Governor vows to dissolve rogue cooperatives snatching land from members

Machakos County Governor Wavinya Ndeti has declared that cooperative societies working with rogue officials to dispossess members of their lands will be dissolved. Speaking outside her office after holding deliberations with the Senate Committee on Trade, Industrialization and Tourism following an invitation by Machakos Senator Agnes Kavindu and Drumvale Farmers’ Cooperative Society, the governor said…

Read More

Saccos urged to adhere to the law

By Agnes Orang’o A lot of conflicts witnessed in cooperative societies are contributed by failure to follow the rules of cooperatives, says Benedict Ngumbau Chief Officer of Cooperatives in Machakos county. Ngumbau spoke after visiting Koma Housing cooperative society and commended them for their commitment to ensuring every member benefits. Chief Officer said that many…

Read More

Machakos County issue over Sh138 million to Saccos and CBOs

By Stephen Muthini Farmers in Machakos County have received financial boost to increase productivity after the County government issued cheques worth over Sh138 million to various Cooperative Societies and Community Based Organizations. The cheques were issued by governor Wavinya Ndeti at Machakos People’s Park where farmers’ groups also showcased their products. The event billed as…

Read More

Invest in Saccos, Governor urges Vihiga residents

By Roy HezronVihiga County Government has committed to support Savings and Credit Co-operatives (Saccos) throughestablishment of a revolving fund.Speaking during a stakeholders meeting to discuss the performance of the Vihiga County Traders Saccoin December 2022, the County Governor Dr. Wilber Ottichilo hinted that the Sacco, which mainly drawsits membership from micro and small traders, would…

Read More
SACCO

SASRA cancels four DT Sacco licences

By Staff Reporter The Sacco Societies Regulatory Authority (SASRA) withdrew the licenses of four deposit-taking Saccos by close of December 2021. Effectively, the four are barred from conducting deposit-taking business in 2022. Affected Saccos are Nyamira Tea Sacco Society Ltd, Uchongaji Sacco Society Ltd, Nanyuki Equator Sacco Society Ltd and Comoco Sacco Society Ltd. SASRA…

Read More

Saccos contribute 80% of housing projects in the country, says Co-op PS

By Obegi Malack          obegimalack@gmail.com The Permanent Secretary for State Department of Cooperative Ali Noor Ismail has commended cooperatives for their contribution in the government agenda of affordable housing. The PS who was speaking during Ukulima DT Sacco’s 50th anniversary in a Nairobi Hotel said the Saccos provides 80% of housing needs in the country…

Read More
Don`t copy text!