, Mr. Ali Noor Ismail, noted that Sacco Review was the most popular newspaper within the Cooperative…
By Richard Shichangi. Butere Faida Sacco is set to introduce several amendments to its bylaws to help improve service delivery to members. The society which was conceived from Butere Financial Services Association (FSA) has grown drastically to become one of the leading rural Sacco in western Kenya. Addressing members at a meeting to approve the…
By Our Reporter Over 400 Bungoma County Motorbike Sacco members have benefited from motorbike loans that are now helping them to generate adequate income to better their living standards and re-service the loans monthly. Moffats Nabaala, Head of staff at the Bungoma-based society said the management expects to serve about 1,500 members with the loan…
By Ken Langat. Saccos have been advised to concentrate on their core business of savings and lending members and not engage in costly long term investments. Kipchumba Bullut, James Finlay Kenya Limited General Manager, observed that some societies were rushing to engage in costly ventures as a possible conduit for theft of members’ funds. “It…
By Azael Masese. Mwito Sacco has been urged to be innovative in the range of products and services it offers to its members to attract more business. Chairman of Ethics Commission for Co-operative Societies (ECCOS), Philip Gichuki, speaking during Mwito Sacco’s 36th Annual General Meeting in Nairobi, recently noted that if Saccos are to survive…
By Kiptanui Rutto. Makadara District Cooperative Officer (DCO), Andrew Maikal has advised Sacco officials on registration of the next of kin as the move would save the Saccos from dilemmas. Speaking during a Nafaka Sacco AGM in Nairobi, the DCO said many issues concerning the matter referred to his office and it was always a…
By Staff Reporter. The Government will now make use of the Sacco Review as its main channel of communicating and articulating the Co-operative sector’s policies to the wider Kenyan public. Principal Secretary (PS) in the State Department of Co-operative, Mr. Ali Noor Ismail, noted that Sacco Review was the most popular newspaper within the Cooperative…
