Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The successful growth of most Saccos in Kericho and Bomet counties can be traced back to serious commitment by a few ambitious elders. Most of the prominent businessmen today in Kericho County started in a trade known as “Kipsigirio”, which is the use of donkeys to transport commodities. Others were pioneer teachers, while some were the…
Rose Wambua, a former banker at Cooperative Bank of Kenya, has urged upon the government to partner with the private sector to create jobs and fight poverty. Addressing women groups at Kawethei village in Kangundo constituency, Wambua said the private sector plays an important role in the growth of the economy and that job creation…
Wakenya Pamoja Sacco has taken a new growth trajectory with the launch of Wakenya MCash, which is part of its elaborate plans to rebrand as a way of fostering service delivery and improving business performance. The new product will allow members to transact remotely without having to travel to their branches, bringing convenience and comfort…
One basic characteristic that distinguishes companies from cooperatives is that companies are associations of capital while cooperatives are associations of persons. Additionally, while companies strive to maximize profits for their shareholders, the same cannot be said of primary cooperatives that are voluntary self-help organizations that aim to solve members’ socio-economic and cultural needs. At the…
Sacco Societies Regulatory Authority (SASRA) CEO Peter Njuguna has stressed on the need for Saccos to collaborate to achieve greatness. “We have realized that Saccos actually collaborate significantly with various service providers because Saccos alone cannot provide the services. Courtesy of the collaborations we have had so far, you will note that we have grown…
I have been busy with my business associate Ole Gunia, with whom, I am sure by now, you know we have a honey processing startup in Mavumbi town.Already, Asali Asili Enterprises has been showing prospects of lifting us from the economic doldrums that stuck since the Covid 19 pandemic struck.For your information, we have acquired…
The urge to splurge out cash on secondary needs is slowly driving the youth away from saving. Savings are considered critical funding sources, which enable governments, institutions and individuals undertake investment projects. Harrison Song’e, Airports Sacco CEO, regrets that the younger generation is mostly driven by spending more than savings. This, he adds, has majorly…
The Co-operative movement in the country’s Western region can only register development if county governments put proper measures in place to support Saccos in their jurisdictions, seasoned co-operative expert Owuor Awuor has said. Owuor, who is a long time regional leader of the giant Ushuru Sacco, observed that most co-operative societies in the region are…
The liberalization of the coffee sub-sector in the country continues posing a serious sustainability threat to the primary coffee co-operative societies across the country, following smallholder farmers hawking their coffee beans to middle-men and dealers instead of delivering the same to their primary co-operative societies. What started as a bubble in the cup of coffee turned out to be…
The move by some Saccos to bar non-core members from elective positions has come under sharp criticism even as the Government seeks to enhance good governance in the entities. Most Saccos rebranded and opened the common bond to allow members from outside their traditional catchment areas to join the Saccos but didn’t change the bylaws…
