The Leading Newspaper for Co-operative Movement in Kenya
By Amoto Dennis. Co-operatives in North Eastern Kenya have been urged to entice more youth to join the movement. Community Owned Finance Initiative (COFI) Chief Executive, Salesio Njeru said young people were conspicuously missing out in savings and credit societies which charge lower interest rate on borrowed money as compared to commercial banks. Njeru said…
By Staff Reporter. Leaders in the Co-operatives sector in the region have been urged to embrace cyber security to help safeguard members’ deposits. Garissa Kenya National Union of Teachers (KNUT) Secretary, Abdirizack Hussein urged especially Saccos to invest in technology that will protect them in the event of an attack because cybercrime is on the…
By Tsozungu Kombe. Ushuru Sacco Society has disbursed Sh 2.4 billion in loans to its members as at the close of financial year ending 31st December, 2016. Speaking during the Ushuru Sacco Annual Delegates Meeting (ADM), held at Flamingoes Beach Hotel, Mombasa County recently, Chief Executive Officer William Pudha said the society’s total assets stood…
By Tsozungu Kombe. Sacco members have been urged to repay loans in good time to enable societies to boost their capital. Speaking during Mafanikio Sacco Annual General Meeting (AGM) held at Baptist High School Hall in Mombasa town recently, KUSCCO Director in charge of Coast and North Eastern Regions, Alfred Mlolwa warned that defaulting will…
Mafanikio Sacco, formerly Mombasa Teachers Sacco Ltd has officially opened a branch in Ukunda town, Kwale County. The Ukunda branch situated at Arusha Plaza along the Likoni-Lunga Lunga road aims to bring services closer to the residents. Initially, residents of the county travelled long distances to Mombasa town to access Mafanikio Sacco services. However, with…
By Boniface Mulu. Kitui County Government has constructed 16 honey processing factories for local beekeeping cooperators, a juice processing factory for the Mwingi Horticulture Farmers Cooperative Society Limited in Mwingi sub county, among other projects. County Trade, Industry, ICT and Cooperatives Development CEC, Jonah Mwinzi, said the county government has also purchased a milk cooler…
KITUI Kitui Women Savings and Credit Cooperative Society Limited has embarked on a process to mobilise cheap capital for members to enable them start development projects through appropriate researched products supported by skilled human resource. Chief Executive Officer, Elias Waki said the core values of the society remains integrity, accountability, transparency, democracy, equity, equality and…
By Dennis Bett. Elgeyo Marakwet Youth Bunge Sacco has embarked on a mission to invest in assets and business generating activities as a way of empowering the members. Speaking recently in Iten Town during its Annual Delegates Meeting, the Society’s Chairman Nathan Tanui said that the society is heading in the right way and had…
Some 41,000 coffee farmers from Mt Kenya region are set to benefit from Sh70 million training programme initiated by Nestle Kenya to help boost production and quality of their produce. The programme which will offer training and technical advice in the next three years also seeks to encourage participation of women and youth in coffee…
By Tsozungu Kombe. Imarika Sacco’s total assets grew by 31 per cent last year compared to 19 per cent in 2015. Imarika Sacco Board Chairman, Renson Ndoro speaking during the Sacco’s Annual Delegates Meeting (ADM) at Travellers Beach Hotel, Mombasa County urged members to increase monthly deposits to enable the society provide more loansat affordable…
