Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Qwetu Sacco has launched Bakisha Savings Account, a product aimed at increasing savings by encouraging members from across all sectors to embrace a saving culture. The Account enables members and non-members to open an account where they can save from as low as Ksh5. Speaking on Saturday during the 2023 Special Delegates Meeting (SDM) at…
Rice farmers have been assured of their produce’s safety after the National Irrigation Authority (NIA) announced its collaboration with the Department of Crop Protection to mitigate the effects of Quelea birds that have been ravaging their farms. West Kenya Schemes (WKS) Manager Kennedy Ouma said that they will initiate a massive campaign to fight the…
Players in the Information, Communication and Technology (ICT) industry have been encouraged to adopt Artificial Intelligence (AI) technology while conducting audit exercises and ensuring conformity to governance compliance in the process. Speaking during the Governance, Risk and Compliance (GRC) conference hosted by ISACA Kenya Chapter and held at Sarova Imperial Hotel in Kisumu, Deputy Auditor…
Gusii Mwalimu Sacco Society Limited has unveiled Karibu Loan, a product launched to cater to new members who need instant loans. Sacco’s CEO Jared Makori Moenga said that the move is aimed at bolstering the Sacco’s commitment to consistently design products that suit every individual need of each customer. He said that the main advantage of…
Eco-Pillar Sacco has launched a major recruitment campaign to admit more members, especially teachers, in West Pokot sub-county and its environs. Led by Lodwar branch Head of Marketing Naomi Loribo, the Sacco marketing team hit the road beginning with Tampalal Primary School where they engaged with teachers while sensitizing them on the importance of saving…
Uasin Gishu Chief Officer for Cooperatives and Enterprise Development Ruth Samoei has urged cooperative societies to allow young people in their management. Speaking during a visit to the Kipsonoi Dairy Cooperative Society in Bomet County, Samoei noted that most cooperatives are run by old folks and that there is a need for a paradigm shift…
The County Government of Tana River has set aside Ksh10 million this Financial Year 2023/24 for loans to enable small-scale traders to expand their businesses. Kenya National Chamber of Commerce and Industry (KNCCI ) Tana River county branch chairman Hassan Barisa revealed that the money, which is a revolving Fund, will be disbursed from next…
The Kenya Electricity Generating Company (KenGen) has reported a 48% growth in profit after tax for the Financial Year (FY) ended June 30, 2023, surging to Ksh5.02 billion up from Ksh3.4 billion in the previous FY. It also reported a 14% growth in revenue from Ksh47.48 billion in 2022 to Ksh53.96 billion largely spurred by…
While Savings and Credit Cooperative Societies (SACCOs) offer a myriad of benefits to members, they are also exposed to a lot of risks and with the progressive development in technology, regulatory demands and members’ needs, new risks are bound to keep cropping up. Types of risks There are several types of risks faced by SACCOs…
The National and County governments have been urged to encourage farmers to take up climate-smart agricultural practices to boost food security in the country. Speaking in Kisumu early this week, Queen Máxima Zorreguieta Cerruti said that farmers would realize high yields if they embraced climate-smart agriculture in the wake of climate change, drought and floods….
