Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Qwetu Sacco chairman Alfred Mlowa has urged members in the Coast region to embrace a saving culture for better returns in future. Speaking during the Tabasamu Sacco Annual General Meeting (AGM) held at Diani Forest Lodge, Ukunda in Kwale, Mlolwa said regular savings enables members to get bigger loans. Big transactions, he…
By Roy Hezron The Co-operative Sector Baseline Survey report released recently revealed that Nairobi County has the highest number of dormant co-operative societies in the country. A total of 5,723 co-operatives were found to be dormant with Nairobi having1,459, while Mombasa and Kisumu had 425 and 417 dormant co-operatives. The counties with the least number…
By Roy Hezron Cooperative societies raised a total of 13 million to the Co-operative Coronavirus Response Committee (CCRC) to fight the Covid-19 pandemic. The committee was constituted by the Department of Co-operatives to cushion vulnerable members in the co-operatives sector who were heavily affected by the pandemic. Speaking to Sacco Review, Commissioner for Co-operatives Mr….
By Malachi Motano Saccos in the country are owed nearly 4 billion shillings in non-remittance of deductions from members. According to the Kenya union of cooperatives (Kuscco) managing director George Ototo, the 3.8 billion is largely owed by government linked institutions Speaking during the sixth annual Sacco leader’s convention held in Mombasa, Ototo said universities,…
By Patrick Odenyo Kenya Union of Savings and Credit Co-operatives (KUSCCO) has launched a series of projects that will culminate into improved service delivery and efficiency for Sacco members. Addressing delegates in Nairobi’s Laico Regency Hotel during the 31 Annual Delegates Meeting, Kuscco Managing Director George Ototo said that last year’s transformative journey is set…
By Wesley Ken. Magereza Sacco is one of the giant savings and credit societies in Kenya that has taken a leap into the property market. The Sacco has bought land in Isinya to sell to its members and non-members. The land is subdivided into parcels of 1 acre and 1/8 acre plots totaling 1, 003….
