Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Faulu Microfinance Bank has secured more than KSh 900 million from its parent company, Old Mutual, to enhance its operations and revamp its business model for sustained growth. The company plans to utilize the funds to expand its digital banking services and to realign its distribution channels and human resources to promote sustainable growth. Faulu…
Nandi Deputy Governor Yulita Mitei has urged Saccos to develop products that are favourable to farmers to boost food security. Speaking at Kapsabet Showground during a two-day business trade exhibition organized by Kapsabet Showground in conjunction with Nandi County Government, Dr Mitei said the county administration has invested heavily in the agriculture sector calling on…
Apstar Sacco, formerly Ukulima Sacco recently opened its ninth branch in Meru County at Greenwood City Mall. The eight other branches are in Nakuru, Kisii, Kisumu, Eldoret, Nairobi, Embu and Kakamega counties. Meru Governor Kawira Mwangaza, who graced the opening ceremony lauded the Sacco for expanding its presence across the country. “We are grateful that…
The African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) has partnered with VISA to launch Financial Inclusion in Kenya and Tanzania (FIKT) project to improve access and usage of formal financial services among underserved communities and small businesses. The project aims to leverage the strength of the Sacco sub-sector in Africa and the Visa…
The government will use small-scale mining cooperatives to supply construction materials for the affordable housing projects across the country. Mining Principal Secretary (PS) Elijah Mwangi said that his department has signed a Memorandum of Understanding with the Housing Department for the miners to provide over 60 percent of the materials required for the projects. Speaking…
