Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Cabinet Secretary Nominee Mutahi Kagwe (Agriculture and Livestock Development) has proposed a consultative approach in the livestock vaccination program. The former Health CS said the decision to vaccinate livestock ultimately lies with the owner. Experts will be involved to address misconceptions and provide facts. Speaking during the vetting exercise by the Committee on Appointments, Kagwe…
The German Kenyan Cooperative Development (GKCD) will collaborate and partner with the Kenyan government to advance the cooperative movement in the country. Speaking after hosting GKCD CEO Madeleine Mueller in Nairobi, Patrick Kilemi, Principal Secretary of the State Department for Cooperatives, said extensive consultation, knowledge sharing, and experience on matters relating to governance in the…
The State Department for Trade Principal Secretary (PS), Alfred K’ombudo, has urged traders in the Lake region to take advantage of the European Union’s Economic Partnership Agreement (EU EPA) to access the expansive $16 trillion market. The EPA, which was signed on 18th December 2023, he said, presents a golden opportunity for farmers, traders, and…
Fifty women from Mombasa and Kwale counties have successfully completed a three-month training program in Financial Literacy and Business Management. The training, part of the Empower Her initiative, was sponsored by Base Titanium in partnership with the Taji Langu Foundation. The program aimed to empower small-scale women entrepreneurs by providing them with essential business skills…
Kisumu County’s boda boda sector has received a major boost as Afresa Sacco has stepped in to support them with their financial needs. Members will now be able to save and borrow with low interest rates. Afresa Sacco, which has been in operation for more than two years, as stated by the chairperson of the…
Some women’s groups from across Kitui County have benefitted from water tanks, catering equipment, motorcycles, tents, and chairs worth millions of shillings, donated by the Kitui County Women’s Representative, Dr. Irene Muthoni Kasalu. The donation ceremony took place recently at Kauwi Primary School in Kitui West District within Kitui County. The Makueni County Women’s Representative,…
Financial communication, which refers to the process of disseminating financial information to stakeholders such as investors, analysts, and the general public, is increasingly becoming an important aspect in the corporate world. It encompasses a wide range of activities, including the preparation and release of financial statements, investor relations, and financial reporting. It is important to…
The Ministry of Cooperatives and Micro, Small, and Medium Enterprises (MSME) Development has cautioned SACCOs against paying unrealistic bonuses, dividends, and interest, as such cash outflows could cause liquidity challenges if not properly managed. Through a circular sent to SACCOs by the State Department of Cooperatives, the Office of Commissioner David Obonyo stated that the…
The primary purpose of a Sacco is to serve the community in which it operates. This is based on the understanding that co-operatives are not-for-profit enterprises, as the majority of the profit goes toward fulfilling the social, economic, and cultural needs of the community in which they operate. It is obvious that when a co-operative…
The County Government of Nakuru has rolled out a program to digitize the business models of Savings and Credit Cooperative Organizations (SACCOs) to make their operations more efficient and transparent. County Cooperatives Chief Officer Kibet Kurgat said the County had initiated a training program for Sacco officials on the digitization of their operations, aimed at…
