Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese Savings and Credit Cooperative Societies (Saccos) across the country are set to witness drastic changes in their management following plans by Sacco Society Regulatory Authority (SASRA) to engage top industry players in formulation of regulations that affect Sacco operations. This is a shift from the past where societies were expected to enforce…
By Bernard Matumbai Co-operative Bank of Kenya has been named East Africa’s Regional Bank of the Year at the African Banker Awards Gala Ceremony held in Accra, the Ghanaian capital. In a continuation of the listed Tier One lender’s international supremacy, the bank was feted for its overall excellence in the banking sector across the region….
By Our Reporter The President led the nation in celebrating the 59th Madaraka Day at the newly-rehabilitated Uhuru Gardens in Nairobi yesterday, 1st June 2022. On that historic occasion, the head of state enumerated the achievements of his administration as it enters home stretch.. However, one milestone that stood out is the govt’s expansion of…
At 56 per cent growth in pre-tax profit, nothing seems to be stopping top tier lender’s exploits By Matumbai Bernard-Boy The Co-operative Bank of Kenya has maintained its upward trajectory, recording a 56 per cent before tax growth in the first quarter of 2022 as compared to the same period last year. In a statement dated Thursday,…
By Roy Hezron The proposed co-operative law will enhance management of co-operatives in the country, the Kenya Society of Professional Co-operators (KSPC) chairperson and Co-operative University of Kenya Deputy Vice Chancellor Prof. Esther Gicheru have said. Addressing Co-operative leaders in the larger Eastern region at Embu Hall in Embu County, Prof. Gicheru noted the Co-operative…
By Fred Sitati One basic characteristic that distinguishes companies from cooperatives is that companies are associations of capital while cooperatives are associations of persons. Additionally, while companies strive to maximize profits for their shareholders, the same cannot be said of primary cooperatives that are voluntary self-help organizations that aim to solve members’ socio-economic and cultural…
By Kamundia Muriithi Universal Traders Sacco (UTS) held its annual members education day in Embu County recently where facilitators shared crucial information for the vibrant growth of the cooperative sub-sector. More than 600 members including businesspeople, farmers, boda boda riders, jua kali artisans and salaried people, among others, attended the eye-opening session. Among those present…
By Allan Kibet and David Kipkorir The Co-operative movement in Kenya on Thursday, May 19, launched a three day blood donation drive, an annual initiative in preparation for International Co-operatives Day that takes place on every July 2. The co-operative movement spearheaded by the organizers of the event, Ushirika Organizing Council, is targeting over 1,000…
By Benedict Ng’etich The Kenya Plantations and Agricultural Workers Union (KPAWU) has urged the tea Multinationals in Kericho to increase the amount of funds allocated for scholarships. Secretary for Kericho Branch Dickson Sang lauded the efforts by James Finlay to offer scholarship to employees’ children, but implored them to increase allocations to cover many families….
By Benedict Ng’etich A total of 9,582 small holder coffee farmers under Kipkelion District Co-operative Union Ltd (KDCU) have received cheques worth Shs. 105.1 million for the sale of 134.4 metric tonnes of coffee exported to South Korea a month ago. Out of the direct sales, the farmers drawn from Kericho, Nandi, and Bomet counties…
