Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Kenya Tea Development Agency (KTDA) tea directors from the Mogogosiek group of companies in Konoin Sub-county, Bomet County, have reassured farmers that next year’s bonus will significantly improve, following a series of reforms and an extensive audit conducted across factories in the region. Speaking during the Annual General Meeting (AGM) at Mogogosiek Tea Factory,…
The Tea Board of Kenya (TBK) has asked the Mombasa County government to scrap the Ksh7,000 levy charged on every truck transporting tea to the port city. The board says the fee is eating into farmers’ bonuses and weakening the sector’s competitiveness. TBK Chief Executive Willy Mutai explained that in every 21,000 kilos ferried to…
The Ministry of Cooperatives and Micro, Small, and Medium Enterprises (MSME) Development has cautioned SACCOs against paying unrealistic bonuses, dividends, and interest, as such cash outflows could cause liquidity challenges if not properly managed. Through a circular sent to SACCOs by the State Department of Cooperatives, the Office of Commissioner David Obonyo stated that the…
