Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Simon Chelugui has appointed five new members to the Co-operative Tribunal to meet the quorum and help to deal with the backlog of cases before the tribunal. In a Gazette Notice No. 2885 dated February 23, 2023, the CS appointed the new members…
The Cooperative movement is part of the major sectors the government expects to help it achieve its Medium Term Expenditure Framework (MTEF) objectives for the period 2023/24 – 2025/26. MTEF normally sets out three-year spending plans of the government and its aim is to ensure that budgets reflect the government’s social and economic priorities and…
By Stephen Muthini Farmers in Machakos County have received financial boost to increase productivity after the County government issued cheques worth over Sh138 million to various Cooperative Societies and Community Based Organizations. The cheques were issued by governor Wavinya Ndeti at Machakos People’s Park where farmers’ groups also showcased their products. The event billed as…
By Peter Otuoro Kenyans have been urged to tap into housing cooperative societies to enable them save and own houses in urban areas. Lands, Public Works, Housing and Urban Development Cabinet Secretary Zachariah Njeru said many Kenya are not aware of benefits gained after joining housing cooperatives. He said the ministry will work with his…
By Ken Langat In bid to ward off unscrupulous cartels that have permeated Avocado industry and made themselves a bargaining chip, farmers from Kericho have formed a cooperative society. Kericho Avocado Farmer Cooperative Society was presented to the registrar of companies last year by the farmers as an umbrella body to collectively market their produce…
By Fredrick Odiero SASRA Chairman Jack Ranguma has expressed concern over the low asset base levels of Saccos from Nyanza region. Ranguma said Saccos in the country have a total asset base of Ksh 886 billion yet Nyanza region controls a paltry Ksh3.6 billion (0.2%) of the total amount. Speaking during Keystone Sacco’s Annual…
By Sacco Review reporter Over 70,000 farmers have benefited from loans worth Ksh 1 billion since the inception of the Agricultural Finance Corporation’s (AFC) cheap credit scheme in 2018 that targets to benefit women on agri-finance in Kenya. The money was accessed through Saccos, microfinance institutions and Micro, Small and Medium Enterprises (MSMEs) with AFC…
By Roy Hezron Co-operative professionals and practitioners through their body the Kenya Society of Professional Cooperators (KSPC) have called upon the government through the State Department for Co-operatives to address the matter of timely data and information in cooperatives. The practitioners have further recommended for the establishment of an information and document portal with links…
By Benedict Ngetich Kericho based Ndege Chai Housing Cooperative Society has revealed plans to venture into income generating activities other than tenancy and sale of plots and tea for increased revenue. Mrs Edna Chepkwony, the Sacco’s Chairperson, noted that the society has continued to pursue other business opportunities with other stakeholders with a view of…
By John Majau. Isiolo abattoir once operational will be an economic game changer by creating opportunities for county residents in the tannery industry, animal feeds, and meat processing. Isiolo County Agriculture CECM Jusuf Mohamed affirmed that the ravaging droughts that led to the loss of 50% of the county livestock particularly cattle would have been…
