Sacco Review

Tiberius Onsongo

The silent killer of Kenyan Saccos

In the fast-paced arena of financial management, Kenya Saccos serve as beacons of resilience and innovation, navigating turbulent cash flow through strategic foresight and careful planning. As a cornerstone of financial inclusion and community empowerment, Saccos play a critical role in Kenya’s economic fabric and serve as an important conduit for savings mobilisation and credit…

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Kipkelion District Cooperative Union Chairman Mathew Bore.

Kipkelion farmers enjoy aroma of success from coffee as production doubles

Cabinet Secretary, Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Simon Chelugui this week hosted in his office hosted a delegation from Kipkelion District Cooperative Union (KDCU) led by Chairman Mathew Bore. Chelugui noted that the cooperative has made significant progress since last October during a fact-finding tour of Kipkelion Coffee Mill at…

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Kisii Governor Simba Arati during the distribution of 200, 000 Hass avocado seedlings to farmers across the county at the Agricultural Training Centre.

Avocado farmers urged to form Saccos to curb exploitation, boost earnings

Avocado farmers in Kisii County have been asked form Saccos to help them market and sell their produce. Governor Simba Arati noted the societies will weed out middlemen who have been exploiting farmers. He spoke at Kisii Agricultural Training Centre (ATC) during the flagging off 200, 000 Hass avocado seedlings to farmers across the county….

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Kisumu County Governor Anyang' Nyong'o.

Owners of roaming livestock risk prosecution in Kisumu

Kisumu County Governor Anyang’ Nyong’o has ordered management of the lakeside city to take stern action against those allowing their livestock to roam within the Central Business District. Nyong’o said the livestock have been eating and even uprooting tree seedlings planted in parts of the city. In a speech read on his behalf by his…

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PS Cooperatives Patrick Kilemi and Commissioner for Cooperatives David Obonyo (right) before he National Assembly Trade, Industry and Cooperatives Committee. Photo: Obegi Malack

Government keen on clearing arrears owed to coffee, dairy farmers  

State Department of Cooperatives Permanent Secretary Patrick Kilemi has assured farmers that the Government has put in place measures to pay them and relieve them from mounting debts and market uncertainties. The PS who appeared before the National Assembly Committee on Trade, Industry and Cooperatives chaired by Aldai Member of Parliament Maryanne Keitany assured the…

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Omieri

Kisumu residents to catch glimpse of Omieri during Fish Fiesta festival

Kisumu County is set to showcase the revered Omieri snake as it holds the grand finale of Fish Fiesta 2024 festival. According to the County Executive Committee Member (CECM) in charge of Trade, Tourism, Industry and Marketing, Farida Salim, the snake, which is preserved at the National Museums of Kenya in Nairobi will arrive at…

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A member of the Mbeere Muguka Sacco displays the various varieties of the crop during a recent education show where the youth were advised about the effects of each species.

Muguka farmers in Embu told to join Saccos to boost income

Muguka farmers in Embu County have been challenged to join existing Saccos to reap better incomes and enhance expanded marketing of the produce locally and regionally. Consolidation of the millions of shillings earned from Muguka sector daily under cooperatives would ensure that incomes from the business are not wasted but used to improve farming and…

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MCA Joyce Yiapaso Sunte who sponsored Kajiado County Corporate Social Responsibility Bill, 2024. Photo:Obegi Malack

Kajiado companies reject bill allocating 1 per cent of their profits to CSR initiatives

A section of investors operating in Kajiado County have raised concern over the County Corporate Social Responsibility Bill, 2024 which is now in public participation stage. The bill wants companies to allocate 1 per cent of their profit to CSR in every financial year. It also details that every company shall reserve to residents of…

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SASRAChief Executive Peter Njuguna when he appeared before National Assembly Public Investments Committee on Commercial Affairs.

Public Investments Committee seeks answers on SASRA audit queries

The National Assembly Public Investments Committee on Commercial Affairs and Energy met last week to examine the audited accounts of the Sacco Societies Regulatory Authority (SASRA) for Financial Years 2013/2014 to 2020/2021. The Committee led by Member of Parliament for Navakholo Constituency and Majority Party Whip at the Kenya National Assembly Emmanuel Wangwe cross-examined SASRA…

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Photo;courtesy

Over 13 million Kenyans affected as Opera stops free data offers on regulatory changes

Opera has stopped its free data plan which allowed Kenyans to enjoy free data bundles to access the Opera, which runs the Opera Mini Browser, as a result of  local authorities’ decision, including the Betting Control and Licensing Board, to halt advertising on Speed Dials (bookmarks on the start page) within browsers. According to Google,…

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