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

Chelugui finally hands over to Oparanya

Sacco ReviewSeptember 5, 2024September 6, 202404 mins

The former Cabinet Secretary (CS) for Co-operatives and Micro, Small and Medium Enterprises (MSME) Development Simon Chelugui has handed over the docket to the newly appointed CS Wycliffe Oparanya, with the later promising to implement initiatives started by his predecessor. Speaking during the handing over ceremony at the National Social Security Fund (NSSF) office on…

Banks record mixed trends in this year’s second quarter, study reveals

Sacco ReviewSeptember 3, 202407 mins

The Kenyan Banking Sector asset base recorded a mixed trend in the quarter ended June 30, 2024, compared to the growth in the quarter ended March 31, 2024 a study has revealed. In the recent Central Bank of Kenya commercial banks’ credit officer survey for quarter ended June 30, 2024 where 38 commercial banks and…

Women, youth urged to repay Uwezo loans promptly

Sacco ReviewSeptember 3, 2024September 3, 202402 mins

Women and youth in Kilifi County have been advised to pay their Uwezo Fund loans promptly so as to enable others to benefit from the same loan products. Speaking to Sacco Review in an interview at her office recently, Kilifi County Director of Youth Development Ministry, Faith Waweru, decried the slow pace in which women…

17 new Saccos registered in Kilifi County

Sacco ReviewSeptember 3, 2024September 3, 202402 mins

Seventeen new Saccos in Malindi and Magarini Sub- Counties in Kilifi County have been registered by the Cooperative Development Ministry. Malindi Sub- County Cooperative Officer Felister Moraa Ziro in an interview with Sacco Review recently revealed that of the 17 newly registered cooperative societies; nine are from the sub county, while the remaining eight are…

Relief for consumers as increased sugar production lowers retail prices

Sacco ReviewSeptember 2, 202404 mins

Kenya recorded increased domestic sugar output in the first quarter of 2024 to up to 485,802 tonnes by August leading to a drop in retail prices, the Agriculture and Food Authority has observed. According to a report by the food agency, there was a constant drop in production witnessed in April and May this year…

South Rift leaders appeal to State to waive tea farmers’ debts

Sacco ReviewSeptember 2, 2024September 2, 202403 mins

Bomet Governor Hillary Barchok and his Kericho counterpart Erick Mutai are seeking a debt waiver from the national government to bail out the financially overwhelmed tea industry in the region. Speaking during a meeting held at Bomet hotel with officials from the Kenya Tea Development Agency (KTDA) led by newly elected National Vice-Chairman Erick Chepkwony…

Amica Sacco receives Ksh300M to boost agriculture, MSMEs

Sacco ReviewAugust 30, 2024August 30, 202404 mins

Kenya Development Corporation (KDC) has lent Ksh300 million in low-cost credit to Murang’a-based Amica Sacco for lending to farmers and micro-traders. The Sacco, which primarily serves farmers and small businesses, will provide loans ranging from Ksh7,000 to Ksh250,000 at a single-digit interest rate to meet working capital needs. The loans are funded by the Ksh8…

Mining association wants hiring of more staff in regional sites

Sacco ReviewAugust 30, 2024August 30, 202402 mins

The Vice Chairman of the Artisanal and Small Scale Miners Association, Patrick Ligami, has urged the government to fund regional mining offices and deploy more staff, especially engineers and geologists to serve the sites. Ligami, while speaking to one of the local dailies yesterday, revealed that there are fewer staff than required in the 13…

New KCC risks losing assets to pay ex-employees

Sacco ReviewAugust 30, 2024August 30, 202403 mins

The New Kenya Cooperative Creameries (KCC) risks a probe on its properties to determine if part could be sold to settle former employees’ outstanding dues. This comes after its management failed to attend the Senate Committee on Labour and Social Welfare meeting held yesterday to find a solution to the decades-long dispute over compensation for…

Uwezo Fund hailed as game-changer in curbing unemployment

Sacco ReviewAugust 29, 2024August 29, 202403 mins

The Cabinet Secretary (CS) for Cooperatives and MSMEs Wycliffe Oparanya has backed the Uwezo Fund terming it a game changer in ensuring the reduction in unemployment rates and promoting inclusive economic development. The CS was speaking after meeting the Fund’s board members yesterday where he was briefed on current efforts being considered to enhance effectiveness…