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

17 new Saccos registered in Kilifi County

Sacco ReviewSeptember 3, 2024September 3, 202402 mins

Seventeen new Saccos in Malindi and Magarini Sub- Counties in Kilifi County have been registered by the Cooperative Development Ministry. Malindi Sub- County Cooperative Officer Felister Moraa Ziro in an interview with Sacco Review recently revealed that of the 17 newly registered cooperative societies; nine are from the sub county, while the remaining eight are…

Relief for consumers as increased sugar production lowers retail prices

Sacco ReviewSeptember 2, 202404 mins

Kenya recorded increased domestic sugar output in the first quarter of 2024 to up to 485,802 tonnes by August leading to a drop in retail prices, the Agriculture and Food Authority has observed. According to a report by the food agency, there was a constant drop in production witnessed in April and May this year…

South Rift leaders appeal to State to waive tea farmers’ debts

Sacco ReviewSeptember 2, 2024September 2, 202403 mins

Bomet Governor Hillary Barchok and his Kericho counterpart Erick Mutai are seeking a debt waiver from the national government to bail out the financially overwhelmed tea industry in the region. Speaking during a meeting held at Bomet hotel with officials from the Kenya Tea Development Agency (KTDA) led by newly elected National Vice-Chairman Erick Chepkwony…

Amica Sacco receives Ksh300M to boost agriculture, MSMEs

Sacco ReviewAugust 30, 2024August 30, 202404 mins

Kenya Development Corporation (KDC) has lent Ksh300 million in low-cost credit to Murang’a-based Amica Sacco for lending to farmers and micro-traders. The Sacco, which primarily serves farmers and small businesses, will provide loans ranging from Ksh7,000 to Ksh250,000 at a single-digit interest rate to meet working capital needs. The loans are funded by the Ksh8…

Mining association wants hiring of more staff in regional sites

Sacco ReviewAugust 30, 2024August 30, 202402 mins

The Vice Chairman of the Artisanal and Small Scale Miners Association, Patrick Ligami, has urged the government to fund regional mining offices and deploy more staff, especially engineers and geologists to serve the sites. Ligami, while speaking to one of the local dailies yesterday, revealed that there are fewer staff than required in the 13…

New KCC risks losing assets to pay ex-employees

Sacco ReviewAugust 30, 2024August 30, 202403 mins

The New Kenya Cooperative Creameries (KCC) risks a probe on its properties to determine if part could be sold to settle former employees’ outstanding dues. This comes after its management failed to attend the Senate Committee on Labour and Social Welfare meeting held yesterday to find a solution to the decades-long dispute over compensation for…

Uwezo Fund hailed as game-changer in curbing unemployment

Sacco ReviewAugust 29, 2024August 29, 202403 mins

The Cabinet Secretary (CS) for Cooperatives and MSMEs Wycliffe Oparanya has backed the Uwezo Fund terming it a game changer in ensuring the reduction in unemployment rates and promoting inclusive economic development. The CS was speaking after meeting the Fund’s board members yesterday where he was briefed on current efforts being considered to enhance effectiveness…

State calls for responsible corporate governance in Saccos

Sacco ReviewAugust 27, 2024August 27, 202403 mins

The Government has called for responsible corporate governance in Saccos and accountability by leaders found culpable of financial irregularities. Principal Secretary for the State Department of Cooperatives Patrick Kilemi was speaking during the Nairobi SACCO Leaders’ Consultative Forum held by the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO), where he noted that the…

Adhere to bylaws to boost service delivery, Saccos told

Sacco ReviewAugust 27, 2024August 27, 202403 mins

Nakuru County Deputy Director of Cooperatives George Ogallo has urged Saccos and cooperative societies to strictly adhere to rules and bylaws to ensure efficient service delivery to members. He made the remarks while addressing delegates during ACK Imani Talent Sacco Annual General Meeting (AGM) recently. The Director observed that Annual General Meetings are essential to…

Nduluma Coffee Factory attains top price at weekly auction

Sacco ReviewAugust 27, 2024August 27, 202403 mins

The Nduluma Coffee Factory in Tharaka Nithi, recently promoted by the new Kenya Planters Co-operative Union (KPCU), achieved the top price at last week’s weekly coffee auction, with a bag of Grade AA coffee fetching Ksh46,562. The factory, a member of the Tharaka Coffee Growers’ Cooperative Society, has earned a strong reputation for producing high-quality…