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

Public varsities, colleges owe highest non-remitted funds to SACCOs

Sacco ReviewSeptember 13, 2024September 13, 202403 mins

Public universities and tertiary colleges owed the largest proportion of non-remitted funds for SACCOs in 2023, a report by Sacco Societies Regulatory Authority (SASRA) has revealed. According to the Sacco Supervision Annual Report 2023 released this week, the institutions owed Ksh958.07 million which translates to 37 per cent of the total non-remitted funds. Subsequently, county…

Kisumu to host this year’s annual tourism week fete

Sacco ReviewSeptember 13, 202404 mins

The Governor of Kisumu County Professor Anyang Nyong’o has revealed that the county will be hosting this year’s Kenya Tourism Week and United Nations World Tourism Day. Nyong’o in a statement made recently expressed his excitement ahead of the prestigious event slated for September 23-27 and guided by the theme “Tourism and Peace.” He revealed…

Sacco members urged to back formation of industry watchdog

Sacco ReviewSeptember 12, 202402 mins

The Cabinet Secretary (CS) for Cooperatives and MSMEs Development Wycliffe Oparanya has urged Sacco members across countrywide to back the creation of a federation to regulate Saccos as proposed in the Cooperative Bill 2024 currently before Parliament. Speaking during the launch of the SACCO Societies Regulatory Authority (SASRA) Supervision Report, Oparanya asserted that creation of…

Kakamega county triumphs in water, sanitation championships

Sacco ReviewSeptember 12, 202404 mins

Kakamega County Water and Sanitation Company (KACWASCO) has reason to celebrate after successfully defending its titles in both soccer and Isukuti dance championships during the 13th edition of the WASCO games held in Murang’a County last month. Kakamega County Governor Fernandez Barasa received the coveted trophies on behalf of the KACWASCO teams, which demonstrated remarkable…

Saccos Urged to Innovate New Products to Boost Active Membership

Sacco ReviewSeptember 12, 2024September 12, 202402 mins

The Sacco Societies Regulatory Authority (SASRA) has urged Saccos to develop new savings and credit products tailored to the changing needs of members, a move that will greatly reducing dormant accounts. SASRA, in a report released on Wednesday, noted that reactivation of dormant accounts should be the top priority for Saccos that seek to boost…

Govt to create 5 million MSME jobs in 3 years, Oparanya says

Sacco ReviewSeptember 12, 2024September 12, 202409 mins

The government targets to create five million jobs in the Micro Small and Medium Enterprises (MSMEs) sector in the next three years, Cooperatives Cabinet Secretary Wycliffe Oparanya has revealed. Oparanya disclosed that currently 15 million Kenyans are employed in the MSME sectors and the government has plans to move the number to 20 million in…

Farmers still using harmful chemicals to produce food, consumer lobby says

Sacco ReviewSeptember 12, 2024September 12, 202403 mins

Consumer Grassroots Association (CGA) has regretted that some farmers are still using harmful chemicals to produce food and remain ignorant of modern practices. Speaking during a workshop in Karen attended by journalists, food experts, agriculture officers, farmers, and civil societies concerned with food systems, CGA director Alice Kemunto said that most farmers lack the knowhow…

New KCC re-advertises position of Managing Director

Sacco ReviewSeptember 11, 202402 mins

The New Kenya Co-operative Creameries (New KCC) has re-advertised the position of Managing Director (MD) to replace Nixon Sigey whose tenure at the creamery is drawing to a close. In a job advert made by the creamery, the interested party must be a team leader with a track record in business leadership. “We are seeking…

SASRA releases list of top Saccos, Mwalimu Sacco maintains top position in Kenya, Africa

Sacco ReviewSeptember 11, 2024September 11, 202405 mins

Mwalimu National SACCO has maintained its top position as the largest SACCO in Kenya and Africa with an asset base of over Ksh.66.43 billion this is according to Sacco Societies Regulatory Authority (SASRA) 2023 Annual SACCO Supervision Report. The report released on Wednesday indicated that Stima DT Sacco commands ksh 59. 15 billion taking second…

Oparanya disbands Barichu Farmers Cooperative’s management

Sacco ReviewSeptember 11, 202403 mins

Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Wycliffe Oparanya, has disbanded the management of Barichu Farmers’ Cooperative Society Limited in Mathira Constituency, Nyeri County. During a visit to the society in Karatina town yesterday where he met with thousands of farmers, Oparanya ordered the immediate removal of the management to allow for…