Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Sugarcane farmers in Kericho county are a happy lot following the opening of West Valley Sugar Company in Soin Sigowet Sub county. The company’s Managing Director Bernard Soi revealed that the company has so far registered 3,500 farmers who will supply their cane produce to the facility. “Our field officers have visited and interacted with…
Small rural based enterprises, especially women groups in Embu county, have appealed for help from various experts in the cooperative movement to help them create ecofriendly products. One such enterprise is Kiritiri Kwimenya Self Help Group which makes eco-friendly Kiondo bags from sisal fibre. The bags are mainly sold through barter trade with maize growers…
The United Kingdom (UK) has rolled out a programme to train avocado farmers in cooperative societies on how to improve avocado farming and increase their earnings. The programme will be rolled out by the UK’s Urban Economic Development programme in collaboration with Kisii County Government. Speaking at Agricultural Training Centre during the launch of a…
94 farmers who were worst hit by the massive fish deaths in Lake Victoria last year have received fingerlings worth Ksh2 million and fish feeds worth Ksh1 million from the county government of Kisumu. Speaking at Ogal Beach in Kisumu West, Kisumu Governor Anyang’ Nyong’o said the gesture is meant to enable the farmers…
President William Ruto has officially launched the second phase of the Financial Inclusion Fund (Hustler Fund) that targets registered groups. Speaking in Embu town during the 60th Madaraka Day celebrations, the president said the groups can qualify for loans up to millions of shillings. He pointed out that the groups will be used as collaterals…
Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO) has rejected the provisions of the controversial 2023/2024 finance bill, arguing that its implementation has far reaching consequences in the operations of Saccos. Through a memorandum dated May 22, 2023 and received by the national assembly, the union noted that issues contained in the Finance Bill…
The ongoing Universal Traders Sacco (UTS) share drive initiative has so far raised Ksh30 million with a target to hit Ksh70 million by the end of July. Sacco Chief Executive Officer Dominic Mutunga said the Sacco initiated the drive to boost its capital base and recruit new members. He said the drive has drawn participants…
Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO) has presented their memoranda on tax matters affecting Saccos in Kenya where they have said that there will be implications under the current tax law provisions. Saccos with corporate members would lose the tax benefit of exemption. Interest income from members and 50% for the interest…
Coffee Cooperative societies in Kericho County have been advised to diversify their production activities so as to cushion them in hard times The Kericho County Commissioner of Cooperatives Mr. Leonard Otii said they were encouraging coffee Cooperative societies and others to embrace diversification of activities so as to enable generation of income if one of…
Cooperatives & Micro, Small and Medium Enterprises (MSMEs) Cabinet Secretary Simon Chelugui has urged banks to increase the amount of funds set aside for MSMEs from the current Ksh3 billion. Speaking during the closing ceremony of the one week pre-Madaraka day Cooperative and MSMEs expo held at the University of Embu, the CS said that…
