Sacco Review

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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Information Communications and Digital Economy CS Eliud Owalo addressing residents.

Govt committed to create digital jobs for youth, CS Owalo says

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…

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Kenya Union of Sugarcane Plantation and Allied Workers (KUSPAW) Secretary General Francis Wangara addressing the press.

Union threatens to sue Govt over sugarcane arrears

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…

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L-R. Rose Mbiko Tavevo Managing Director, WaterFund CEO Willis Ombai, CCO Water and Sanitation Reuben Kitololo and Director, Water Patrick Wadu.

Taita Taveta receives Ksh70 million to increase water supply

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…

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Kisumu Governor Anyang' Nyong'o during the launch of the Marwa medical cover.

Kisumu introduces new medical cover targeting informal sector

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…

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CPA Ronald N. Bwosi. Group Managing Partner Ronalds LLP.

How effective external audit can improve Sacco governance and performance

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…

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British High Commissioner to Kenya, Neil Wigan and Kisumu Governor Anyang' Nyong'o address the press.

UK companies hunt for Kisumu investments

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…

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Wanabarabara Housing Cooperative Society members display recently received title deeds. Photo Courtesy.

Join Saccos to access affordable housing, Kenyans asked

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…

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Taita Taveta Governor Andrew Mwadime addressing the press during the groundbreaking ceremony of the Rice Mill.

Taita Taveta’s Ksh45M milling plant set to revolutionize rice production

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…

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