Outlook for Co-op industry in 2020
By Jackson Okoth Economists are already projecting tougher times for Kenya’s economy this year. But even with grim prospects and gloomy statistics, the resilient Co-operative industry is putting on a brave face. Latest figures from Sacco Societies Regulatory Authority (SASRA) databases indicate that Kenya’s Sacco Sub-sector holds total assets worth more than Sh 442.3 billion…
Ushirika Day: Best Saccos in Picked
High achievers in the Sacco business named By Jackson Okoth Kenya Police Sacco was voted the Best Managed Saving and Credit Co-operative Society countrywide during a prize-giving ceremony to mark the 97th of International Day of Co-operatives, held at Safari Park Hotel in Nairobi.
Kenya Bankers Sacco to gift loyal members in Christmas raffle draw
Kenya Bankers Sacco has launched a Christmas raffle draw which will see members who deposit more than their usual monthly savings gifted shopping vouchers with a goat as the grand prize. To qualify, members must have a minimum share capital of Ksh30,000 and have made deposits between November 24 and December 20. The Sacco will…
Cooperative University praised for enhancing Sacco sector
The Ministry of Cooperatives and MSMEs Development Cabinet Secretary, Simon Chelugui, has highlighted the important role played by the Cooperative University of Kenya (CUK) in enhancing professionalism within the cooperative movement. According to him, the university’s contribution in equipping and training the workforce in the cooperative sector is crucial for the sustainability of Saccos. “As…
New KCC will not be privatized, Chelugui says
The New Kenya Co-operative Creameries Limited (New KCC) will not be included in the list of 11 state corporations slated to be privatized. According to Cooperatives and MSMEs Development Cabinet Secretary Simon Chelugui, there is a four-year Cabinet decree that invalidates the privatization of the New KCC. During a meeting with the management in Naivasha,…
Stanbic Bank, County partner to train VTC instructors on digital skills
Stanbic Bank has partnered with the County government of Taita Taveta to provide a one-week digital skills training to Vocational Training instructors, and Micro, Small and Medium Enterprises (MSMEs) entrepreneurs on the use of online platforms to grow their businesses. Speaking at Mwanjila Vocational Training Center (VTC) in Bura on Friday after receiving 10 desktop…
KCC set to design new Strategic Plan despite imminent sale
Despite facing an imminent sale, New Kenya Cooperative Creameries (KCC) remains steadfast in its pursuit of launching a new Strategic Plan. Cabinet Secretary for Cooperatives and MSMEs Development, Simon Chelugui, joined New KCC’s Board of Directors in Naivasha on November 30 to contribute to the development of the Plan. He emphasized the significance of the…
Alex Chamwada proud to catalyze growth of Cooperative movement
Alex Chamwada, the Founder and Chief Executive Officer (CEO) of Chams Media, a communication consultancy firm specializing in content creation, has expressed pride for contributing to the growth of the cooperative movement. The media personality, who worked with several national TV stations before debuting his renowned programme – ‘Daring Abroad’ – made the remarks while…
Taita Taveta County launches animal feeding strategy for next 10 years
The County government of Taita Taveta has joined counties eyeing the livestock export market following the official launch of the Livestock Feed Strategy 2022 – 2032 on Thursday at Panlis in Mwatate. The 10-year plan aims at promoting efforts to address the livestock feed deficit in the county which currently stands at 60%. According to…
Housing Director urges Kenyans to support affordable Govt’s housing programme
National Housing Corporation (NHC) Director Joshua Nyamori has asked Kenyans to support the Affordable Housing Programme aimed at providing affordable housing. The Director, who is also a Lawyer, said that the programme aims to ensure low-income earners have access to decent housing. Nyamori, who was speaking in Kisumu during a housing exhibition, he observed that…
Hustler Fund to increase loan limits for loyal borrowers
President William Ruto has announced that the loan limit for committed Kenyans patronizing the Hustler Fund scheme will be increased. Speaking during the first anniversary celebrations of the Fund, the President said that the limits will be adjusted based on the frequency of borrowing. “Those who have borrowed 10 times will see their limits increase…
Hazina Sacco invites members in Kajiado for an Education Day
Hazina DT Sacco has notified members of an Education Day which will be held on December 1 at Tebeboo Hall, ACK Kajiado Church starting at 8:00 am. “We urge all members to attend and not miss out on this valuable opportunity,” a post from their social media page read. Education, Training and Information is one…
