shares - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

MPs raise concern over planned sale of Portland Cement shares

Sacco ReviewSeptember 17, 202504 mins

Members of Parliament, MPs have raised concerns over the planned sale of a significant stake in East Africa Portland Cement (EAPC) to Kalahari Cement Limited. The MPs under Committee on Trade, Industry and Cooperatives chaired by Benard Shinali (Ikolomani) said the transaction has been shrouded in secrecy, with neither the management nor employees of the…

PS Cooperatives urges SACCOs to hire competent officials

Sacco ReviewMarch 21, 2024March 23, 202402 mins

Principal Secretary Department for Cooperatives Patrick Kiburi Kilemi has asked Sacco members to always hire competent officials to run the SACCOs. He said incompetent officials are not able to perform leading to poor performance of most firms. Speaking during APSTAR Sacco (former Ukulima Sacco) 46th ADM at Serena Hotels he said the board should also…

Smiles for savers as Saccos pay high dividends

Sacco ReviewMarch 2, 202403 mins

Top Saccos in the country are paying members at least four per cent more in dividends for their 2023 savings compared to a year earlier. Most cooperatives attributed the performance to muscular growth in its net interest income, enhanced member deposits and increased membership. Safaricom Investment Corporative (SIC) members will take home KSh142.4 million in…

Muka Mukuu Cooperative members urged not to sell their shares

Sacco ReviewJanuary 17, 2024January 17, 202403 mins

Muka Mukuu Farmers’ Cooperative Society members have been urged not to sell their shares as the Society’s fortunes have improved and are recovering steadily. Speaking while addressing them during their Annual General Meeting (AGM) at the Society’s grounds along Tala-Thika road, Chairman Dominic Nthwao said that they had revived stalled projects and there were others…

Increase Sacco shares to qualify for higher loans, members told

Sacco ReviewAugust 21, 2023August 21, 202302 mins

Uasin Gishu County Executive Committee Member for Trade, Industrialization, Tourism, Cooperatives, and Enterprise Development Martha Cheruto has urged cooperators to work on increasing their Sacco shares and deposits to enable them to access the County Enterprise Development Funds that attract low-interest rates on loans. “Higher savings enable one to qualify for higher loans,” she said….

Not all Sacco contributions are shares

Sacco ReviewOctober 15, 2021October 15, 2021010 mins

By Fred Sitati The treatment of member’s shares in Saccos has remained both contentious and emotive because of limited understanding of how members’ shares should be treated upon cessation of membership. That not only confuses ordinary members but also some of their leaders including those engaged in Sacco education and training. It will be recalled…

Not all Sacco contributions are shares

Sacco ReviewOctober 13, 2021October 13, 2021010 mins

By Fred Sitati The treatment of member’s shares in Saccos has remained both contentious and emotive because of limited understanding of how members’ shares should be treated upon cessation of membership. That not only confuses ordinary members but also some of their leaders including those engaged in Sacco education and training. It will be recalled…

Western

Buy shares to boost Saccos, residents told

Sacco ReviewSeptember 4, 201801 mins

By Our Reporter Bunyala Sub-county Co-operative Officer Fred Odalo has told Busia County residents to increase their co-operatives’ shares to improve their Sacco’s financial status. Odalo said the Government was strict in ensuring no managers were running Saccos down. He also urged co-operators to stay alert and report any suspicious activities in their co-operatives. He…

Market your Saccos, co-operative delegates told

Sacco ReviewJune 8, 2018June 8, 201801 mins

By Our Reporter Kericho County Director of Co-operatives Leonard Otii has asked Sacco delegates to be in the forefront in marketing their Saccos to attract more membership. Otii also said Sacco delegates should lead by example by being in the forefront of buying shares to boost stability of their Saccos. Otii spoke during this year’s…