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

All set for Ushirika Day scheduled for July 6

Sacco ReviewJune 24, 2024June 24, 202403 mins

This year’s Ushirika Day, also known as International Co-operatives Day will be celebrated on July 6 at Kenyatta International Convention Centre (KICC) grounds. The theme of this year’s celebrations is “Cooperatives Building a Better Future for All”. This year will be the 102 Ushirika Day. International Co-operatives Day is celebrated annually on the first Saturday…

Survey reveals more trust for cooperatives than for investor-owned corporations

Sacco ReviewJune 21, 202406 mins

A recent research study on cooperatives in Kenya now shows that cooperatives are a preferred store of wealth for members and that many people are leaning on Saccos and cooperatives for small loans. Fifty four percent of cooperative members relied heavily on their cooperative ownership as a store of wealth. The cooperative as a store…

Enkanasa Cow procures milk coolers for milk cooperatives in Narok County

Sacco ReviewJune 21, 202402 mins

Enkanasa Cow has procured two milk coolers designated for MAACOM milk cooperatives centres located both at Ilmeshuki Lekule and Sikawa in Kilgoris constituency. Narok County Senator Ledama ole Kina said the coolers are privately funded by Enkanasa Cow and its associates for the economic development of the Maasai Women. The senator said other cooling plants…

Family Bank chairman dies three weeks after being appointed

Sacco ReviewJune 21, 202405 mins

Family Bank’s newly appointed board chair, Architect Francis Gitau Mungai, passed away three weeks after taking over from the retiring Wilfred Kiboro. The Family Bank board of directors and management issued a statement regarding Gitau, who passed away while undergoing treatment in the United States. “Family Bank Board of Directors and Management regrets to announce…

Government allocates KSh1 billion for construction of tea branding centres

Sacco ReviewJune 21, 202405 mins

The government will allocate KSh1 billion to the construction of two value addition and branding centres for Kenyan tea, President Williams Ruto has said. Speaking when he launched Chai Gold, the flagship tea brand of the Kenya Tea Development Agency (KTDA) for the international market at Ketepa Grounds in Kericho County on Wednesday, June 19,…

PS Kilemi urges Sacco leaders to uphold good governance for growth sector

Sacco ReviewJune 21, 2024June 21, 202403 mins

Principal Secretary State Department for Cooperatives Patrick Kilemi has asked Sacco leaders to uphold good governance practices. The PS speaking recently during closing ceremony of The Annual Sacco Sub sector Regulatory Policy and Legal Roundtable, 2024 in Naivasha organised by The Sacco Societies Regulatory Authority (SASRA), he said the Sacco leaders should take their responsibilities…

Coffee reforms bear fruits as farmers request to be paid in dollars

Sacco ReviewJune 20, 202408 mins

In the past year, coffee reforms have led to the auction of 496,440 bags of coffee through the Nairobi Coffee Exchange (NCE) earning the country more than KSh17 billion. The reforms steered by NCE and Capital Markets Authority (CMA) have been ranked the best as the system has been transparent to benefit the farmers in…

Agricultural Food Authority lauds MPs for amending Financial Bill

Sacco ReviewJune 19, 202404 mins

The Agriculture and Food Authority (AFA) has lauded members of the National Assembly for listening to the cries of Kenyans before adjusting the Finance Bill 2024. AFA board member Samuel Ongow singled out the proposed taxes on sugar transportation, which he noted, was going to be a burden to cane farmers across the country. Speaking…

Housing Cooperative files appeal over Talanta Hela Stadium

Sacco ReviewJune 19, 202405 mins

A housing cooperative has lodged a legal challenge against the government’s acquisition of a 60-acre land parcel, valued at KSh15 billion, designated for the construction of the contemporary Talanta Hela Stadium sports complex. The Postel Housing Cooperative Society contends that the land was obtained without adhering to the legal requirements for compulsory acquisition. In the…

Reprieve for farmers, small traders as proposal to file eTims invoices is dropped

Sacco ReviewJune 19, 202404 mins

Kenya Kwanza MPs have succumbed to public pressure from Kenyans and dropped punitive taxes imposed on proposed Finance Bill 2024. Kenya Kwanza Parliamentary Group (PG) attended a meeting chaired by President William Ruto and his deputy Rigathi Gachagua were it was agreed National Assembly’s Finance Committee to drop some of the proposals. They proposed the…