Sacco Review

Commissioner for Co-operative Development David Obonyo (right), Hazina Sacco National Chairman Evans Kibagendi (centre) and Director Paul Mwangi during Hazina Sacco ADM in Nairobi recently. Photo: Obegi Malack

Hazina Sacco members told to focus on affordable loans

Commissioner for Co-operative Development David Obonyo has challenged Savings and Credit Cooperative Organizations (Saccos) members to focus on getting affordable loans from their Saccos rather than high dividends. Speaking during the recently concluded Hazina DT Sacco Annual Delegates Meetings (ADMs) in Nairobi, he asked members to have long term investments through the Saccos, since co-operative…

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East Africa Community and Regional Development Cabinet Secretary Peninah Malonza

Malonza: Govt to set up new rice milling machine in Kibos

The Lake Basin Development Authority (LBDA) plans to put up a new rice milling machine in Kibos, Kisumu East, to revamp aging ones. Cabinet Secretary for East Africa Community and Regional Development Peninah Malonza said the new milling machine will revolutionize rice farming in the region with a move aimed at growing wealth creation amongst farmers….

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Business elite in Kisumu to install 2,500 CCTV cameras around city

The business elite in Kisumu are planning to install over 2,500 CCTV cameras around the city to enhance security, especially around bus stops and all residential estates. The city management heavily relies on CCTVs installed on private buildings belonging or leased by the business community, the city manager Abala Wanga saying they had received feedback…

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Raila Odinga.

Raila: I have the secret to successful affordable housing programme

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…

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SASRA SACCO
SASRA CEO, Peter Njuguna.

SASRA warns public against trading with unauthorized Saccos

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…

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A section of Kenyan participants at the Trade Fair.

Kenyan innovations star at EAC MSMEs Trade Fair

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…

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Bungoa Governor, Kenneth Lusaka.

Co-operative Bill deferred after governors complain of being sidelined

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…

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Kisumu City Manager Abala Wanga.

Matatu owners in Kisumu ordered to join Saccos

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…

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