200 Non-compliant Saccos face the axe

By Our Reporter. Up to 200 Saccos that are non-compliant with the law will be deregistered, Sacco Review has established. At the top of the list of Saccos that will be struck off societies register are those that have in the last three years not submitted audited annual financial results and therefore are out of…

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Kiambu Co-ops scoop awards

By Felix Wanderi. Kiambu Cooperatives and societies emerged winners in most of the categories in the recent celebrations of Ushirika Day. In the Dairy sector; Githunguri Dairy Farmers Cooperative Society emerged the winner of Best Managed Sacco and the best in value addition, while Kiriita Dairy Farmers Cooperative Society and Limuru Dairy Farmers Cooperative Society…

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Co-operatives decry huge taxes

By Benedicto Ng’etich. Co-operators have slammed the high taxes levied on societies by the National Government. Led by the chairman of Simba Chai Savings Co-operative Society, Engineer Joseph Mitei (pictured), the cooperators complained of the ever increasing National Government taxes that are levied on societies. “We want people who are elected into various political offices…

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Coops hailed as key economic drivers

By Kage Njoroge. The future economic prosperity of Muranga County will rely on the co-operative sector, Governor Mwangi wa Iria has said. The governor said the region’s wealth can be attributed to its cooperative societies, fueled by its enterprising and growing membership. Speaking during the 2017 Ushirika Day celebrations at Ihura Stadium in the county,…

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Kiambu Co-ops scoop awards

By Felix Wanderi. Kiambu Cooperatives and societies emerged winners in most of the categories in the recent celebrations of Ushirika Day. In the Dairy sector; Githunguri Dairy Farmers Cooperative Society emerged the winner of Best Managed Sacco and the best in value addition, while Kiriita Dairy Farmers Cooperative Society and Limuru Dairy Farmers Cooperative Society…

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Sugarcane Co-ops appeal for tax waiver

By Benedicto Tirop. Sugarcane Savings and Co-operatives Societies (Saccos) leaders have urged Kericho County Government to waive cess levied on their earnings to enable the sector compete effectively in availing financial aid to Kenyans. Led by the Chairman, Joash Korir, members of Chepkoinik Cooperative Society said the County should scrap the collection of Sh15,000 per…

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Mosop youths to benefit from NYS Sacco

By Our Reporter. At least 900 youth in Mosop Constituency of Nandi have been enlisted to undertake civil works under the National Youth Service (NYS) Kazi Kwa Vijana Programme. The programme will see the youths save their funds in Savings and Credit Co-Operative Societies (SACCOs) in partnership with the Ministry of Tourism and Cooperative Development….

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Saccos realized over Sh 1.2bn turnover in 2016

By Tsozungu Kombe. A big number of registered Savings and Credit Cooperative Societies (Saccos) in Kilifi County earned a remarkable turnover of over KSh 1.2 billion in 2016 According to Kilifi County Cooperative Commissioner, Mary Mkare, the 243 registered Cooperative societies in the County have a membership of 95,818 with turnover of some of the…

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