Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kakamega based Invest & Grow (IG) Sacco’s intensified loan recovery measures are starting to bite, with some members feeling the heat as the cooperative pushes for timely repayments. In a statement released recently, the Sacco said its proactive loan processing and recovery strategy is yielding results, signaling a tougher stance on members who default. The…
The government has injected Kh3.5 billion to refurbish tea factories to meet international standards and also enable them to do value addition on tea for better prices at the tea auction center in Mombasa. Speaking at Olenguruone Tea Factory during the issuing of a corporation certificate to the factory to enable it operate autonomously as a…
President William Ruto and his Ugandan counterpart Yoweri Museveni on Saturday commissioned the construction of the Kisumu–Malaba Standard Gauge Railway (SGR) line in Kisumu. The historic event marks a significant step toward strengthening regional transport and trade connectivity. Speaking during the event, President Ruto said the Kenya-Uganda Railway, a colonial infrastructure traversing Kenya from the…
The entire Executive Committee members of the Market Day Traders Savings and Credit Co-operative Organization (SACCO) have been voted back into office. The office bearers led by the SACCO chairman Francis Oduor were re-elected unopposed during their 3rd Annual General Meeting in Nyilima, Rarieda, Siaya County. Others also elected unopposed include; Peter Otieno as secretary,…
The first thirty days in any new role are often misunderstood. Many leaders assume this period is too early to judge an employee’s value, preferring to wait for measurable results over several months. Yet, the truth is far more compelling: the first month does not reveal performance, but it reveals something far more powerful—potential. And…
The Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework has called for immediate reforms at the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) to restore public confidence following a massive fraud scandal. The scandal, which saw over Ksh13.3 billion misappropriated from member SACCOs, involved illegal withdrawals, unauthorized transfers, and unsupported executive…
Kenyan women entrepreneurs are grappling with mounting economic pressure linked to the ongoing Israel–Iran conflict, with industry players warning that escalating production costs could soon be passed on to consumers. Businesses that depend on imports of raw materials and finished goods from the Middle East and other affected regions are bearing the brunt, as shipping,…
Ushuru Savings and Credit Co-operative Society has written off Sh5 million tied to its investment in the troubled Kenya Union of Savings and Credit Co-operatives (KUSCCO), underscoring growing risks in the cooperative sector. The impairment, disclosed in Sacco’s latest annual report, reduced the value of its KUSCCO shares from Sh15 million to Sh10 million. The…
The Savings and Credit Co-operative Societies (SACCOs) in Kenya might finally have a deposit protection fund(DPF) similar to that enjoyed by banks, 5 years after Kenya’s Cabinet approved amendments to the Savings and Credit Co-operative Societies (SACCO) Act, to make this happen. The fund proposed by the sector experts seeks to establish a deposit insurance…
Youth, including graduates from colleges and universities have been urged to embrace avocado farming to boost their lives. Kisii County Agriculture Deputy Director Nicholas Manyisa said avocado farming is lucrative and challenged youth to embrace it in order to boost their incomes and standard of living. Speaking at Kisii Agricultural Training Centre (KATC) during the…
