Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Competition for payment of super dividends and interest on deposits among Saccos has topped the list of the major issues affecting the pace of growth of the cooperative movement in the country. The Kenya Society of Professional Co-operators (KSPC) has raised concern over the current trend of offering super dividends and interest on members’ deposits…
The Co-operative movement in the country’s Western region can only register development if county governments put proper measures in place to support Saccos in their jurisdictions, seasoned co-operative expert Owuor Awuor has said. Owuor, who is a long time regional leader of the giant Ushuru Sacco, observed that most co-operative societies in the region are…
Dr Joseph Mwiti’s innovation of manufacturing cement using clay will serve as a welcome relief to thousands of Kenyans who aspire to build home. Dr Mwiti, a lecturer who teaches Chemistry at Meru University of Science and Technology (MUST), believes that using clay to make cement will revolutionize construction and provide a solution to high…
Co-operative professionals and practitioners, through the Kenya Society of Professional Cooperators (KSPC), have asked the Co-operative University of Kenya (CUK) to re-introduce the traditional cooperative courses it used to offer before it was upgraded to a full-fledged public university. The professionals and practitioners noted that traditional cooperative courses, such as Certificate in Cooperative Administration (CCA),…
Dr Philip Munyao, a doctor in Matungulu constituency, has asked banks and micro -finance institutions to come up with schemes to motivate coffee growers in the region. Dr Munyao asked the financial institutions to train farmers on investment opportunities, saying that if there were regular forum organized by the finance institutions, the interactions would enlighten…
A study by the Financial Access Initiative (FAI) has shed light on the role of entrepreneurs and financial service providers in providing SMEs with customized credit facilities to enable them improve their services. Titled Kenya Small Firms Diaries Study, the study revealed that 51 per cent of the adult population in Kisumu county own small…
Bee farmers in Embu county are championing for the creation of a Sacco to streamline the production and marketing of honey and products of bee keeping. Catherine Ruguru Nyagah, the coordinator of the farmers in Embu county, said the formation of a Sacco to deal with bee farming is now in the final stages and…
Geoffrey Njang’ombe, former Commissioner of Cooperatives, has a unique demeanour; polite, cool and collected. Yet behind the tranquility of mien is a tough uncompromising personality, but not in the usual sense of intense outlook commanded by senior corporate gentlemen and ladies. His amiability goes beyond common etiquette, transcending even the wiles of temptation in the…
Kenya Union of Savings & Credit Co-operatives (KUSCCO) National Chairman George Magutu has urged women and youth to vie for leadership positions in their Saccos to take them to the next level. Mugutu said for many years, youth and women have been sidelined hence they should rise up and be ready to take up positions,…
Sacco Society Regulatory Authority (SASRA) has set minimum requirements for engagement of third-party financial system integrators (vendors) that provide their financial services to Saccos in a bid to deal with cyber-attacks related to third parties.In a letter dated June 6, 2023 addressed to chief executives (CEOs) of the regulated Sacco societies, SASRA CEO Peter Njuguna…
