Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese Cooperatives and SME Cabinet Secretary Nominee Simon Chelugui has promised to streamline the cooperative sector to significantly contribute to improving living standards of Kenyans. While appearing before the National Assembly’s Committee on Appointments recently, Chelugui identified amending the Cooperative Societies Act, strengthening Sacco Societies Regulatory Authority (Sasra) as top in his agenda….
By Fredrick Odiero Beach managers have asked President William Ruto to include the fishing sector in his fiscal plans and rename the Ministry of Agriculture and Blue Economy to include Fisheries and Aquaculture. They claimed that the fishing industry contributes about 1 per cent of the national Gross Domestic Product (GDP) and about 2 per cent of the national export earnings thus it…
By Sacco Review Reporter Elgeyo Marakwet governor, Wisley Rotich has ordered for the immediate re-=deployment of 20 Co-operative Officers to the county wards in a bid to jump start the cooperative movement. Mr. Rotich said that he was fufilling his campaign pledge under the Huduma Mashinani programme where he plans to improve the cooperative movement in the…
Fredrick Odiero Mr. Ely Otieno has not regretted ever since joining the giant Kisumu teacher’s credit society over 20 years ago. He joining the Kisumu Teachers Savings and Credit Co-operative Society (KITE) and has instead been counting blessings as a member of the organization. Otieno who is the Kenya National Union of Teachers (KNUT) Kisumu…
By Mutuvi Janet Nominated Agriculture and Livestock Cabinet Secretary, Franklin Mithika Linturi has said that he will re-engineer how agriculture is done in Kenya once he secures the position to provide endless job opportunities for the youth and farmers in the Agriculture sector. “Since Agriculture is the backbone of Kenya and with the highest employment…
By Kevin Odera Trans Nation Sacco lost its vice chairman Mr. Peter Njagi Mugwika to a short illness on October 13, 2022 at Komarock Modern hospital in Kathwana, Tharaka Nithi County. Mr. Mugwika was the Board Vice Chairman of the Sacco and the Director and Founder of Gatunga Junior Academy. He will be buried on…
By Roy Hezron Disputes in co-operative sector will now be handled by the Co-operative Court which will stand on its own aside from the existing Co-operative Tribunal, if the draft bill will be enacted into law. The Draft Co-operative Bill, 2021 which if enacted into law will repeal the long-term Co-operative Societies Act which was…
By Tsozungu Kombe Cotton Farmers in Mpeketoni, Lamu County have been urged to join Sacco’s in large numbers and invest heavily and in order to get loans to maximize Cotton crop production in the region. Speaking to the Sacco Review from Lamu town recently, Lamu county Cooperative Auditor, Mr. Nickson Baya stated the area has…
By Azael Masese Agriculture-based deposit-taking Saccos have expressed optimism that reforms in the agriculture sector remain critical in improving their performances. The CEOs of these Saccos mostly agree that it is only reforms that would improve crop yields, hence assure farmers of having enough to eat and sell the surplus to generate income. Kenya…
By Our Reporter Only 60 Saccos have submitted their unclaimed financial assets, including nil returns to Unclaimed Financial Asset Authority (UFAA) as at June 2021, the agency has revealed. In a workshop with stakeholders on compliance by the Sacco sector to UFAA Act, 2011, the authority’s CEO and Managing Trustee Mr. John Mwangi revealed that…
