Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Caritas Microfinance Bank has opened a new branch in Nakuru City in a colorful ceremony attended by Nakuru Deputy Governor David Kones and Nakuru Catholic Diocese Bishop Cleophas Oseso of Nakuru Catholic Diocese. The deputy governor said the County government of Nakuru will continue to create a conducive environment to attract more investors especially financial…
By Roy Hezron Co-operative professionals and practitioners, through the Kenya Society of Professional Cooperators (KSPC), have asked the Co-operative University of Kenya (CUK) to re-introduce the traditional cooperative courses it used to offer before it was upgraded to a full-fledged public university. The professionals and practitioners noted that traditional cooperative courses, such as Certificate…
The Cooperative movement is part of the major sectors the government expects to help it achieve its Medium Term Expenditure Framework (MTEF) objectives for the period 2023/24 – 2025/26. MTEF normally sets out three-year spending plans of the government and its aim is to ensure that budgets reflect the government’s social and economic priorities and…
By Stephen Muthini Farmers in Machakos County have received financial boost to increase productivity after the County government issued cheques worth over Sh138 million to various Cooperative Societies and Community Based Organizations. The cheques were issued by governor Wavinya Ndeti at Machakos People’s Park where farmers’ groups also showcased their products. The event billed as…
By Fredrick Odiero SASRA Chairman Jack Ranguma has expressed concern over the low asset base levels of Saccos from Nyanza region. Ranguma said Saccos in the country have a total asset base of Ksh 886 billion yet Nyanza region controls a paltry Ksh3.6 billion (0.2%) of the total amount. Speaking during Keystone Sacco’s Annual…
By Sacco Review reporter Over 70,000 farmers have benefited from loans worth Ksh 1 billion since the inception of the Agricultural Finance Corporation’s (AFC) cheap credit scheme in 2018 that targets to benefit women on agri-finance in Kenya. The money was accessed through Saccos, microfinance institutions and Micro, Small and Medium Enterprises (MSMEs) with AFC…
By Roy Hezron Co-operative professionals and practitioners through their body the Kenya Society of Professional Cooperators (KSPC) have called upon the government through the State Department for Co-operatives to address the matter of timely data and information in cooperatives. The practitioners have further recommended for the establishment of an information and document portal with links…
KUSCCO Group Managing Director George Ototo has revealed that most county governments have failed to remit recoveries from payrolls to Saccos to enable them operate efficiently. Speaking during the 8th Annual Sacco Leaders Convention in Mombasa, Ototo said the non-remittances amounted to Ksh1.4 billion whereas amounts from other entities like government owned enterprises was Ksh2.8…
By Pascal Mwandambo One of the privileges of being a journalist is having the opportunity to meet and interview people from all walks of life. It’s an experience that enables you to walk in people’s shoes and feel what challenges they encounter in their day to day lives. Last time I told you about the…
By Cally Imbayi Cabinet Secretary for Agriculture and Livestock Development Mithika Linturi has reiterated the government’s commitment to support agricultural training and promote the growth of agriculture in the country. Speaking during Bukura Agricultural College’s 26th graduation ceremony held, the CS said the government will continue to provide an enabling environment for agriculture to thrive and work closely with…
