Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Malachi Motano A new report by US Overseas Cooperative Development Council (OCDC) indicates that the Kenyan Co-operative Movement has had a higher impact in empowering its members economically than anywhere else in the world. The study which carried out between 2017 and 2020 in Kenya, Peru, Philippines and Poland 2020 involved over 8,000 people, who…
By Kamundia Muriithi Businesses run by women in Embu County will receive a boost through an initiative by the Absa Bank, the County Government of Embu, the Kenya National Chamber of Commerce and Industry Inter- county Mentorship forums. The initiative will target women in business and sensitize them to tap the opportunities offered by the…
By Our Reporter The first Savings and Credit Cooperative (Sacco) based on Islamic interest-free principles is to increase its branch network across the country to reach more Kenyans. Taqwa Sacco is keen to entice the large unbanked population to grow its financial muscle “By offering front office services, we are in a better position to…
By Malachi Motano The Central Bank of Kenya (CBK), in its weekly markets bulletin recently reported that remittance inflows increased by 22.3 per cent to Sh34 billion ($315.8 million) as at May 2021, compared to $258.2 million in the same period last year, attributed to the higher flows from the US and Saudi Arabia. The…
By Malachi Motano Savings and Credit Cooperative Societies (Saccos) must now tap into all sectors of the economy following the government’s budget for the 2021/22 fiscal year. According to the Director of Cooperatives Banking Division at the Cooperative Bank Vincent Marangu, the country has opened up now and is witnessing many business activities opening up…
By Erick Nyayiera Jumuisha Sacco in Siaya County is the official intermediary of the Uwezo Fund in Bondo Constituency. Bondo Constituency Member Of Parliament Dr. Gideon Ochanda and his Uwezo Fund committee signed an agreement that will see the Sacco take over the administration of the Uwezo revolving Fund. The constituency Uwezo Fund committee had…
By Malachi Motano Uyoma Farmers’ Cooperative Society (UFCS) has secured Sh10m grant from the County government of Siaya to facilitate repairing of Madiany Cotton Ginnery in Rarieda sub-county. The ginnery stopped operations about seven years ago with more than 3500 farmers left with nowhere to sell their produce. Since then many farmers have abandoned cotton…
By Malachi Motano Everyday comes with its new challenges and opportunities. in the corporate world, the smart ones always get greener pastures as companies aim higher. The Sacco sector is not left behind, Sacco Review brings to you the monthly update on who? moved to where? in the Kenya’s Sacco sector KETSA gets new chairman…
Regional underwriter CIC Insurance Group, the market leader in providing insurance services to the co-operatives holds firm as the dominant player in the sector with significant control of the business. What keeps the company on track? The company’s Co-operatives Division General Manager Richard Nyekenogo shares with Malachi Motano of Sacco Review. According to the General…
By Tsozungu Kombe Women in Kwale County have been urged to cooperate fully and form Saccos to uplift their living standards. Speaking to Sacco Review in Kwale town recently, the acting Kwale county Cooperative Commissioner Mohammed Mkanga emphasized the importance of women forming Saccos in the county. He disclosed that the move would enable them…
