Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos all over the world play a critical role in promoting financial inclusion through provision of financial services to members. However, membership size can have a direct impact on their long-term sustainability. This means that a Sacco with a large membership is more likely to be stable. There are a number of strategies in which…
Opposition leader Raila Odinga has said that he has the solution to the problems bedeviling the implementation of the government’s affordable housing project and he is only bidding his time before coming to the rescue. Raila said he is the only Kenyan who has the secret and blueprint to the success of the project because…
Sacco Society Regulatory Authority (Sasra) has warned the public against undertaking any related Savings and Credit Co-operative (Sacco) business with those entities that are not registered and regulated by the Authority. In a recent Public Caution issued by Chief Executive Officer (CEO) Peter Njuguna, the Authority has observed that a large section of members of…
Kenya scooped the second position for the most innovative products during the recently concluded 23rd East Africa Community Micro, Small and Medium-sized Enterprises (MSMEs) Trade Fair formerly known as the Jua Kali-Nguvu Kazi Exhibition after the United Republic of Tanzania clinched first position in the exhibitions held in Bujumbura, Burundi. The Trade Fair whose theme…
The Co-operative Bill, 2023 has now been put on hold after county governors claimed that they were not consulted during the drafting. Sponsored by the government through the Ministry of Co-operatives and Micro, Small and Medium-sized Enterprises (MSMEs) Development, the Bill was in Parliament to allow for its first reading before proceeding to other stages…
The Kisumu county government has ordered all public transport owners to register their vehicles with Savings and Credit Cooperative Organization (Saccos). The County Executive Committee Member (CECM) in charge of Infrastructure, Energy and Public Work Mr Salmon Orimba said it is a Government policy that all matatus must be registered with Saccos warning that vehicles…
The government is committed to creating jobs for youths across the country using digital platforms, Information Communications and Digital Economy Cabinet Secretary (CS) Eliud Owalo has said. Owalo said that this is in line with the government’s manifesto to create employment opportunities for the youth adding that they will ensure that all youth are engaged…
The Kenya Union of Sugarcane Plantation and Allied Workers (KUSPAW) has threatened to move to court to stop the process of leasing State-owned sugar factories if the debt owed to workers is not cleared. Union Secretary General (SG) Francis Wangara said the workers were owed over KSh5.5 billion yet there was no clear indication of…
Despite Taita Taveta County being among the sources of fresh water in the Coast region, it is ironic that the region has been facing water scarcity as residents in some parts struggle to obtain the precious commodity. As a measure to curb the shortage, the county government has secured a Ksh70 million financing agreement with…
The County Government of Kisumu has launched a subsidy programme to support individuals in the informal sector to enable them to have health insurance cover. In the subsidy programme dubbed Marwa, the county government will contribute KSh500 to the Social Health Insurance Fund (SHIF), with the balance being contributed by the beneficiaries. While launching the…
