Journalists in Kakamega have formed a Savings and Credit Cooperative Society (SACCO) to support themselves in the ever-changing media environment that is leading to massive job losses.
The Sacco, to be known as Kakamega Media Savings and Credit Cooperative Society (KAMSACCO), will provide savings and investment opportunities for journalists with irregular incomes.
The Chairperson of the Kakamega Rural Media Gatekeepers (RUMEG), Cyrus Akhonya, noted that with the Sacco, journalists will not strain to look for finances for their own empowerment when they face challenges. "You know what is happening to media houses.
Media business is a bit challenging right now; every media house is facing financial shocks, so we have to prepare ourselves as Kakamega journalists and be ready to face these challenges," he noted.
