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

Beyond the Finish Line: The Rise of Iten Athletics Sacco

Sacco ReviewOctober 4, 202404 mins

Athletes in Elgeyo Marakwet have formed a sacco aimed with assisting them in managing their finances and investments. Iten Athletics Sacco comprises athletes and their coaches drawn from North Rift region. According to the sacco chairman Richard Kanda, the sacco has over 200 members calling for other athletes to join. He termed the move as…

Farmers in Kitui Receive Grants for Agriculture Projects

Sacco ReviewOctober 4, 202405 mins

The Kitui County government through the County Agriculture and Livestock Development Ministry is providing the inclusion grants to the farmers’ savings and credit cooperative societies across Kitui County. The grants are by the National Agricultural and Value Chain Development Project (NAVCDP). The county government rolled out the programme in the county recently where the ceremony…

Cost of Fertilizer Remains a Thorny Issue to Farmers, Study Reveals

Sacco ReviewOctober 4, 2024October 4, 202405 mins

The cost of fertilizer remains the biggest challenge to most farmers across the country despite the government’s efforts to introduce subsidized packages, a thing which continues to hinder food production according to a recent study. As per the latest Agriculture Survey by the Central Bank of Kenya (CBK) whose main objective was to obtain indicative…

MPs Directs Hustler Fund Department to Submit List of Defaulters

Sacco ReviewOctober 2, 202404 mins

Members of Parliament have instructed the Financial Inclusion Fund, popularly known as the Hustler Fund, to submit a comprehensive list of loan defaulters. The MPs under National Assembly Special Funds Accounts Committee want the committee to present comprehensive details of the defaulters. The Committee which met Principal Secretary Susan Mang’eni and Acting Chief Executive Officer…

Mediation Committee Meets to Consider Contentious Clauses of Sugar Bill

Sacco ReviewOctober 1, 202403 mins

The Mediation Committee on the Sugar Bill (N.A. Bill No. 34 of 2022) has started considering clauses of the Bill that are under mediation. The committee which is chaired by Emmanuel Wangwe (MP Navakholo) first considered sub clause 38 (6), which, if amended, will see the Members agree on the institution that will be in…

ACCOSCA: Cooperatives Bill 2024 will change the sector positively

Sacco ReviewSeptember 30, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said that the Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the…

Cooperatives Bill 2024 will be the game changer in the cooperative Sector, ACCOSCA Director says

Sacco ReviewSeptember 25, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said The Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the same…

Best SACCOs feted in 2024 Ushirika Day Award Ceremony

Sacco ReviewSeptember 23, 2024September 24, 202407 mins

Savings and Credit Co-operatives (SACCOs) in the country have been awarded for their good performance in the year ended 2023 in Award Ceremony and Luncheon for Ushirika Day celebrations held in Nairobi on Friday . Some of the Saccos Awarded include Kenya National Police Sacco that was awarded Best Managed Sacco in the country, Tembo…

6.8 million members borrowed over Ksh700 billion in Saccos

Sacco ReviewSeptember 17, 202403 mins

The membership in the country’s Savings and Credit Co-operatives (SACCOs) has increased from 6.42 million in 2022 to 6.84 million in 2023, borrowing over Ksh700 billion within a span of one year. According to the recently released 2023 Annual Sacco Supervision Report by SASRA the increase in the 357-Regulated Saccos translated to 6.57 per cent…

Mwalimu Sacco maintains top position in Kenya, Africa in latest report

Sacco ReviewSeptember 17, 202405 mins

Mwalimu National DT Sacco has maintained its top position in the country and in Africa as one of the Savings and Credit Co-operatives (SACCO) with the highest asset base in the latest supervisory report released by the country’s Sacco regulator. According to the recently released Sacco Societies Regulatory Authority (SASRA) 2023 Annual Supervision Report, Mwalimu…