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

Fertilizer imports decreased drastically this year, study shows

Sacco ReviewJuly 17, 202404 mins

The country’s fertilizer imports reduced by three- quarters ahead of this year’s main planting season with data from Kenya National Bureau of Statistics (KNBS) showing that approximately 143, 569.5 tonnes of chemical fertilizer were imported into the country during the first quarter of the year. The imports represented a 66.27 per cent decrease compared to…

UFAA has Sh. 60 billion unclaimed assets

Sacco ReviewJuly 17, 2024July 17, 202406 mins

The Unclaimed Financial Assets Authority (UFAA) has in its possession more than whooping Sh. 60 billion in terms of cash and assets which it intends to release to the legitimate claimants. UFAA Board Chairman Dr. Francis Njenga said the state agency has collected sh. 32 billion in cash and an additional sh 1.7 billion unit…

Audit private coffee millers to tame theft, Govt urged

Sacco ReviewJuly 17, 202404 mins

Meru Senator Kathuri Murungi has called on the government to audit all private coffee millers across the country following the increasing coffee theft cases. Speaking at Kariene in Central Imenti constituency, Kathuri who is also Senate Deputy Speaker urged the ministry of agriculture to move with speed and collect data on source and volumes of…

KRC boss faces imprisonment due to demolition of houses in Kisumu

Sacco ReviewJuly 17, 2024July 17, 202404 mins

Kenya Railways Corporation’s Managing Director, Philip Mainga, faces possibility of being imprisoned for his refusal to compensate residents of Kisumu village whose homes were demolished by the corporation three years ago. Environment and Land Court Judge Samson Okong’o ordered Mr. Mainga to appear in court on July 25, 2024 and explain why he should not…

Machakos Farmers Co-ops receive grant after locust invasion

Sacco ReviewJuly 17, 2024July 17, 202403 mins

Four farmers’ co-operative societies in Machakos have a reason to smile after the County government through the Emergency Locusts Response Fund (ELRF) gave them a grant meant to improve marketing of their farm produce in a bid to compensate them after the recent locust invasion. The societies each received a grant of Ksh500, 000 through…

Transition technical challenges made some customers get Hustler loans without IDs, says KCB

Sacco ReviewJuly 16, 2024July 17, 202405 mins

The Kenya Commercial Bank (KCB) has recently responded to Auditor General Dr. Nancy Gathungu’s report which showed that some customers received Hustler loans without Identification Cards noting that the problem was caused by technical hitch during transition. Through a statement from the bank Managing Director Mrs Annastacia Kimtai, KCB indicated that the auditor had shared…

Imarika Sacco commemorates Ushirika Day in Kilifi

Sacco ReviewJuly 13, 2024July 13, 202403 mins

Imarika DT Sacco celebrated International Cooperatives Day, locally known as Ushirika Day, on Saturday, July 6, 2024. The Sacco Chairman John Nziro, Board of Directors, CEO George Yongo Ngala, and management, along with other key figures, gathered to mark the 102nd Ushirika Day. Kilifi County Governor Gideon Mung’aro was also in attendance. The Ushirika Day…

Active Co-op members more optimistic and happier lot, study shows

Sacco ReviewJuly 12, 202407 mins

Active members of a cooperative are more likely to be assisted by their respective entities in case of any unforeseen challenges, a recent research study has shown. According to a Cooperative Resilience Longitudinal Study in Kenya, which was conducted for the last 5 years, about 82 per cent of cooperative members expressed certainty that if…

Saccos holding KSh91 million in unclaimed assets

Sacco ReviewJuly 12, 202408 mins

James Kinuthia was a member of one of the biggest Saccos in the country; he was employed and used to contribute Ksh1,000 monthly. In the year 2001, Kinuthia lost his job, rendering him unable to make the monthly deposits. Subsequently, he withdrew his deposits, receded to the village and lost contact with his Sacco. Little…

Fired Cooperatives CS Chelugui speaks out

Sacco ReviewJuly 12, 202403 mins

Cooperatives and MSME Development Cabinet Secretary Simon Chelugui has issued statement moments after being sacked. In a statement shared on X, Chelugui thanked President William Ruto for entrusting and giving him an opportunity to serve the people of Kenya under his administration. While quoting bible, Chelugui thanked Ruto and Kenyans and promised to support Ruto…