Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Dairy cooperatives in Kiambu County dominated the awards in this year’s International Day of Cooperatives, Kiambu chapter, held at Karuri Primary School grounds in Kiambaa Sub-county. Githunguri Dairy Farmers Cooperative Society, the third largest milk processor in the country, emerged the winner in large society’s category and was awarded as the best in value addition/innovation with diverse…
The Ministry of Cooperatives and Micro, Small and Medium Enterprise (MSME) Development Cabinet Secretary (CS) Simon Chelugui has urged Saccos to support the development of different value chains in the country in order to uplift livelihoods. Speaking in Kakamega during the launch of Invest and Grow (IG) Sacco’s 2023-2027 Strategic Plan, the CS urged Saccos…
Land and housing-related borrowing from credit advanced by Saccos jumped to 33.2 percent in 2022 according to a report released by the Sacco Societies Regulatory Authority (SASRA). The massive increase is 26.9 per cent up from what was recorded in 2021 showing the aggression by Saccos in empowering its members to acquire land and houses….
The Sacco Societies Regulatory Authority (SASRA) has reported that Kenyans cashed out Ksh30.8 billion of the money saved in Saccos in 2022. “This can be attributed to the high cost of living, which has resulted in members withdrawing their savings for consumption purposes,” said the report. The latest supervisory report also showed that withdrawable deposits…
Invest and Grow (IG) Sacco has unveiled its 2023-2027 Strategic Plan. Speaking during the launch at Kakamega County Golf Hotel today, Chief Executive Officer Peter Vuhyah said that the move has marked a significant milestone for the Sacco as they embark on a journey of growth, innovation, and service excellence. The Strategic Plan has seven…
Uasin Gishu County Cooperatives and Enterprise Development Chief Officer Ruth Samoei has announced that her docket is working on a plan to award Boda boda Saccos operating within Eldoret Central Business District. Speaking during the donation of branded umbrellas and reflector jackets to 14 Saccos conducted by the county Department of Trade, Industrialization, Tourism, Cooperatives…
Twenty one counties will benefit from a livestock insurance programme initiated by the World Bank and will see 173,000 farmers cover their livestock against drought. The programme dubbed De-risking Inclusion and Value Enhancement of Pastoral Economies (DRIVE) is the product of a partnership between the Department of Livestock Production, World Bank, Kenya Development Corporation and…
Data recently released by Sacco Societies Regulatory Authority (Sasra) has revealed that 92,000 Sacco savers have savings of more than Ksh1 million. The number represents an increase of 29.6 per cent from the 71, 000 reported in 2021. It is also more, than double the 39, 000 accounts that were holding such amount five years…
Before I get to the core of this story, let me tell you about the amusing anecdote about a strange ‘doctor’ in the village where I grew up. I describe him so because some of the shenanigans he exhibited border on the absurd, if not criminal. You see Disco Matanga, for that was his name,…
Sacco leaders have been urged to use the appropriate technology to run Sacco operation so as to spur growth. Martin Kimani, an Associate Director in KPMG’s Technology Transformation Unit and a speaker at the forum, told the leaders that technology reaches more ground and keeps up with the ever changing business environment. Kimani said that…
