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

County organizes capacity building for Coops, Saccos to enhance productivity

Sacco ReviewJune 10, 2023June 10, 202302 mins

Uasin Gishu county department of Trade, Industrialization, Tourism, Cooperatives and Enterprise Development has organized a highly impactful capacity building and training exercise for Saccos and cooperatives to enhance the movement’s productivity in the area. The department’s CECM Martha Cheruto said the training focused on share mobilization, bookkeeping and auditing, management strategies and embracing new technological…

Gachagua vows to eradicate cartels in coffee sector

Sacco ReviewJune 9, 2023June 9, 202309 mins

The government has vowed to eradicate coffee cartels, improve marketing strategies and increase prices in an elaborate bid to revive the once vibrant sector. Deputy President Rigathi Gachagua said once cartels are eradicated and marketing and price improved, coffee production will automatically go up, leading to better returns to farmers, sufficient foreign exchange and vibrant…

High uptake of Hustler Fund loans a threat to Saccos, banks

Sacco ReviewJune 9, 2023June 9, 202304 mins

The enthusiasm by small rural based enterprises in Embu County in embracing the group based Hustlers’ Fund loans is bound to give stiff competition to Saccos and banks for customers, former Commissioner of Cooperatives Geoffrey Njang’ombe has warned. The launch of the second phase of the Hustler Fund will see registered groups qualified for loans…

Study emphasizes role of financial service providers in boosting SMEs growth

Sacco ReviewJune 9, 2023June 9, 202303 mins

A study by the Financial Access Initiative (FAI) has shed light on the role of entrepreneurs and financial service providers in providing SMEs with customized credit facilities to enable them improve their services. Titled Kenya Small Firms Diaries Study, the study revealed that 51 per cent of the adult population in Kisumu county own small…

MP urges boda boda riders to form Saccos for financial independence

Sacco ReviewJune 9, 2023June 9, 202303 mins

ODM nominated MP for Youth Umulkheir Harun has urged boda boda riders to form Saccos to empower them to greater socio-economic heights. Speaking during the end of a three month long drive to register boda boda operators in Garissa Township, Harun called on national leaders and public institutions to empower the riders who are key…

Ministry of Agriculture develops 7 regulations to promote livestock production

Sacco ReviewJune 9, 2023June 9, 202302 mins

Directorate of Livestock Policy and Regulations representative Dr. William Akwimbi has expressed optimism that law and order will be restored in the Ministry of Agriculture and Livestock following the development of seven regulations to promote livestock production. Speaking in Kisumu during a public participation drive attended by stakeholders from Nyanza and Western regions, Dr. Akwimbi…

Gachagua to preside over coffee stakeholders’ conference starting tomorrow

Sacco ReviewJune 8, 2023June 8, 202306 mins

Deputy President (DP) Rigathi Gachagua is set to preside over a three-day Coffee Stakeholders Conference in Meru town which officially kicks off on Friday morning. The conference which will be held at Three Steers Hotel will be graced by county governors, senators, MPs, MCAs, national government officials, farmers and coffee sector players who will come…

Daima Sacco trains tea farmers on diversified farming methods

Sacco ReviewJune 8, 2023June 9, 202302 mins

Tea farmers from Embu county have been trained on diversified farming methods which include planting fruit trees and food crops in a single field as well as livestock and aquaculture farming as a means to achieve food security and financial security. The training was courtesy of Daima Sacco. Speaking at Kigari Teachers Training College, Sacco…

Stima Sacco to launch new branches by end month

Sacco ReviewJune 8, 2023June 8, 202303 mins

Stima DT Sacco is gearing up for the launch of new branches in Kisii, Meru and Nairobi counties. The branches, which will be launched on June 30, 2023, will be located on the ground floor of Waumini Plaza, second floor of Greenwood Mall and First Floor of Electricity House in Kisii, Meru and Nairobi counties…

The role of women in cooperative development

Sacco ReviewJune 8, 2023June 8, 202305 mins

Cooperatives are an alternative form of economic organization that are based on democratic decision-making and the equitable distribution of benefits among members. In recent years, there has been a growing interest in how cooperatives can promote gender equality and empower women. Cooperatives can be particularly beneficial to women because they offer a space for collective…