Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Former Gor Mahia striker Achieng Jared has talked of the need to turn Gor Mahia Legends Welfare Group into a Sacco. His sentiments follow Information Communication and Technology Cabinet Secretary Eliud Owalo’s move to pump a seed capital of Ksh1 million into the welfare group for sustainability and to enable them undertake income generating projects. “A…
The recently released data by SASRA has revealed that most Saccos adopted the use of ICT in offering financial services to their members. The data revealed that the technological channels used include Sacco agencies, ATMs or mobile money transfer. According to SASRA, the new norm is replacing the clamour for brick and-mortar physical branches which…
Retired Boresha Sacco CEO Moses Chebor has revealed that between 1985 to 2020, Sacco’s asset base increased from Ksh15 million to Ksh8 billion. Chebor said the achievement was enhanced by cooperation between all Sacco members. During this interview, he revealed the top ten managerial skills they used to push Sacco to greater heights. He said…
By Obegi Malack Commissioner for cooperatives David Obonyo has challenged Saccos to invest in robust Information and Communication Technology (ICT) system in all their operations to improve competitiveness. The commissioner, who was speaking during Sheria Sacco’s Annual Delegates Meeting, said the Covid-19 pandemic proved that ICT system is a must for Saccos. He said…
By Collins Akong’o Saccos in Mombasa County have been urged to seriously embrace information and communication technology in order to enhance efficiency in service delivery. County Co-operatives Director, Nelson Nyoro said technology was the surest way of offering quality services. He was speaking during Tramom Sacco recent annual general meeting. The Sacco supervising committee chairlady…
By Kage Njoroge Amica Savings and Credit Society, one of the fastest growing Saccos, has urged its customers to embrace emerging technologies and transact their business on the Sacco’s ICT money transfer platforms for their convenience. Amica Sacco’s management calls on its clients to take up technology based alternative channels to access quick services, without…
By Our Reporter The Ministry of Industry, Trade and Co-operatives is expediting review of legal, policy and institutional framework to promote savings mobilisation, financial deepening and access among citizens. Commissioner for Co-operatives Development Mary Mungai has said disharmony in legal and policy frameworks can result in unsustainable practices that may lead to poor governance and…
By Wesley Ken Solution Sacco Limited has formulated its strategic plan targeting to grow total assets to Sh10 billion by the year 2020. This Strategic Plan focuses on key strategic areas that will steer the Society into greater heights. The overall objective of the strategic plan is to enable the Society be financially stable and…
By Staff Writer There used to be a day when it would take one a whole day to travel from your house to the nearest Sacco branch, transact, paybills and travel back. Nowadays, you can transact and paybills on your phone in under 2 minutes and get on your business. Tangazoletu Limited, a Kenyan ICT…
