Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Erick Nyayiera Kisumu County Government is seeking to mobilise over 30,000 boda boda operators to join or form Saccos. The outgoing Co-operatives Director in the county Zephaniah Osok said boda boda Saccos have the potential to spur development in the area. “If they can each contribute to their Sacco at least Sh 100 daily…
By Felix Wanderi Cooperative societies in Kiambu County have been urged to have a strong role in creating decent jobs and empower local communities economically and socially. This was emphasized during the 97th Ushirika day celebrations held at Limuru Model Primary School. “Co-operatives being value-driven enterprises owned, controlled and run by members should serve to…
By Collins Akong’o The Cooperatives Alliance of Kenya Chief Executive Officer Daniel Marube has called on the government to speed up ratification of the national policy on cooperative development. Speaking in Mombasa during Ushirika Day celebration, Marube said a standardized national policy on activities of cooperative societies will spur growth across the 47 counties. He…
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….
