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

Farmers urged to join cooperatives as Cotton farming gains momentum

Sacco ReviewAugust 20, 2024August 20, 202403 mins

Farmers in Ruiri Rwarera, Buuri East sub-county have been urged to join Cotton cooperative societies in the area so as to benefit from BT Cotton seedling distribution initiative ahead of the planting season. Former nominated MCA in the Meru County Assembly Betty Kinya Kiambati disclosed that the area is rich in black cotton, the type…

Co-op Bank half-year net profit soars to Ksh13 billion

Sacco ReviewAugust 19, 2024August 19, 202405 mins

Co-operative Bank of Kenya’s (Co-op Bank) net profit grew 7 per cent to Ksh12.99 billion for the half-year ending June 2024, driven by higher interest and non-interest income. The lender’s net earnings increased from Ksh12.14 billion reported during the same period last year. This growth was driven by a 10.7 per cent rise in net…

Embrace good governance for survival, Saccos leaders told

Sacco ReviewAugust 19, 2024August 20, 202403 mins

Savings and Credit Cooperative (Saccos) will survive hard times when leaders embrace good governance and transparent leadership. According to CIC General Manager, Cooperatives, Richard Nyakenogo, societies that are run in a transparent and accountable manner survive hard economic times and later prosper. Speaking in Kericho during this year’s Ushirika Day celebrations, he told Saccos leadership…

Treasury PS summoned to Parliament over delayed coffee funds

Sacco ReviewAugust 16, 2024August 20, 202403 mins

The National Assembly Committee for Trade, Industry and Cooperatives has demanded Treasury Principal Secretary (PS) Dr. Chris Kiptoo to appear before the committee to explain the reasons behind delays in disbursing funds for coffee and grain farmers. The Committee, led by James Gakuya (Embakasi North MP), resolved to meet the PS after a senior Treasury…

As a Sacco member, are you aware of your obligations?

Sacco ReviewAugust 16, 2024August 16, 202408 mins

The growth of the Sacco sector in Kenya has shown how important they are in providing affordable financial services. They have enabled easier access to savings and credit for the middle and low-income segment for both household and enterprise development thus impacting the economic growth in both urban and rural areas. Many a time we…

Co-operative University launches marketing platform for farmers, co-operatives

Sacco ReviewAugust 15, 202404 mins

Farmers in dairy, maize, and Irish potato co-operatives have a reason to smile after the Cooperative University of Kenya (CUK) launched a digital platform aimed at linking them with various markets and service providers. The two-and-a-half year project which is piloted by CUK in partnership with the government is funded by the African Development Bank…

Why SACCOs should embrace digitization of products, services

Sacco ReviewAugust 15, 2024010 mins

Savings and Credit Co-operative Societies (SACCOs) across the continent of Africa are embracing digitization rapidly to catch up with the fast changing business and financial services landscape globally. Ranging from the use of digital core banking systems to customer support to tech-enabled information management systems, SACCOs are transforming age-old business models, facilitating greater efficiencies and…

Farmers to face Ksh1m fine or jail for unlicensed ndengu farming

Sacco ReviewAugust 15, 2024August 15, 202403 mins

Kenyan farmers growing mung beans (Ndengu) without a license face a KSh1 million fine or jail if a new Bill before Parliament becomes law. Under the Mung Beans Bill, sponsored by Kitui County Senator Enoch Wambua, individuals are prohibited from marketing, processing, or engaging in large-scale trading of mung beans or their products without obtaining…

MPs calls for interventions to revive sugarcane farming

Sacco ReviewAugust 15, 202403 mins

Members of Parliament have called for urgent intervention to revive the ailing sugar industry in the country. In a debate in the National Assembly, the lawmakers highlighted the industry potential to create jobs and boost the economy. During the debate on a motion sponsored by Matungu MP Peter Nabulindo the lawmakers’ expressed deep concern over…

Over 800,000 youth to benefit from World Bank funded project

Sacco ReviewAugust 15, 2024August 15, 202403 mins

The National Youth Opportunities towards Advancement (NYOTA), a World Bank funded project is set to benefit over 800,000 youth in the country, Youth Affairs and Creative Economy Principal Secretary (PS) Ismail Maalim Madey has revealed. According to Maalim, the project mainly targets to address the rising challenge of youth unemployment, and that it will be…