The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina. Daima Sacco has rolled out agency banking in a move aimed at expanding its reach countrywide. The Sacco plans to set up agencies at various trading centers in Embu before moving to other counties enabling its members get several banking services closer home. This comes as a relief to many people…
By Our Reporter As various Saccos alter and amend their by-laws to allow members to be represented through a delegates system, a section within the co-operatives system are not uncomfortable with this emerging trend. The question is whether members should retain Annual General Meetings (AGMs) as the supreme authority of a Sacco or pass this…
By Kephas Ayiecha Trans National Times Sacco has warned of stern action against Sacco members who default on loans. Sacco Chairman, Christopher Nyongesa (pictured) said the defaulters had caused the society to fail to implement its projects and risk being overtaken by others. Nyongesa noted that as a result, some faithful members who had acted…
By Our Reporter Invest & Grow Savings and Credit Co-operative Society Limited (IG) Sacco has embarked on an ambitious plan to recruit more youth, women and disabled persons to become members. In order to achieve this, the Sacco has launched new financial products that will appeal especially to the youthful teachers who have been recently…
By Wesley Ken C.S Peter Nyamai, the Mombasa Port Sacco Chairman, is a seasoned Cooperative management guru. Prior to joining Mombasa Port Sacco (MPS) in 2013, Nyamai had held, among others; the position of Vice–Chair at Bandari Sacco. Bandari has been for the Kenya Ports Authority (KPA) employees whereas MPS was for Kenya Cargo Handling…
Winas Sacco Limited, formerly Embu Teachers Sacco, is 8th on the table after it declared a dividend of 12.2 per cent on shares and 12.5 per cent on member deposits for the financial year ended December 31, 2016. Established in 1977 to serve teachers in the larger Embu district, the society has rebranded and…
By Wasike Elvis. Uasin Gishu County Government through the Ministry of Trade is set to revive all collapsed Cooperative Societies in the County by giving out funds for this purpose. According to the CEC in charge of Trade, Industry and Tourism Philip Melly, most Cooperatives collapsed due to mismanagement, corruption and lack of qualified staff…
By Munene Maina. Nakuru County Government has embarked on an ambitious strategy to strengthen farmer’s co-operatives and boost Agricultural sector. Speaking to Sacco Review in his office, Nakuru Co-operatives Director Patrick Mak’Anyengo said strong societies for farmers will ensure they get good returns from their activities. “Agriculture sector plays a big role in our county…
By Munene Maina Kiambu residents are reaping big from the Co-operative sector as many embrace societies to increase their savings and access to affordable credit facilities. The sector is among the key drivers in the County economic growth, according to County Co-operative Commissioner Ephraim Mathenge. The importance of the sector is the reason why the…
By Munene Maina Saccos have been challenged to focus their energy at recruiting more young members as a way of safeguarding their survival in the future. “The youth are the future and any Sacco that does not focus on this segment of the population will surely perish,” said Tom Gitogo, CIC Group CEO. He said…
