Co-op News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Co-operative Bill deferred after governors complain of being sidelined

Sacco ReviewFebruary 28, 2024February 28, 202407 mins

The Co-operative Bill, 2023 has now been put on hold after county governors claimed that they were not consulted during the drafting. Sponsored by the government through the Ministry of Co-operatives and Micro, Small and Medium-sized Enterprises (MSMEs) Development, the Bill was in Parliament to allow for its first reading before proceeding to other stages…

Cooperatives asked to adopt technology, strategic innovations for excellence

Sacco ReviewFebruary 28, 2024February 28, 202405 mins

Savings and Credit Co-operatives Societies (Saccos) have been called upon by the Government to embrace innovation and devise strategies that will propel cooperatives towards continued excellence. Speaking during the Kenya National Police DT SACCO 51st Annual Delegates Meeting held in Serena hotel in Nairobi this February, Simon Chelugui Cabinet Secretary for Cooperatives, Micro, Small and…

Embrace technology to increase visibility, Chelugui advises Saccos

Sacco ReviewFebruary 27, 2024February 28, 202405 mins

Savings and Credit Cooperative Societies (Saccos) across the country have been challenged to embrace innovation and technology. The Cabinet Secretary for Cooperatives and Macro Small and Medium Development Simon Chelugui noted that doing so will help Saccos to increase their accessibility and visibility. He was addressing the 9th Annual Sacco Leaders Convention Meeting in Mombasa…

One-year-old Sacco becomes youngest to hold AGM this year

Sacco ReviewFebruary 27, 2024February 28, 202409 mins

The Market Day Traders Savings and Cooperative Society has become the youngest to hold an Annual General Meeting (AGM) this year. The fast growing Sacco which is barely one-year-old has surprised players in the cooperative industry due to its fast paced growth in the fast changing trends within the sub sector. According to the Chairman…

Hazina Sacco members told to focus on affordable loans

Sacco ReviewFebruary 26, 2024February 26, 202402 mins

Commissioner for Co-operative Development David Obonyo has challenged Savings and Credit Cooperative Organizations (Saccos) members to focus on getting affordable loans from their Saccos rather than high dividends. Speaking during the recently concluded Hazina DT Sacco Annual Delegates Meetings (ADMs) in Nairobi, he asked members to have long term investments through the Saccos, since co-operative…

KenGen invests hundreds of millions in CSR activities in Nyakach

Sacco ReviewFebruary 23, 202404 mins

KenGen, Kenya’s major electricity generating company, has spent Ksh994 million on community empowerment programmes in Nyakach Constituency, a huge amount going to the education sector. The sector consumed the lion’s share at Ksh300 million, with much of the cash going into funding bright and needy students in the area. More than Ksh197 million was spent…

Eight dormant cooperatives in Taita Taveta set for revival

Sacco ReviewFebruary 3, 2024February 3, 202402 mins

Eight out of 141 dormant cooperative societies in Taita Taveta county are set for revival, with four of them already revived. They are Taita HPC, Taita Taveta Meat Goat, Taita Taveta Mgama and Maziwa Taita Dairy. Speaking to Sacco Review in Wundanyi town recently, the county Cooperative Director Erastus Gonzi noted that the county has 242…

Muka Mukuu Cooperative members urged not to sell their shares

Sacco ReviewJanuary 17, 2024January 17, 202403 mins

Muka Mukuu Farmers’ Cooperative Society members have been urged not to sell their shares as the Society’s fortunes have improved and are recovering steadily. Speaking while addressing them during their Annual General Meeting (AGM) at the Society’s grounds along Tala-Thika road, Chairman Dominic Nthwao said that they had revived stalled projects and there were others…

Change of guard as KUSCCO gets new Chairman, Managing Director

Sacco ReviewJanuary 16, 2024January 16, 202404 mins

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has made changes to its top leadership after the departure of National Chairman George Magutu and the Group Managing Director George Ototo. In a circular addressed to all Savings and Credit Co-operatives (SACCOs) dated January 15, 2024; David Langat from Imarisha Sacco in Rift Valley region…

Kenya National Police DT SACCO Bungoma branch elects new officials

Sacco ReviewJanuary 16, 2024January 16, 202403 mins

The Kenya National Police DT SACCO Bungoma zone finally has new officials after the branch held elections recently after several postponements. In the elections held at Bungoma Police Station with 383 members, Antony Kering garnered 103 votes, closely followed by Zebedee Otee with 102 votes while Victor Kiprotich got 76 votes and Mary Odhiambo garnered…