Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Savings and Credit Cooperative Societies (Sacco) external Annual Audits are a standard practice undertaken by all Saccos in Kenya whether Deposit Taking or Non-Deposit Taking. This routine has gone on for a long time but in most cases, External Audit has not yielded the necessary and much anticipated benefits to various Saccos. Good external audit…
The British High Commissioner to Kenya, Neil Wigan has announced that firms in the United Kingdom (UK) are keen on investing in Kisumu County to leverage the region’s huge economic potential in agriculture and the blue economy. Wigan said the UK government was keen on supporting interested companies in Britain to invest in the lakeside…
Kenyans have been asked to join Savings and Credit Cooperatives Societies (Saccos) to easily own and invest in property. According to Engineer George Kiiru, the Chairman of Wanabarabara Housing Cooperative Society, buying property as a group is much easier and more affordable as compared to buying it individually. Addressing the press in Kisaju located in…
Taita Taveta County has taken up an initiative to set up a Ksh45 million rice mill in Taveta Sub-county to revolutionize rice farming in a move aimed at growing wealth creation amongst the farmers in the region. Hundreds of rice farmers in the county, who have been selling unpolished rice at a throwaway price and…
