Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Elgeyo Marakwet County Executive Committee Member (CECM) for Cooperatives, Trade, Industrialization, Tourism and Wildlife Robert Kangogo has hailed cooperative societies for their pivotal role in transforming lives in communities. Speaking during the regional Ushirika Day celebrations at Iten grounds, the CECM said the sector was in tandem with the national government’s bottom up economic transformation…
Michael Ochieng and his partner Esther Omcheni have co-owned Afritech, a print media investment since 1997 but the fortunes improved after the joined Universal Traders Sacco (UTS). They shared with this writer the sweet journey they have walked with UTS since they became members. “I came to know of the Sacco through one of its…
President William Ruto has reiterated that the national government is keen on supporting cooperative societies to improve the economy of the country.Speaking during the 101st Ushirika Day Celebrations at the Kenyatta International Convention Centre, the president said the government will work with cooperatives to improve livelihood of Kenyans.“My administration understands the importance of cooperatives. That…
Peter Kariuki is the Chief Executive Officer for Sheria Sacco, one of the leading tier 1 Deposit-Taking Saccos in the country. He speaks elaborately on his vision for the Sacco in an interview with our reporter. He talks about the Sacco’s expansion plan, achievements and challenges among other pertinent issues. Here are excerpts from the…
Order is now set to be restored in the Ministry of Agriculture and Livestock Development after seven regulations were drafted to promote the growth of the sub-sector in the country. The move targets areas that have, over the years, remained unregulated, affecting the growth of the sub-sector. Directorate of Livestock Policy and Regulations representative Dr….
The government is negotiating with banking institutions to streamline their lending packages to accommodate Small and Medium Enterprises(SMEs), which are thought to be the pillar of the country’s future economy. Cooperatives Cabinet Secretary Simon Chelugui said the government was consulting with banks to restructure and be more attractive to small and medium enterprises. Chelugui was…
Elburgon dairy farmers have formed a new Sacco in the name Elburgon Maendeleo Sacco to help them save and borrow to improve their financial status. Its chairman Johnson Sang said that their aim is to create an avenue for members to save towards boosting their financial standing. Speaking in his office in Elburgon town, Sang…
The Kenya Industrial Research and Development Institute (KIRDI) has entered into a partnership with the University of Nairobi (UoN) to train women fish traders on value addition and preservation. KIRDI head of food technology research Gitutu Nyambane said the training targets to build the women’s capacity to use food processing technology to preserve fish in…
Chief Executive Officers (CEOs) of various Saccos have revealed why they are averse to lending to Small and Medium Enterprises (SMEs), top among the reasons being their lack of verifiable information. During this year’s National Cooperatives CEO’s Workshop in Mombasa organized by the Co-operative Bank, the Sacco heads decried lack of adequate information about SMEs…
As the country’s hard economic times bite, boda boda riders, farmers and traders from the Western region have been asked to join Saccos and invest in the future to cushion themselves against the current cash crunch.Speaking to journalists in Busia town, Faridi Sacco chairman Godfrey Saidi said many boda boda riders are facing a lot…
