Cooperative PS Patrick Kilemi

Treasury set to slash Cooperatives Ministry budget by KSh959 million

The Principal Secretary for Cooperatives Patrick Kilemi has urged parliament to consider additional of funds to ministry for successful implementation of reforms. The PS had led a team from the State Department for Cooperatives to a meeting with the National Assembly Committee on Trade, Industry and Cooperatives chaired by Embakasi North MP James Gakuya recently….

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CS Cooperatives and Micro,MSMES Simon Kiprono Chelugui (fourth left) after a meeting with Council of Governors to deliberate on Cooperatives Bill, 2024. Photo: Obegi Malack

Council of Governors to submit views on Cooperatives Bill 2024

Council of Governors has presented a technical working group to give input on the Cooperatives Bill 2024 which is currently in Parliament. The governors led by Bungoma Governor Kenneth Lusaka, who is also the chairman of the Agriculture, Livestock and Cooperatives in the COG held a consultative meeting on Thursday presided over by Cabinet Secretary,…

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Suba North MP Caroli Omondi

Assent Sugar Bill into law, Suba North MP urges President Ruto

Leaders drawn from sugarcane growing belt have called on the President William Ruto to assent into law the Sugar Bill that has now passed its first and second reading at the National Assembly and Senate. Suba North MP Caroli Omondi said with the passing of the bill, farmers were bound to benefit fully from cane…

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CS Cooperatives Simon Kiprono Chelugui, PS Patrick Kilemi with Sacco leaders who will participate in the 2024 Women's Mentorship Programme (WMP) in Canada in June. Photo:Obegi Malack

Women leaders in Saccos sponsored to attend 2024 women’s mentorship programme in Canada

Eight women leaders who were selected to participate in the 2024 Women’s Mentorship Programme (WMP) organised by the Co-operative Development Foundation of Canada (CDF Canada) will depart the country on June 20 for the mentorship programme. The Women leaders of Credit Union will benefit from international professional development and mentorship opportunities. The program will run…

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Sacco Review team during the last year's International Day of Ushirika Day at KICC. Photo Obegi Malack

Cooperatives leaders roll out activities as they gear up for Ushirika Day celebrations

Cooperatives leaders have launched activities in preparation for the upcoming International Day of Cooperatives (Ushirika) Day to be marked on July 6, 2024. The theme for this year’s Ushirika Day is “Cooperatives build a better future for all,” it will be held in Nairobi County at the KICC grounds. State Department of Cooperatives Permanent Secretary…

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Nairobi Woman Representative Esther Passaris

Passaris urges Treasury to increase tax to bar banks, Saccos from lending to government

Nairobi Woman Representative Esther Passaris has urged the National Treasury to push the 5 per cent withholding tax on the interest income earned from the infrastructure bonds to 20 per cent. She revealed this in a statement on Thursday, May 16, 2024 seen by Sacco Review where she noted that the current proposed tax will…

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Chinga Farm in Nyeri emerges best in world coffee competition held in South Korea

Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs), Isaac Chelugui, revealed on Wednesday, May 15 that Kenya’s coffee was voted as the best coffee in a global competition. The World Coffee competition (WCC) was held in South Korea at the beginning of May. The recent competition featured several companies showcasing their…

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The CEO of DTB, Nasim Devji.

Six highest paid bank CEOs in Kenya earning over KSh65 million monthly salaries

The CEOs of major Kenyan banks, including Equity, KCB Group, NCBA, Diamond Trust Bank (DTB), Standard Chartered Kenya (StanChart), and Absa, received a monthly pay exceeding KSh65 million last year. In the previously mentioned list of the top six banks, KCB Group’s Chief Executive, Paul Russo, was among the highest earners, receiving a monthly gross salary of KSh14.8…

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Sony Sugar has new Managing Director, Martin Ogola Dima appointed

At long last Martin Ogola Dima can now take over as the new substantive Managing Director of South Nyanza Sugar Company Limited after the Court cleared him free of guilt. The Employment and Labour Relations Court in Kisumu threw out a suit challenging his recent appointment by the firm’s Board of Directors chaired by Jared…

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Sacco growth
Cooperatives and MSMEs Development CS Simon Chelugui

New KPCU disburses KSh52 million to coffee farmers, Machakos gets lion’s share

Ministry of Cooperatives and MSME Development has disbursed KSh52,212,976 Coffee Cherry Advance Revolving Fund (CCARF) to 3328 coffee farmers across 15 counties Cooperatives Cabinet Secretary Simon Chelugui indicated in statement on Tuesday that the funds were released between May 6, 2024 and May 13, 2024 through New Kenya Planters Cooperative Union (KPCU). A total of…

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