Sacco Review

sacco

Do cooperatives still value the democratic member control principle?

As a financial year comes to an end, cooperatives need to review the year’s performance through the annual general meetings. Cooperatives are democratic organizations that are controlled by members, who actively participate in setting policies and making decisions. Members are the source of all authority and the basic unit of democratic control. Members need to…

Read More

How proposed extension services law will revitalize Agriculture sector

The government plans to revive agricultural extension services through the Agricultural and Livestock Extension Services Bill, 2022, which when passed into law, will establish the Agricultural and Livestock Extension Service (ALES). The corporate body will be mandated to enhance the competitiveness of the agriculture and food industries and increase their long-term productivity. It doing this,…

Read More

How rural Saccos can optimize their performance

Rural Saccos play a critical role in providing financial solutions to rural communities as they offer savings and loan facilities to members, who are often smallholder farmers. However, many rural Saccos face challenges that hinder their effectiveness in delivering financial services. One of the biggest challenges facing rural Saccos is poor governance and management. In…

Read More
Not Allowed