The Leading Newspaper for Co-operative Movement in Kenya
By Wesley Ondieki. Fortune Sacco plans to go big on the ICT platform to enhance alternative banking channels mainly mobile and agency banking. Addressing delegates during the Saccos 17th ADM held recently at Rosewam Hotel – Kerugoya, Fortune Sacco chairman, Wilfred Kibaki said that the move will enable the Sacco reach out to recruit more…
By Tsozungu Kombe. Teachers in Taita Taveta County have been urged to patronise Qwetu Sacco to enable it offer quality services to them. Speaking during Qwetu Sacco Annual Delegates Meeting (ADM) held at Tsavo East Galaxy Resort in Voi town recently, Taita Taveta County KNUT Chairman, Phanuel Mwalwala said the Sacco needed their strong support…
By Wesley Ken. Over the past three years, Kenya’s Matatu Transport industry, the dominant mode of transport of both passengers and goods in the country has undergone a tremendous overhaul. Management and operation of Public Service Vehicles is now in the hands of Transport Saccos. The newly created National Transport and Safety Authority (NTSA) organ…
Amica Savings and Credit Services will construct a Sh1.2 billion shopping mall in Kenol town, the fastest growing commercial centre along the busy Nairobi-Nyeri highway. The proposed Amica Business Centre (ABC) is set to change the property landscape of the region as the institutions seeks to diversify its revenue stream and improve a return on…
By David Kipkorir. Kenya’s registered 10 Savings and Co-Operative Societies in the Diaspora are doing well, Principal Secretary Ministry of Industry, Trade and Co-operatives, Ali Noor Ismail has said. He said the Government registered two Saccos in the United States of America (USA), two in Qatar and one each in Canada, Germany, France, Swaziland, Nigeria…
By Munene Maina. The Ministry of Industry, Trade and Co-operatives through the State Department of Co-operatives is spearheading key initiatives to improve performance in the Co-operative sector. These include the National Co-Operative Development Policy, which is in final stage, automation of the Co-operatives registration which will be linked to Huduma centres and development of Strategic…
By Kiptanui Rutto. Joinas Sacco has opened doors for the residents of Meru town and its environs. The Sacco that draws its membership from all professionals, business entities and other local residents, has recruited more than 1,000 members in its two years of existence. Speaking to Sacco Review in his office in Meru town, the…
By Dennis Bett. Elgeyo Marakwet County Government of has moved in to restore milk prices and volume after a drop by 90 per cent, leading to skyrocketing of prices to as high Sh80 per liter of fresh milk. Milk retailed at Sh40 per litre in November last year before the prices doubled from March this…
By Azael Masese. Poor leadership and misuse of members’ deposits have been blamed for woes facing most Savings and Credit Cooperative Societies in Nyanza region. South Nyanza Sacco (Sonyaco) Board chair, Mr Roscheus Otete blames the woes facing the Saccos on poor management of new societies. “Financial statements littered with doubtful assets and inability to…
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…
