Agriculture - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Governor Wavinya urges investors to seize opportunities in Machakos

Sacco ReviewApril 19, 2024April 19, 202406 mins

Machakos Governor Wavinya Ndeti has urged both local and international investors to take advantage of the numerous investment opportunities, ample returns on investment and improved business environment in the county. Speaking on April 17 at the Machakos International Convention Centre when she hosted investors in a round table meeting attended by Cabinet Secretary for Investment,…

Kajiado women, boda boda riders trained on financial literacy, entrepreneurial skills

Sacco ReviewApril 18, 2024April 19, 202403 mins

Kajiado County women and boda boda operators have been empowered with financial literacy and entrepreneurial skills that will help them gain wealth, survive economic shocks, and manage their finances better. The Financial Inclusion in Kenya and Tanzania (FIKT) Project by the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) and Visa is aimed at…

Sacco re-branding is a great idea if properly planned

Sacco ReviewApril 18, 202404 mins

A number of Saccos have rebranded to breathe a new life into their existence. The hope is that with a change they will be able to capture the imagination of members, both existing and prospective, in a way that will bring positive energy and reinvigorate the many lattices that may have been rendered ineffective by…

Higher returns for coffee farmers as NCE prices soar

Sacco ReviewApril 18, 2024April 18, 202408 mins

The ongoing coffee reforms are bearing fruit as prices at the Nairobi Coffee Exchange (NCE) shoot up to all-time highs, the last week of February auction has given the solid proof. During the week’s auction on February 27, 2024, the prices rose to $9 million (approximately KSh717. 5 million), with action volume increasing to KSh1.3…

How Saccos can assist members to spread out their investments

Sacco ReviewApril 17, 2024April 17, 202405 mins

Saccos are democratically owned and member-controlled financial institutions that play a pivotal role in Kenya’s financial services economy. These credit cooperatives more often than not provide a wide range of products and financial services to their members, including but not limited to savings, loans, insurance and investment. Saccos can play an important role in assisting…

Saccos vs money market funds: Which gives the best return?

Sacco ReviewApril 17, 2024April 17, 202406 mins

Money Market Funds (MMFs) and Savings and Credit Cooperative Organizations (SACCOs) are both money-saving instruments that have gained popularity in the country. And they both promise one thing — to make your money work for you. The two work in different ways therefore understanding their unique features before making a choice is vital. What are…

CBK survey shows food prices decline in March, increased access to subsidized fertiliser

Sacco ReviewApril 17, 202404 mins

There has been a general reduction in prices of key food items last month compared to February. This is according to Central Bank of Kenya (CBK) Agriculture Sector Survey findings. The survey conducted from March 11 to 15, 2024 was aimed at identifying market expectations and recent trends on prices of key commodities and output…

Windfall for Sacco members as huge dividends, rebates are paid in 2024

Sacco ReviewApril 16, 202405 mins

It is a windfall season for active members of Saccos as their societies announce surprisingly high dividends at their Annual General Meetings (AGM) even as the multi-billion sub-sector employs different strategies to improve their services. The high dividend payments, which have given tidy returns to shareholders, come as a relief as they will be crucial…

ACCOSCA partners Visa to allow access to formal financing for unbanked populations

Sacco ReviewApril 15, 202404 mins

The African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) has partnered with VISA to launch Financial Inclusion in Kenya and Tanzania (FIKT) project to improve access and usage of formal financial services among underserved communities and small businesses. The project aims to leverage the strength of the Sacco sub-sector in Africa and the Visa…

Kenya to partner with Zambia for growth of Cooperatives

Sacco ReviewApril 15, 2024April 15, 202402 mins

Principal Secretary State Department for Co-Operatives Patrick Kilemi has said the Government of Kenya will partner with Zambia’s to improve the growth of cooperatives in the country. The PS who attended a two-day Zambia’s inaugural National Conference on Micro, Small and Medium Enterprises (MSMEs) and Cooperatives in Lusaka, Zambia said the cooperation will enhance and…