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…

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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…

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Taraji Sacco spreads wings to Homa Bay County

Siaya-based Taraji Sacco is set to open a satellite office in Homa Bay County to spur growth in line with its new 2023-2027 strategic plan. Speaking during the Sacco’s 44th Annual General Meeting (AGM), Sacco chairman Charles Ochieng’ Ngutu revealed that a survey conducted recently established that there was an opportunity for business there. “After carrying…

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Do cooperatives still value the democratic member control principle?

As a financial year comes to an end, cooperatives need to review the year’s performance through the annual general meetings. Cooperatives are democratic organizations that are controlled by members, who actively participate in setting policies and making decisions. Members are the source of all authority and the basic unit of democratic control. Members need to…

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How proposed extension services law will revitalize Agriculture sector

The government plans to revive agricultural extension services through the Agricultural and Livestock Extension Services Bill, 2022, which when passed into law, will establish the Agricultural and Livestock Extension Service (ALES). The corporate body will be mandated to enhance the competitiveness of the agriculture and food industries and increase their long-term productivity. It doing this,…

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