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

New committee launched to tackle billions in farmers’ cooperative debts

Sacco ReviewOctober 15, 202403 mins

The National Government has kicked off process of offset debts in the farmers cooperatives society by setting up a committee to audit debts worth billions of shillings owed to farmers by cooperatives societies. The committee which is chaired by cooperatives commissioner is set to look into the issue of debts which has been arising in…

CS Oparanya gives new KCC management 90 days to give report on how to improve its productivity

Sacco ReviewOctober 15, 202405 mins

Cabinet Secretary Ministry of Co-operatives Wycliffe Oparanya has directed the management of new Kenya Co-Operative Creameries (KCC) to give a report within 90days on the restructuring process of the government corporation to have a vibrant and productive institution. The CS alongside Principal Secretary for Cooperatives, Patrick Kilemi on Monday had a meeting with the New KCC…

Why collaterals are gaining popularity over unsecured loans

Sacco ReviewOctober 14, 202407 mins

As competition stiffens from commercial banks, majority of Savings and Credit Cooperative Societies (Saccos) are making clever moves to accept personal security such as title deeds and log books in place of the traditional guarantors for loans. In recent years, a significant number of Saccos across the country have reportedly been giving members the option…

Empower youth by developing products that resonate with them, Saccos told

Sacco ReviewOctober 14, 202404 mins

Saccos have been urged to develop youth-attractive products and services that include tailored saving plans, micro-loans for start ups, and financial literacy programmes aimed at empowering them to make informed financial decisions. Kiambu Deputy Governor Rosemary Kirika, speaking during Dimkes Sacco’s 25th anniversary at St Paul ACK Church grounds in Kiambu town, said young people…

Why Solution Sacco is the Sacco to watch out for in 2024

Sacco ReviewOctober 12, 202402 mins

Solution Sacco in recent years has achieved an all-round growth stamping its legacy as being one of the very best Sacco in the Co-operative world. The Sacco which has been in existence for over 30 years under the leadership of the Chairman Francis Rimbera, bagged the best trophy in credit management deposit taking Saccos category…

University of Embu empowers miraa farmers with essential legal knowledge

Sacco ReviewOctober 12, 202407 mins

The school of law at the University of Embu has launched major campaigns to equip local Miraa farmers on the legal intricacies involving the farming of the crop classified a pillar to the County’s economy. Under a chain of various legal aid clinics, resource persons drawn from the institutions now vibrant school of law, farmers…

SACCA congress delegates to plant 15,000 trees in Kenya to boost forest coverage

Sacco ReviewOctober 11, 202406 mins

In an effort to practically join the Government of Kenya in fulfilling its obligation of advocating for trees planting in the Country, SACCA Congress delegates will plant 15,000 trees within Education institutions in Gilgil sub county, Nakuru , Friday this morning. The African Confederation of Cooperative Saving and Credit Association Executive Director George Ombando said…

Governor Bii advocates for cooperative model to drive economic growth

Sacco ReviewOctober 11, 202404 mins

Uasin Gishu Governor Dr. Jonathan Bii has urged county residents and stakeholders to adopt the Cooperative model as a means to build a better future for all. During his address to cooperative leaders at the inaugural Eldoret City Cooperative Leaders Convention Forum recently, which was attended by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya,…

President Ruto champions cooperatives as key to economic growth in Africa

Sacco ReviewOctober 10, 202409 mins

President William Ruto has said Cooperative movement is a powerful engine for economic development of African Nations. Speaking during official opening of 24TH SACCA Congress held in Naivasha the President said the Cooperative movement empowers vulnerable citizens making them earn a livelihood and enables them to be economically stable. The president said 30 per cent…

Why the Pan-African Parliament is determined to harmonize cooperative legislations

Sacco ReviewOctober 9, 202409 mins

As the country eagerly awaits the enactment of new cooperative laws to regulate the sector, under the devolved system of government, the Pan-African Parliament (PAP) has coincidentally developed a Model Law that seeks to harmonize all cooperative legislations across the entire continent. This Model Law was adopted by the Pan-African Parliament during the 3rd Session…