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

Kakamega county triumphs in water, sanitation championships

Sacco ReviewSeptember 12, 202404 mins

Kakamega County Water and Sanitation Company (KACWASCO) has reason to celebrate after successfully defending its titles in both soccer and Isukuti dance championships during the 13th edition of the WASCO games held in Murang’a County last month. Kakamega County Governor Fernandez Barasa received the coveted trophies on behalf of the KACWASCO teams, which demonstrated remarkable…

Saccos Urged to Innovate New Products to Boost Active Membership

Sacco ReviewSeptember 12, 2024September 12, 202402 mins

The Sacco Societies Regulatory Authority (SASRA) has urged Saccos to develop new savings and credit products tailored to the changing needs of members, a move that will greatly reducing dormant accounts. SASRA, in a report released on Wednesday, noted that reactivation of dormant accounts should be the top priority for Saccos that seek to boost…

Govt to create 5 million MSME jobs in 3 years, Oparanya says

Sacco ReviewSeptember 12, 2024September 12, 202409 mins

The government targets to create five million jobs in the Micro Small and Medium Enterprises (MSMEs) sector in the next three years, Cooperatives Cabinet Secretary Wycliffe Oparanya has revealed. Oparanya disclosed that currently 15 million Kenyans are employed in the MSME sectors and the government has plans to move the number to 20 million in…

New KCC re-advertises position of Managing Director

Sacco ReviewSeptember 11, 202402 mins

The New Kenya Co-operative Creameries (New KCC) has re-advertised the position of Managing Director (MD) to replace Nixon Sigey whose tenure at the creamery is drawing to a close. In a job advert made by the creamery, the interested party must be a team leader with a track record in business leadership. “We are seeking…

SASRA releases list of top Saccos, Mwalimu Sacco maintains top position in Kenya, Africa

Sacco ReviewSeptember 11, 2024September 11, 202405 mins

Mwalimu National SACCO has maintained its top position as the largest SACCO in Kenya and Africa with an asset base of over Ksh.66.43 billion this is according to Sacco Societies Regulatory Authority (SASRA) 2023 Annual SACCO Supervision Report. The report released on Wednesday indicated that Stima DT Sacco commands ksh 59. 15 billion taking second…

Oparanya disbands Barichu Farmers Cooperative’s management

Sacco ReviewSeptember 11, 202403 mins

Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Wycliffe Oparanya, has disbanded the management of Barichu Farmers’ Cooperative Society Limited in Mathira Constituency, Nyeri County. During a visit to the society in Karatina town yesterday where he met with thousands of farmers, Oparanya ordered the immediate removal of the management to allow for…

SACCO members up from 6.42 m in 2022 to 6.84 m 2023, SASRA 2023 Supervision Report indicates

Sacco ReviewSeptember 11, 2024September 11, 202406 mins

Sacco Societies Regulatory Authority (SASRA) has released 2023 Annual SACCO Supervision Report, the report documents the performance, activities, and operations of SACCO Societies in Kenya. The Cabinet Secretary Ministry of Cooperatives, Micro Small & Medium Enterprises (MSMEs) Wycliffe Oparanya who was the chief guest during release of the report on Wednesday said the SACCO industry…

Orengo backs launch of DTB bank Bondo branch

Sacco ReviewSeptember 11, 2024September 11, 202404 mins

The Governor of Siaya County James Orengo has termed the newly launched Diamond Trust Bank (DTB) branch in Bondo as a significant milestone, not just for the bank, but for the residents. Speaking during the commissioning of the bank recently, Orengo asserted that Bondo, just like many other fast urban growing areas across the Nyanza…

Machakos coffee farming revival on course, Cooperatives Chief Officer says

Sacco ReviewSeptember 10, 202404 mins

Machakos County Chief Officer for Cooperatives Anthony Mutunga has affirmed that the revival of coffee farming in the county is well underway. Speaking on the county’s ambitious plans to boost the once-thriving coffee sector recently, Mutunga emphasized the importance of integrity in cooperative leadership as a key driver for success. “There’s a need for integrity…

Lake Region Economic Bloc to partner with Indian Railways Corporation to boost tourism

Sacco ReviewSeptember 10, 202405 mins

The Lake Region Economic Bloc (LREB) Chief Executive Officer (CEO) Victor Nyagaya has revealed that they are looking to partner with the Indian Railways Catering and Tourism Corporation to promote the region as a prime tourism destination. Speaking in Kisumu recently, Nyagaya said that the collaboration would position Kisumu County as the first port of call…