Sacco Review - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Hazina Sacco members told to focus on affordable loans

Sacco ReviewFebruary 26, 2024February 26, 202402 mins

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…

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

Sacco ReviewFebruary 26, 2024February 26, 202403 mins

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….

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

Sacco ReviewFebruary 23, 202404 mins

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…

KenGen invests hundreds of millions in CSR activities in Nyakach

Sacco ReviewFebruary 23, 202404 mins

KenGen, Kenya’s major electricity generating company, has spent Ksh994 million on community empowerment programmes in Nyakach Constituency, a huge amount going to the education sector. The sector consumed the lion’s share at Ksh300 million, with much of the cash going into funding bright and needy students in the area. More than Ksh197 million was spent…

OPINION: Easy ways Saccos can increase membership

Sacco ReviewFebruary 22, 2024February 22, 202407 mins

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…

Raila: I have the secret to successful affordable housing programme

Sacco ReviewFebruary 22, 2024February 22, 202405 mins

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…

SASRA warns public against trading with unauthorized Saccos

Sacco ReviewFebruary 22, 2024February 22, 202408 mins

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…

Kenyan innovations star at EAC MSMEs Trade Fair

Sacco ReviewFebruary 22, 2024February 22, 202407 mins

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…

Co-operative Bill deferred after governors complain of being sidelined

Sacco ReviewFebruary 22, 2024February 22, 202407 mins

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…

Matatu owners in Kisumu ordered to join Saccos

Sacco ReviewFebruary 22, 2024February 22, 202405 mins

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…