Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese Suba Teachers Savings and Credit Co-operative Society has rebranded to Fortitude Sacco, in a move aimed at improving its critical market segments. Chief Executive Officer Mr Odhiambo Muganda said opening the common bond followed complaints from the public that the previous operations had locked them from accessing their financial services. “Our key…
By Our Reporter Kilifi County Government will strive to ensure that it creates an enabling environment for the growth of co-operatives. The County Executive Committee Member in charge of Trade, Tourism and Co-operative Development Nahida Mohamed said the county will soon come up with policies on co-operative development. She said the legislation and policies will…
By Staff Writer Small business owners in Kakamega County have formed a Sacco to enhance their businesses growth. “It will offer loans and business skills so that traders do not rely on hand-outs from politicians,” said Women Representative Elsie Muhanda. Muhanda, who spearheaded the Sacco’s formation, said it will offer members loans and training on…
By Kiptanui Rutto Mhasibu Sacco Chairperson Andrew Bulemi and Treasurer Charles Miricho have once again won the hearts of their members for being re-elected to office in a much hyped elections that attracted 10 contenders. Speaking during the event, a long serving financial coach Patrick Wameyo who was the guest speaker lauded the Sacco board…
By Munene Maina Nyeri Governor Mutahi Kahiga has pledged to revitalize the co-operative sector in the county. The Governor said his Government will employ more staff in co-operative department to fast-track inspection of all co-operatives. “Co-operatives are essential in our county economy and we are committed to promoting good governance in all societies,” said the…
Winas Sacco has appointed Pauline Mwaniki as a CEO, replacing David Kariuki, who was elected Embu Deputy Governor. He has been acting in that capacity for two months. Winas chairman Robert Kithanju said they had settled on Mwaniki after she emerged the best in interviews. Speaking during the sacco’s children’s Fun Day held at University…
By Munene Maina Saccos have been asked to embrace modern technology in service delivery. Equity Bank General Manager in charge of Corporate Banking Moses Ndirangu said use of technology will strengthen saccos operations and ensure they match up to the competition. Ndirangu called on leaders in co-operatives to fasttrack the process of expansion to ensure…
By Azael Masese The Government will put brakes on expansion of Savings and Credit Co-operatives (Saccos) to ensure there is regulated growth and financial stability in the sub-sector. Senior Deputy Commissioner in the State Department of Co-operatives Geoffrey Njang’ombe said loan repayment is posing a serious challenge hence the need to take the necessary steps….
