Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Benedict Ngetich Kericho county governor Dr Erick Mutai has promised to solve a myriad of challenges facing the agricultural sector in the region so as to boost and enhance agricultural benefits. The governor said he will use the following strategies: insure crops to reduce vulnerabilities of farmers to climatic change and market volatility, employ…
By Wasike Elvis Uasin Gishu governor Jonathan Bii now says his administration will increase the Cooperative fund through a hustler kitty, a move that echoes the national administration’s bottom-up economics. He said this will ensure that many people who are in groups benefit. “As a county, we have a standalone Cooperative ministry and my government…
By Azael Masese Co-operative Bank of Kenya is the most preferred commercial bank Saccos turn to for operational efficiency and customer convenience. Consequently, Co-operative Bank generates more income by partnering with Saccos compared to other commercial banks; and the reverse is true. According to the Sacco Supervision Annual Report, 2021, partnership areas include Automated Teller…
By Azael Masese The negative cash accumulation among Deposit Taking (DT) Saccos continued to rise unabated to reach a high of Ksh. 48 billion in 2021. Though some players turned to retained earnings to bridge the deficit, some turned to external borrowing with SACCO Societies Regulatory Authority (SASRA) warning that they were subjecting themselves to…
By Mutuvi Janet Farmers in the country are expected to receive subsidized fertilizer after the new government delivered them to the National Cereal and Produce Board (NCPB) for distribution. “Over Ksh. 3.55 billion has been set aside to subsidize 1.4 million 50kg bags. The cost of a 50kg bag of Diammonium Phosphate (DAP) – the world’s most used phosphorus fertilizer – which…
By Ben Oroko Have you ever felt like you are extra-ordinarily spending a lot of time meeting your Board members or delegates, time which you cannot get back and which you could have instead used completing an organizational project or attending to your family engagements? Naturally, meetings are a necessary management tool, yet they are…
By Azael Masese Saccos defied a tough business environment posed by Covid-19 to report growth in three market portfolios; asset base, deposits and loan portfolios in the 2020/2021 Financial Year (FY). The finding was revealed in the Sacco Supervision Annual Report, 2021, released on August 3, 2022. SASRA Board chairman George Murathe said the growth…
By Cally Imbai Busia County marked the centenary international day of the cooperative movement with calls for the movement to embrace technology to be able to secure its member’s cash assets. The event that was attended by hundreds of cooperators from across the county was held at the Township Vocational Training Centre grounds on July…
By David Kipkorir Mergers, consolidations, acquisitions and federations are not new to cooperatives. Over the years, numerous cooperative leaders, management consultants, bankers and university researchers have urged cooperatives in Kenya to consider extensive reorganization and consolidation. Yet to many, such actions remain feared and misunderstood. Some view such acts as last resorts for the survival…
By John Majau The Gankumbu Dairy Farmers Group in Tharaka Nithi County has received a donation of 1,000 packets of free semen, a milk ATM machine and milking cans from the Ministry of Agriculture. Delivering the items to 2,500 farmers in Chuka town recently, Agriculture Cabinet Secretary Peter Munya’s personal assistant Kofia Kaunani said the…
