Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Mombasa County Government will spend Ksh. 8 million from its recurrent budget to run cooperative society activities in the region, Sacco Review has reliably established. Speaking to Sacco Review from Mombasa town recently, Mombasa County Cooperatives Director Mr. Nelson Nyoro said the same money will also be spent to revive some dormant…
By Munene Maina The State Department of Co-operative has issued a notice to dormant co-operative societies to shape up or close shop. Permanent Secretary in the department Ali Ismail said they will liquidate all non-performing societies in the country. Statistics from government indicate that more than half of over 21,000 registered societies are inactive. In…
By Godfrey Wamalwa Bungoma County Governor Wycliffe Wangamati has said his Government will provide necessary support to revive dormant Saccos and support their growth. He said the County Government will seek support of County Assembly members in legislating laws that will seal the loopholes in the co-operative sector used by unscrupulous people to run down…
By Azael Masese The Government will soon dissolve more than 5,000 dormant co-operative societies as it seeks to tighten the loose ends in the otherwise vibrant sub-sector. Senior Deputy Commissioner in the State Department for Cooperatives Geoffrey Njang’ombe said that though there are more than 20,000 societies less than a half are active. “We want…
