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Cooperatives Cabinet Secretary leads tree planting in Murang’a

Sacco ReviewMay 12, 202406 mins

Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs) Simon Chelugui on Friday, May 10, spearheaded tree planting at Kangari in Kigumo, Murang’a County in line with President Williams Ruto’s directive to mitigate against climate change. Chelugui was welcomed by the area administrators. “In line with President @WilliamsRuto’s directive setting aside May…

How to improve governance of cooperatives, restore members’ confidence

Sacco ReviewMay 11, 2024May 11, 202406 mins

Kenya is reputed to have the most vibrant cooperative sector in Africa. Financial cooperatives have grown exponentially necessitating the enactment of the sector-specific Sacco Societies Act, 2008, to regulate them. It is believed some Saccos have mobilised more deposits compared to some licenced commercial banks operating in the country. But what then ails this critical…

Britam asks SMEs to embrace flood insurance

Sacco ReviewMay 10, 2024May 10, 202402 mins

Financial service firm, Britam is requesting a small and medium-sized enterprises (SMEs) to embrace risk mitigation schemes in the wake of floods that have hit the country’s social economy. During an SME networking forum hosted in partnership with Kenya National Chamber of Commerce and Industries (KNCCI), the Managing Director of the firm Tom Gitogo said that…

Survey: Chelugui ranked 8th top-performing Cabinet Secretary

Sacco ReviewMay 10, 2024May 10, 202403 mins

Cabinet Secretary, Cooperatives and Micro, Small and Medium Enterprises Development Simon Kiprono Chelugui has been ranked 8 among the top 10 best performing cabinet secretaries by Mizani Africa. The Investment,Trade & Industrialisation Cabinet Secretary Rebecca Miano was rated the Best Performing CS in Kenya 2024 with 72.3pc performance rating. She was closely followed by Interior…

315 groups in Kilifi North Sub-county benefit from KSh24.8 billion Uwezo Fund

Sacco ReviewMay 10, 202402 mins

Some 315 groups in Kilifi North Sub-county in Kilifi County have benefited from the Government Uwezo Fund amounting to KSh24,810,000, Sacco Review has established. Speaking to Sacco Review in her office in Kilifi town recently, Kilifi North Sub-county Youth development Officer, Roselyne Wekoto revealed that the revolving funds have been disbursed to the groups to boost…

President Biden to host Ruto at White House on May 23

Sacco ReviewMay 9, 2024May 9, 202404 mins

United States President Joe Biden has planned to welcome President William Ruto to the White House this month, which will be a state visit after changing plans to visit Africa last year. White House press secretary Karine Jean-Pierre said recently that the visit set for May 23 will mark the 60th anniversary of US-Kenya diplomatic…

Theme for 2024 Ushirika Day revealed

Sacco ReviewMay 8, 202405 mins

Cooperatives around the world will on this year on July 6, celebrate the International Day of Cooperatives, also known as Ushirika Day in Kenya, with the theme “Cooperatives Build a Better Future for All.” The International Cooperative Alliance (UCA), which is the voice of cooperatives around the world, said that cooperatives worldwide will have the chance…

MPs change dates, venues of public hearings on Cooperatives Bill

Sacco ReviewMay 8, 2024May 8, 202403 mins

The National Assembly has rescheduled the dates and venues for public hearing on the Cooperatives Bill 2024, (National Assembly Bill No. 7 of 2024) for some regions. In an announcement seen by Sacco Review, the public hearing scheduled for May, 11 at Garrissa Social Hall in Garissa County has been postponed indefinitely due to unforeseen…

Nairobi’s Cooperative movement best in Africa, assets hit KSh618 billion

Sacco ReviewMay 8, 202407 mins

The success of the Cooperative movement in Nairobi City County is a key player in the economic situation of the entire country with total assets base of KSh618 billion. The county has a well-established department called the Business and Hustler Opportunities sector endowed with technocrats overseeing capacity building of the sector and providing round the…

CS Chelugui appoints 15-member new interim board at KUSCCO

Sacco ReviewMay 7, 2024May 8, 202404 mins

Ministry of Co-operatives & Micro, Small and Medium Enterprises Cabinet Secretary Simon Chelugui has appointed a new interim committee to run Kenya Union of Savings and Credit Cooperative (KUSCCO) after dissolving the previous board following mismanagement of funds allegations. In a statement by the Ministry the 15-member interim Board will be chaired by David Mategwa…