Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Mathews Achola Trade and cooperatives department in Busia County is considering partnering with Metropol and Trans Union Credit Reference Bureaus (CRBs) in sharing data of beneficiaries of the Cooperative Enterprise Development Fund (CEDF). Chief Officer in the department Nelson Kwamini to Sacco Review the move to share the data is meant to ensure defaulters do…
By Jackson Okoth Savings and Credit Co-operative Societies, which include deposit-taking as well as those engaged in back office operations, have mobilized savings to the tune of more than Sh 420 billion, estimated at 35 per cent of overall national savings. This volume of savings is expected to double in the next few years arising…
As the era of fake news continues to unfold, Saccos have found themselves in precarious positions. In various social media platforms, some members have perfected the art of posting false alarms warning their counterparts of possible collapse of certain societies and urge them to withdraw their savings. This trend has been very costly within the…
By Washington Okellah Fish traders from Port Victoria town in Budalangi constituency, Busia County have been urged to form SACCOS to access development loans. Speaking after launching a 14 seater Nissan van bought by Maningo SACCO members, Budalangi MP Raphael Wanjala said SACCOS are the bridges that lead to instant wealth. He lauded the Sacco…
By Kiprono Moi Use of modern technology will boost farmers’ activities and improve on their income. This was the overriding message during the 10th Agribusiness Expo organized by Rift Valley Institute of Science and Technology (RVIST). The two-day exhibition was characterized by new technological innovations and attracted thousands of participants eager to learn new farming…
I have keenly been following events in the Co-operative Movement for the last one decade and there is one question that has been bothering me; has rebranding of Saccos really been a gain or a double-edged sword for the industry? Most problems affecting many Saccos currently have pointed to the change of names and the…
By John Majau When Miraa farming was started in early 1940s in Nyambene region, Meru County, women were totally prohibited from consuming and selling of the lucrative khat that first originated from Harare in Ethiopia in the 11th century before spreading to Kenya in 14th century. But things have changed as women have taken over the business….
By Erick Nyayiera Kisumu County has outlined strategic measures to improve the performance of the Saccos. County Ushirika Council chairman Edward Matoke noted that they are working towards streamlining leadership of the potential cooperative societies including the merger of the small and unviable co-operatives. “We have numerous small uneconomical co-operative societies which must be merged…
By Benedicto Ng’etich Savings and Credit Co-operative Societies in Kericho County have been challenged to form a local bank. Kericho Deputy Governor Susan Kikwai noted that Saccos in the county and the neighbouring Bomet County are well-established and stable to form a strong financial institution. She was speaking during the 97th International Cooperative Day celebrations…
By Dennis Bett Farmers from the North Rift region have welcomed President Uhuru Kenyatta’s order to revamp the Kenya Farmers Association (KFA). The KFA Director, Kipkorir Menjo, accompanied by other farmers’ representatives, Jackson Chemweno and Joseph Tanui, said the President’s order was long overdue. Menjo said farmers representatives from Uasin Gishu County will be travelling…
