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

Ruto warns coffee farmers against taking huge loans after debt waiver

Sacco ReviewJune 16, 202408 mins

President William Ruto has warned coffee farmers against taking more loans following a waiver issued by the government recently. Speaking at Gitooro ASK showground in Meru County during the Meru Cooperative Dairy Union 9th Farmers Field Day, Ruto cautioned the cooperatives coffee society officials against taking more loans unless it is approved by farmers themselves….

Airtel ventures into home internet to grow customer base

Sacco ReviewJune 15, 202404 mins

Airtel is poised to compete with existing players in Kenya’s home internet market, which has long been dominated by Safaricom. Their new broadband services specifically cater to users in residential and business settings. Named the ‘Unlimited Home Broadband’ service, this product is poised to compete with major operators, including Jamii Telecommunications Limited and Zuku, which…

Relief as mobile money users exempted from tax increase

Sacco ReviewJune 14, 202405 mins

The Treasury has withdrawn its intention to increase the excise duty on mobile money transactions, providing a reprieve to millions of users who depend on these services, such as Safaricom’s M-pesa. National Treasury Cabinet Secretary Njuguna Ndung’u has rolled back the proposal to increase the excise tax duty on mobile transfer services from 15 per…

How to transform financial setbacks into success

Sacco ReviewJune 14, 202408 mins

In managing our finances and personal development, this is like a metaphorical transformation of milk to yogurt, and then to cheese, revealing a profound truth about the nature of mistakes and their ability to create value. Just as cheese is a more valuable dairy product than both milk and yoghurt and sour grape juice melts…

Pre-Ushirika Day blood donation drive launched at Cooperative University

Sacco ReviewJune 13, 202403 mins

State Department for Cooperatives Principal Secretary Patrick Kilemi on Tuesday, June 12 has launched Pre-Ushirika Day blood donation drive at The Co-operative University of Kenya an initiative organized by the Ushirika Council. The PS noted that the blood drive symbolizes the 7th Co-operative Principle, Concern for the Community and our commitment to building a better…

President Ruto to attend 9th Meru Dairy Farmers Field Day today

Sacco ReviewJune 13, 2024June 13, 202405 mins

President William Ruto is set to preside over the 9th annual Meru Dairy Farmers Field Day which will be held at Gitoro ASK showground today. This will mark the second time the Head of State will preside over the event for two years consecutively. He will join over 50, 000 dairy farmers in marking this…

PS Kilemi urges Sacco leaders to uphold good governance for growth sector

Sacco ReviewJune 12, 202403 mins

Principal Secretary State Department for Cooperatives Principal Patrick Kilemi has urged Sacco leaders to uphold good governance practices. The PS Speaking on Thursday during closing ceremony of The Annual Sacco Subsector Regulatory Policy and Legal Roundtable, 2024 in Naivasha organized by The Sacco Societies Regulatory Authority (SASRA) said the Sacco leaders should take their responsibilities…

Ruto announces KSh300 million debt write-off for Bungoma coffee farmers

Sacco ReviewJune 1, 2024June 1, 202402 mins

Coffee farmers in Bungoma County are set to get a Sh300 million waiver in debt from government as part of the broader scheme to revamp the crop’s farming in the country. President William Ruto announced during Madaraka Day Celebrations, Masinde Muliro Stadium Kanduyi, Bungoma County held today The President added that the debt write-off plan…

KCB Group CEO named African Business Leader of the Year

Sacco ReviewJune 1, 202403 mins

Kenya Commercial Bank (KCB) Group Chief Executive Officer, Paul Russo has been named African Business Leader of the Year by Africa Leadership Magazine. This happened at the 14th Annual Leadership awards which took place at the UK House of Lords in Portsmouth, United Kingdom. Paul Russo’s nomination was the result of intense and competitive evaluation…

Kenya Re posts KSh4.97 billion profit in 2023

Sacco ReviewJune 1, 202403 mins

Kenya Reinsurance Corporation has posted a profit of KSh4.97 billion in the financial year ended December 2023 up from KSh3.5 billion posted in 2022. This has been realized as a result of net investment and insurance results that rose by 42 per cent to KSh8.19 billion, up from KSh5.78 billion in the previous year. This…