Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The co-operative movement in Kenya is playing a vital role in the realization of the government’s Bottom-Up Economic Transformation Agenda. This is according to Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary (CS) Simon Chelugui, who praised the sector’s role in economic growth, alleviating poverty and advocating for social inclusion. Speaking in…
The concept of Savings and Credit Cooperative Societies (SACCOs), which have today become an essential part of Kenya’s financial landscape in promoting financial inclusion and empowering communities by providing access to affordable financial services, has a rich history traced to the colonial era. SACCOs started with the formation of agricultural cooperatives aimed at providing financial…
Afya Sacco has pledged to launch improved ICT systems to enhance service delivery to its members by the end of the year. Speaking during the Sacco’s Member Education Week in Western region, National Chairperson M/s Beatrice Mogire revealed that the Board of Directors has procured the services of an international top-notch vendor to oversee the…
The ICT and Digital Economy Cabinet Secretary (CS) Eliud Owalo has lauded Nomiya Church for launching its own Sacco, saying that it will help its members to invest. Speaking during the Nomiya Church Youth Convention in Kisumu, Owalo praised the Church for already raising Ksh350,000 and promised to contribute Ksh 1 million to boost them….
Qwetu Sacco has launched Bakisha Savings Account, a product aimed at increasing savings by encouraging members from across all sectors to embrace a saving culture. The Account enables members and non-members to open an account where they can save from as low as Ksh5. Speaking on Saturday during the 2023 Special Delegates Meeting (SDM) at…
Eco-Pillar Sacco has launched a major recruitment campaign to admit more members, especially teachers, in West Pokot sub-county and its environs. Led by Lodwar branch Head of Marketing Naomi Loribo, the Sacco marketing team hit the road beginning with Tampalal Primary School where they engaged with teachers while sensitizing them on the importance of saving…
Uasin Gishu Chief Officer for Cooperatives and Enterprise Development Ruth Samoei has urged cooperative societies to allow young people in their management. Speaking during a visit to the Kipsonoi Dairy Cooperative Society in Bomet County, Samoei noted that most cooperatives are run by old folks and that there is a need for a paradigm shift…
The Kericho County Governor has urged Saccos in the area to put in place tough anti-corruption measures to safeguard members’ savings. Dr, Erick Mutai said that the stability of any Sacco is dependent on the security guarantees it accords to members’ savings. He made the remarks when he presided over the launch of the new…
Lamu County Cooperative Director Paul Thauri has revealed that the county has registered four new Cooperative societies in the last six months. Speaking to Sacco Review from Lamu town recently, the director urged women and youth in the county to cooperate and form Saccos to uplift their living standards. He also advised residents to join…
Kenya Electricity Generation Company (KenGen) Chairman Julius Ogamba has revealed that the upgrade of the company’s Gogo power plant in Migori County aligns perfectly with Kenya’s commitment to clean energy and contributes significantly to the national goals outlined in the global climate action agenda. Addressing board members after a tour of the company’s facility in…
