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The yet to be passed East Africa Community (EAC) Co-operative Societies Bill has been cited as a great move in allowing Co-operatives to promote and benefit from the regional integration agenda. The Bill which, if passed will enable Saccos to do business in any of the three East African countries, has sailed through second reading…
Kitui County Tourism and Natural Resources Ministry has embarked on a Community Outreach Programme to establish a conservancy at the Kitui B2 Yatta Ranching Cooperative Society Limited ranch. The announcement was made by the ministry’s Chief Officer, Khalid Mahmud when he addressed thousands of members of the ranch during their 52nd Annual General Meeting held…
By Munene Maina. Imenti Sacco has embarked on training farmers and other Sacco members to carry out their agricultural activities for commercial purposes. The Sacco Chief Executive Officer, Judy Ngatha said that most farmers were not carrying out their activities for commercial purpose but purely for subsistence and reiterated the Sacco’s desire to change this…
By Kamundia Muriithi. Nawiri Sacco Societies Limited has upped its Corporate Social Responsibility (CSR) programmes to improve livelihoods of the surrounding communities in the County. The Society is involved in giving out bursaries to needy school children, tree planting exercises, giving donations to foster homes and providing free training to members. “We actively participate in…
More than 30 women small business entrepreneurs in Embu County were recently trained on skills to improve and manage businesses. The women, including five people with disabilities and five youths drawn from all wards in the county, had already undergone a one-week intensive training conducted by the County Government in partnership with Growth Oriented Women…
Nandi County Cooperative Commissioner, Starlin Koech (pictured) has warned the defaulters in the Savings and Credit Cooperative Societies within the County that Sacco’s will be put under Credit Reference Bureau (CRB) for them to find it difficult to access credit anywhere adding that they will have nowhere to hide. He asked those with outstanding loans…
Siret Outgrowers Empowerment Company Ltd Chairman, Wilson Tuwei has asked the National Government to support tea farmers to look for lucrative markets abroad. Saying Kenya produces the best quality tea, he noted that the country’s tea is not sprayed with pesticides unlike other countries where they spray tea bushes with pesticides. “If buyers from foreign…
By Munene Maina. Unison Sacco has embarked on an ambitious share drive with an aim of raising working capital. “We should embrace this drive to make us realize our targets and dreams,” said the Sacco’s Chairman, Mr James Muhandi in a Board of Directors’ report. With the drive members are poised to earn higher dividends…
By Seth Musisi. A Special Delegates Meeting of Wevarsity Sacco has passed a resolution to lower interest rates on all long term loan products to 12.9 per cent. The Society, which draws the bulk of its membership from employees of Masinde Muliro University of Science and Technology and Kibabii University, recently held a special meeting…
The Co-operative sector has shed off its dark past characterized by corruption, nepotism and poor representatation owing to strong prudential guidelines and supervision by Government agencies. This is according to the Sacco Society Regulatory Authority (SASRA) CEO, John Mwaka. “While corporate governance issues are still common in the financial sector, we have noted marked improvements…
