Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
A glance at the financial statements for the year ended 31st December 2024 for most deposit-taking SACCOs that have already published their accounts shows that many of these societies have maintained the rate of dividend and interest on members deposits or rebate payments to their members. These returns have been attributed largely to a harsh…
The Kenya Society of Professional Co-operators (KSPC) has urged the Commissioner of Co-operative Development (CCD) to develop a policy guide that will enable co-ops to function in a way that will help open the common bond to the general public. The professional body has argued that though the opening of a common bond in the…
After a happy 40 years in the cooperative movement, where he rose through the ranks to become one of the renowned leaders, CPA Frederick Masoso Abuyabo, the immediate former Chief Executive Officer (CEO) of Ufanisi Deposit Taking Sacco, hang up his boots. His handwork and determination have seen him climb the career ladder from a…
Cabinet Secretary Wycliffe Ambetsa Oparanya has said that transforming the Micro, Small, and Medium Enterprises (MSMEs) sector is a top priority for the government. The CS, who was speaking during the official launch of the Kenya Public-Private Sector MSME Dialogue, MSME Connect, stated that the sector makes a significant contribution to the economy. He noted…
The sterling performance of the Saccos in Bondo has been attributed to prudent management, proper capacity building, and adherence to best practices. The various Saccos have been placed under an umbrella management entity called Goldian Credit Limited, where experts offer real-time solutions to the Saccos (small businesses), guiding them and taking them through best business…
Cooperative societies in Molo Sub-County have been urged to strictly adhere to rules and regulation governing the Cooperative Movement in order to provide better services to members. Molo Sub-County Director of Cooperative Harron Muraya said its is only through adhering to rule and regulations governing Cooperative movement that members can yield the fruits of their…
Machakos County Finance Executive Member, Onesmus Kuyu, has refuted claims that Matatu Sacco members have been collecting revenue for onward transmission to the County treasury in violation of regulations. The claims were made by Mua Ward MCA, Mr. Francis Ngunga, while contributing to a motion on the floor of the County Assembly on Tuesday. Mr….
Savings and Credit Cooperative Societies (SACCOs) have, in the recent past, stepped up their digital marketing campaigns, running attractive TV advertisements, updating their websites to make them more interactive, and going big on X, Facebook, and other social media platforms. SACCOs are also investing huge sums of cash to spruce up their online presence. This…
A Foundation seeking to train the youth and Small and Medium Enterprises (SMEs) on entrepreneurship and financial literacy has been unveiled. Munyiri Africa Foundation (MAF) has embarked on a programme aimed at mentoring and imparting relevant knowledge and skills to the youth which will help hone their business skills and start and sustain their business…
In a major boost to financial inclusion and agricultural transformation, the County Government of Busia has disbursed a Ksh. 24.5 million cooperative inclusion grant to 35 Savings and Credit Cooperative Organizations (SACCOs). The grant aims to enhance production and value addition, empowering farmers and agripreneurs across the county. As part of this initiative, the government…
