Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Nandi Governor Stephen Sang has revealed that his administration has initiated the digitalization of the dairy sector in preparation for the launch of the Nandi Cooperative Creameries (KCC). Speaking moments after a consultative meeting with the Kenya National Chamber of Commerce and Industry and other stakeholders, the governor stated that the move is aimed at…
Homa Bay Women Caucus Sacco has received a boost of Ksh30 million from Pepea Capital. The Sacco’s chairlady Jane Akinyi said the money will be directly deposited into the Sacco’s account and will support members in the production of soya beans, sorghum and sunflower flowers. She noted that the month old Sacco is engaged in…
Nakuru County Chief Officer of Cooperatives Kibet Kurgat has revealed that the county government has plans to provide low interest loans to registered cooperatives and Saccos through a revolving fund. Speaking during a meeting with stakeholders in the dairy sector, Kurgat revealed that all the necessary plans to launch the loan product at the beginning…
Sacco Societies Regulatory Authority (SASRA) Chairperson Jack Ranguma has urged businesswomen in Kisumu County to form Saccos at the grassroot level. Addressing over 500 women groups in Kisumu, Ranguma stressed that through Saccos, women will gain economic empowerment. “Saccos will enable you to access loans and other benefits. You can also market your products locally…
Garissa County Director of Cooperatives Samuel Karanja has urged Saccos to rebrand and recruit more members to increase their savings and loan base. Speaking to Sacco Review in his Garissa office, Karanja noted that rebranding would enable the recruitment of members beyond Saccos’ geographical territories. The director urged Saccos to strive to get their members…
Laikipia Governor Joshua Irungu has lauded the role of cooperatives in uplifting residents’ lives and as a key driver of economic growth in the county. He noted that the county boasts of 210 registered cooperatives with a membership of over 98,000 and a total asset base of Ksh7.4 billion. “Cooperative societies, as a mass movement…
The government will use small-scale miners’ cooperatives to supply construction materials for affordable housing projects across the country. Mining Principal Secretary (PS) Elijah Mwangi said that his department has signed a Memorandum of Understanding with the Housing Department for the miners to provide over 60 percent of the materials required for the projects. Speaking in…
The Principal Secretary (PS) for State Department of Cooperatives, Patrick Kilemi, has reiterated the government’s pledge to support the cooperative sector by implementing dynamic policies and regulatory frameworks. Kilemi made the remarks on November 15 in Mombasa during a workshop which brought together cooperative sector shareholders from across the country to brainstorm on how to…
Stima DT Sacco has reviewed the repayment periods of its loan products, allowing borrowers more time to adjust to the country’s economic situation without defaulting. “We are delighted to announce that Stima DT Sacco has reviewed its credit products. These changes will see an extension on the repayment terms of our credit facilities. We urge…
The Cooperative Bank of Kenya has been ranked the best for demonstrating sustained commitment to driving a positive impact on the environment through sustainable lending practices. The bank, for the fourth time in six years, has scooped the Top 2023 Overall Sustainable Finance Catalyst Award, confirming its commitment to financial sustainability. The results were released…
