Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Fredrick Odiero Kisumu Governor Prof. Anyang’ Nyong’o has outlined his commitment towards strengthening the cooperative movement in the area. Speaking in Kisumu recently, the governor said a number of investments in the county were geared towards strengthening the cooperative movements as key drivers of production and marketing. Prof. Nyong’o said they started off by…
President released the Executive Order No. 1 of 2022 on 13th October 2022 in which he outlined the functions of the various government Ministries and State Departments. One noticeable change is the relocation of the headquarter of the (new) Ministry of Cooperatives and Micro, Small and Medium Enterprises (MSME) Development from NSSF Building to Teleposta…
By David Kipkorir In a competitive corporate world, mostly driven by commercial interests, no stakeholder alone can sustainably identify and address all the cyber threats of the fast‐changing digital landscape. A cooperative becomes need of the hour to improve the overall collective cyber-resilience of the digital ecosystem. Intelligence sharing between stakeholders of cyber security is…
By David Kipkorir The Savings and Credit Co-operative Society (Sacco) membership in the country rose from 5.47 million affiliates in 2020 to 5.99 million in 2021, even as dormancy was projected to have dropped from the previous financial year. The Sacco Supervision Annual Report, 2020, shows that out of the total membership of the sub-sector,…
By Robert Nyagah Mr Geoffrey Njang’ombe, former Commissioner of Cooperatives, has a unique demeanour; polite, cool and collected. Yet behind the tranquility of mien is a tough uncompromising personality, but not in the usual sense of intense outlook commanded by senior corporate gentlemen and ladies. His amiability goes beyond common etiquette, transcending even the wiles…
By David kipkorir The highest proportion of loans advanced by Saccos in 2021 went toward the land and housing sectors of the economy, which accounted for 26.98 per cent of the total credit facilities advanced, a Supervision Annual Report 2021 by Savings and Credit Co-operative Societies (Saccos) shows. The report also depicts the education sector…
By Pascal Mwandambo Before I get to the core of this story, let me tell you about the amusing anecdote about a strange ‘doctor’ in the village where I grew up. I describe him so because some of the shenanigans he exhibited border on the absurd, if not criminal. You see Disco Matanga, for that…
By Gilbert Ochieng Busia County Chief Officer for Cooperatives and Investments Patrice Lumumba has revealed they have instituted stringent measures for Saccos aimed at safeguarding the savings of members. Speaking during the 100th Ushirika day celebrations at Busia Vocational Training Centre, Mr. Lumumba said the county government will not relent in its pursuit to ensure…
By Victor Ochieng’ In a book titled Talk like TED, Carmine Gallo identifies three components of an inspiring presentation:emotionality, novelty and memorability. Emotionality means that the speech touches the heart, not just the mind. Noveltyimplies that the talk teaches something new. Memorability means that the speaker presents the content in a way that the audience…
By Roy Hezron The one time vibrant Moi University Savings and Credit Cooperative Society (MUSCO) is now on its deathbed. The Sacco’s MUSCO Towers, a commercial building in Eldoret town, will forever bring back painful memories to the thousands of Sacco members who are not sure whether they will ever recover their hard earned cash…
