Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Cooperatives are a great asset to the attainment of sustainable development goals. They create an enabling environment for personal development and improvement of quality of life. The 101ST Ushirika Day is now behind us, but we must continue acknowledging the role cooperatives have played as enablers of accelerated sustainable development. Globally, cooperatives have contributed immensely…
President William Ruto has assured cooperative sector stakeholders that his government will fully implement the National Co-operative Policy in plans to strengthen the multi-billion shilling sector. He said the movement has contributed immensely to national socio-economic development. “The government is determined to take appropriate measures to ensure full implementation of Sessional Paper Number 4 of…
It is a windfall for Savings and Credit Cooperatives (Saccos) as they pick the spoils from bank fallouts prompted by skyrocketing interest rates. Loan seekers are streaming into Saccos for loans with lower interest rates, as banks increase the pricing of loans to levels last seen over seven years ago. Moreover, customers with loans in…
The Nairobi Coffee Exchange (NCE) is planning to license five more coffee cooperative unions by the end of this month. This follows the licensing of 11 cooperative unions. The unions will sell coffee directly at the NCE and overseas, thereby eliminating the need for middlemen between farmers and buyers. NCE is also expected to reopen…
Cooperatives have been urged to embrace the seven principles of the movement if they must return to the old days when they were a great success. Prof. Esther Gicheru, Deputy Vice Chancellor (DVC) at Cooperative University of Kenya (CUK), who has been in the cooperative industry for almost a half a century, has said the…
The International Day of Cooperatives Day is always a special occasion to celebrate the remarkable impact of cooperative enterprise and pay tribute to those that have changed countless lives and created shared prosperity in communities. And with Kenya boasting the largest movement in Africa, the eventful day, which Savings and Credit Co-operative Societies (Saccos) look…
The recently held Ushirika Day marked a significant milestone in celebrating the accomplishments of Kenyan cooperatives. However, the future of cooperatives lies in their ability to adapt, innovate, and collaborate. The day, celebrated annually on the first Saturday of July, is a significant event that highlights the importance of cooperatives in the country’s economic development….
Sacco Societies Regulatory Authority (SASRA), the country’s Sacco regulator, has revised its corporate governance guidelines to include non-withdrawable deposit-taking (NWDT) Saccos, which are now fully under its supervision. The new guidelines, a review of the 2015 document, were made public by SASRA on July 3, 2023. It has expanded its scope to include the corporate…
The Cooperative movement is part of the major sectors the government expects to help it achieve its Medium Term Expenditure Framework (MTEF) objectives for the period 2023/24 – 2025/26. MTEF normally sets out three-year spending plans of the government and its aim is to ensure that budgets reflect the government’s social and economic priorities and…
The Cooperative Alliance of Kenya (CAK) has started a project to train Trainer of Trainers (ToTs) to support rural women and youth in the dairy sub-sector and empower them to become champions of animal nutrition and breeding programmes. Dubbed ‘Strengthening Agricultural Knowledge and Innovation Ecosystem for Inclusive Rural Transformation and Livelihoods in Eastern Africa’, (AIRTEA),…
