Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Banks paid KSh66.4 billion in shares to its members for the year ended December 31, 2023. The amount translates to a 48.9 a share of the cumulative KSh153.6 billion payouts from all counters. Equity Bank topped in paying dividend to shareholders on absolute terms at KSh15 billion translating to KSh4 a share on its over…
Tea directors from factories in the Mount Kenya region have lamented over the resurgence of cartels who want to siphon farmers’ money. The directors hailing from Zones one to seven, said that the well-connected individuals are on a mission to sabotage tea reforms by the Government. The State has been undertaking various reforms to liberate…
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 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…
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…
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…
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…
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…
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…
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…
