Sacco Review

bill

MCAs urged to fast-track passage of County Cooperative Draft Bill

The County Assembly of Taita Taveta has been asked to fast-track passage of the County Cooperative Draft Bill to provide trustworthy market intelligence, practical advice and business tools to regulate and streamline registration of Saccos in the County. Deputy Governor Christine Kilalo said that the county administration is keen to ensure cooperatives in the area…

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SACCO

Dairy farmers to reap big from KCDMS project

Milk production in twelve counties countrywide is set to double following a series of interventions rolled out through a project run by the Kenya Crops and Dairy Market Systems (KCDMS). Through the US-AID-funded project, over 190,000 farmers in Kisumu, Siaya, Migori, Homa Bay, Vihiga, Kakamega, Bungoma, Busia, Kisii, Kitui, Makueni and Taita Taveta counties have…

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SACCO

County to enact laws strengthening cooperatives, CECM reveals

Busia County Executive Committee Member in charge of Trade, Industries, Investment and Cooperatives Omuse Olakachuna has revealed that the county government will enact laws that will strengthen cooperative societies in the region. Omuse disclosed that some of the issues they aim to address is how to safeguard Saccos’ funds and repayment of loans. He noted…

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SACCO

Mudavadi lauds establishment of women Islamic Sacco in Western region

Prime Cabinet Secretary Musalia Mudavadi has termed the establishment of Western Kenya Muslim Sacco a crucial step towards ensuring financial independence of women in rural areas. Speaking during the annual women Muslim women Quran competition in Kakamega,the prime CS reiterated that the government firmely supports the move by women to financially advance themselves since they…

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SACCO

CA raises alarm over increased cybersecurity attacks

The Communications Authority of Kenya (CA) has raised concern over the high number of cyber security attacks, which rose from 7.7 million in 2018 to 444 million in 2023. Speaking in Kisumu during the awards ceremony of the Kisumu edition of the Authority’s cyber security bootcamp and hackathon series 2023, Internal Audit Director Rosalid Muriithi…

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sacco

Chelugui urges cooperatives to invest in technology to tackle climate change

Cabinet Secretary Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Simon Kiprono Chelugui has urged cooperatives to invest in technology to tackle climate change which has become a challenge in the development of cooperative movement. Speaking during the 7th Annual Conference 2023 at the Cooperative University of Kenya (CUK), Chelugui said climate change has…

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SACCO

Govt has made tremendous progress in coffee reforms, Coop PS reveals

Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Principal Secretary Patrick Kiburi Kilemi has revealed that the government has made tremendous progress in coffee reforms that will see revival of the struggling sub sector. Speaking during the Kenya Coffee Trade meeting, the PS said the government is committed to reform the sub sector and…

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SACCO

Finmat Sacco embarks on member training to enhance financial literacy

Finmat Sacco has embarked on frequently holding member education days to strengthen financial literacy among members. Credit director Beatrice Kisanya assured members that the Sacco is focused on its core business of empowering members through financial literacy training so as to improve their individual as well as collective financial welfare. “Finmat Sacco prides itself for…

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SACCO

Landlords decry adverse effects of new tenancy rule

Landlords, property owners and Licensed Auctioneers of Kenya have expressed concerns over the newly proposed Landlords and Tenant Bill meant to repeal three current laws governing the real-estate subsector, and introduce one statute which will include all regulatory guidelines in the both residential and business premises. The landlords argue that the bill lacks an elaborate…

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