Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Taita-Taveta Deputy Governor Christine Kilalo has urged cooperative societies to embrace innovation to widen their markets to net potential members at the grassroot level. Speaking during the commemoration of the 101 International Cooperatives day themed “Cooperatives for Sustainable Developments”, the deputy governor pledged to offer a prize of Ksh1 million to the cooperative society that…
Kericho county Governor Dr. Erick Mutai has underscored the critical role played by the co-operative movement in the economic growth of the region. Speaking during this year’s Ushirika Day celebrations held at Kericho Primary School, the governor said the investments and contributions of local cooperative societies have the greatest impact in poverty eradication at the…
The County Government of Kisumu has rolled out an ambitious programme aimed at revamping the ailing cooperative sector in the region. Speaking during the International Cooperatives Day held at the Young Men’s Christian Association Grounds, County Executive Committee Member in charge of Trade, Industry and Cooperatives Farida Salim said her department intends to meet all…
Busia County Executive Committee Member in charge of Trade, Industries, Investment and Cooperatives Omuse Olakachuna has revealed that the county government will enact laws that will strengthen cooperative societies in the region. Speaking at Busia Agricultural Training Centre in Busia town during the 101st Ushirika Day celebrations, Omuse disclosed that some of the issues they…
A Sacco is a member-owned financial cooperative society whose purpose is to pool savings from members and use the funds to provide them with affordable credits. The process of acquiring loans has been simplified and digitized in many Saccos through mobile banking, a process that has made the loans easily accessible to members. Saccos offer…
Garissa county Cooperative Chief Samuel Karanja has lamented over the fact that none of the 79 Saccos in the county is headed by a woman. He blamed male chauvinism in the region, adding that the residents don’t vouch for women leadership despite ladies having proven to be eloquent in leadership in many other areas. Karanja…
Sacco leaders are expressing mixed reactions to the regulator’s call for mergers as deposits get skewed towards large entities. While leaders of various Saccos support the proposal by the Sacco Societies Regulatory Authority (SASRA) that Saccos should consider merging to avoid collapsing, they are calling for caution.Traditionally, Saccos have opted for organic growth, with mergers…
Saccos are increasingly turning their focus on motorcycle riders and women groups for new membership and uptake of products. Motorcycle riders, popularly known as boda bodas, are in particular seen as the fastest growing income group and many Saccos are coming up with targeted products for them. The focus on boda bodas and women groups…
As cooperators troop to various venues across the country to celebrate the International Day for Cooperatives, commonly known as Ushirika Day locally, it’s important to look at what the day means for players in this industry. Ushirika day 2023 has a unique theme of Cooperatives: Partners For Accelerated Sustainable Development. The theme attempts to reflect…
More than 1,800 youth in Meru and Tharaka Nithi counties have received startup capital and kits worth Ksh60 million in a business incubation programme by Zoe Empowers that targets orphaned and vulnerable youths. Zoe Empowers is a non-governmental organisation that supports child headed families and orphans through business and vocational skills training. Speaking while issuing…
