Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Commissioner for Cooperatives Development David Obonyo has commended Muungano Women Group Housing Cooperative for playing a key role in offering affordable housing in line with the Bottom up Economic Transformational Agenda (BETA). Represented by Morris Mworia from his office, the commissioner lauded the cooperative for empowering women and cooperatives in general for playing a significant role in supplementing…
Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department depends…
Cooperatives Cabinet Secretary (CS) Simon Chelugui has proposed that Saccos be allowed to clear their cheque books directly as opposed to the current practice of doing it through commercial banks. The CS said Saccos were incurring a lot of expenses when clearing their cheques through commercial banks. “I believe that Saccos will be able to…
Over 100 firms in the real estate sector have formed an association dubbed Real Estate Stakeholders Association to help end the many cases of Kenyans being conned millions of shillings by fraudulent land buying and selling companies. According to Zani Properties Limited chairman Shamton Githere, the association will play a pivotal role in regulating the…
Cooperatives Commissioner David Obonyo has urged the sector to be guided by the values and principles of the cooperative movement in their operations, with a view to standing out from other business models. Obonyo noted that the core mandate of CAK is to ensure cooperatives entrench the principles and values of cooperatives so that its…
Dr Joseph Mwiti’s innovation of manufacturing cement using clay will serve as a welcome relief to thousands of Kenyans who aspire to build home. Dr Mwiti, a lecturer who teaches Chemistry at Meru University of Science and Technology(MUST), believes that using clay to make cement will revolutionize construction and provide a solution to high costs…
Saccos Societies Regulatory Authority (SASRA) has been asked to ensure interests of all members of the 360 Saccos in the country are protected and that adequate revenues are generated. Cabinet Secretary (CS) for Cooperatives and Micro, Small and Medium Enterprises Simon Chelugui asked SASRA’s chief executive (CEO)Peter Njuguna to also ensure that members comply with…
KTS, formerly Kitui Teachers Sacco, has invited suitable local constructors for the construction of an office block on plot number LR KYANGWITHYA/TUNGUTU/3892. The minimum and mandatory qualifications include possession of a pre-qualification document, incorporation or registration certificate, valid tax compliance certificate and a recent copy of CR 12. Current registration with the national construction authority…
The exponential growth of some Saccos can aptly be attributed to their decision to open their common bonds to attract persons from outside their original catchment areas. Such moves are welcome as long as they are done in reasonable measures and do not compromise the quality of services offered to members as Saccos embark on…
The Lake Region Economic Bloc (LREB) has called for the implementation of the past recommendations seeking to revive the ailing sugar sub-sector. Speaking during a sugar summit in Kakamega, LREB chairperson Professor Peter Anyang Nyong’o said the resolutions, such as those contained in the 2019 Sugar Industry Stakeholders Task Force Report were good hence the…
