The Leading Newspaper for Co-operative Movement in Kenya
IG (Invest & Grow) Sacco formerly Kakamega Teachers Sacco is the 2016 best overall Sacco in Kakamega in the International Day for Cooperatives after scooping seven awards out of the possible sixteen. Western Shuttle settled for the first runners up position with four trophies to their name. On the lowest expenditure Sacco category, IG (Invest…
By Stephen Makabila The unveiling of the new co-operative policy is set for December following fast-tracking efforts by government through the State Department of Co-operatives, Ministry of Industry, Trade and Co-operatives. Already, the Policy in its draft form has been cleaned-up and fine-tuned through financial support from the Agriculture Sector Development Programme (ASDP). A senior…
emBy Tsozungu Kombe Saccos have been urged to embrace Information Communication Technology ( ICT ) in a bid to enhance efficiency and deliver services to members. Alfred Mlolwa, Quetu Sacco chairman and KUSCCO Director for Coast and North Eastern said many Saccos had failed to deliver quality services to members due to lack of ICT…
By Wesley Ken Nufaika Sacco Society Limited which was ranked Society with the highest dividend rate in Kirinyaga County is giving back to the community through its Corporate Social Responsibility (CSR) programmes. It paid dividends to members at the rate of 13 per cent, the highest in the County and is the reason it was…
By Jackson Okoth An American consultancy appointed to assist the Sacco Societies Regulatory Authority (SASRA) set up a facility to allow Saccos lend to each other like banks do, is almost completing the task. Madison-based Dave Grace & Associates is expected to provide a roadmap for establishment of central liquidity facility for Savings and credit…
. By Joseph Mukubwa Nakonn Sacco Limited gross income improved from Sh2.28 million to Sh4.35 million in the last financial year. The Sacco chairman, Geoffrey Kamau expressed optimism that the institution would record more growth this year. He said vans belonging to the society registered an impressive income during the year with gross income of…
By Titus Murithi Embu-based Trans Nation Sacco is in the process of training its members on the Society’s latest products and services, including its digital platforms. This programme is to be carried out by Sacco officials in all the branches of the Society. Members will be introduced to the Societies new premium shares which have…
By Tsozungu Kombe Kilifi County residents have been urged to join Saccos in large numbers to uplift their living standards. Speaking during this year’s Ushirika Day at Barani Secondary School in Malindi town, the Executive Committee Member for Education, Salma Ahmed who was representing her Cooperatives Development counterpart Alphonce Tokali told the residents that joining…
By Eric Nyariera Formation of many small Sacco societies is killing the Co-operative movement in Kisumu County. Industrialization, Energy, Enterprise and Development County Executive Committee (CEC) member, Johnson Awuor speaking during Ushirika Day celebrations in Kisumu, lamented that although the county has more than 400 registered Saccos, many of them were ineffective. He said the…
By Wesley Ken. Ardhi Sacco Society Ltd is rolling out various exciting initiatives to transform members’ economic and social welfare. The Sacco is not only scaling up services delivery, it is also diversifying loan products, offering low interest rates on products and opening up the common bond of the society in order to attract more…
