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SASRA releases list of top Saccos, Mwalimu Sacco maintains top position in Kenya, Africa

Sacco ReviewSeptember 11, 2024September 11, 202405 mins

Mwalimu National SACCO has maintained its top position as the largest SACCO in Kenya and Africa with an asset base of over Ksh.66.43 billion this is according to Sacco Societies Regulatory Authority (SASRA) 2023 Annual SACCO Supervision Report. The report released on Wednesday indicated that Stima DT Sacco commands ksh 59. 15 billion taking second…

Oparanya disbands Barichu Farmers Cooperative’s management

Sacco ReviewSeptember 11, 202403 mins

Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Wycliffe Oparanya, has disbanded the management of Barichu Farmers’ Cooperative Society Limited in Mathira Constituency, Nyeri County. During a visit to the society in Karatina town yesterday where he met with thousands of farmers, Oparanya ordered the immediate removal of the management to allow for…

SACCO members up from 6.42 m in 2022 to 6.84 m 2023, SASRA 2023 Supervision Report indicates

Sacco ReviewSeptember 11, 2024September 11, 202406 mins

Sacco Societies Regulatory Authority (SASRA) has released 2023 Annual SACCO Supervision Report, the report documents the performance, activities, and operations of SACCO Societies in Kenya. The Cabinet Secretary Ministry of Cooperatives, Micro Small & Medium Enterprises (MSMEs) Wycliffe Oparanya who was the chief guest during release of the report on Wednesday said the SACCO industry…

Orengo backs launch of DTB bank Bondo branch

Sacco ReviewSeptember 11, 2024September 11, 202404 mins

The Governor of Siaya County James Orengo has termed the newly launched Diamond Trust Bank (DTB) branch in Bondo as a significant milestone, not just for the bank, but for the residents. Speaking during the commissioning of the bank recently, Orengo asserted that Bondo, just like many other fast urban growing areas across the Nyanza…

Machakos coffee farming revival on course, Cooperatives Chief Officer says

Sacco ReviewSeptember 10, 202404 mins

Machakos County Chief Officer for Cooperatives Anthony Mutunga has affirmed that the revival of coffee farming in the county is well underway. Speaking on the county’s ambitious plans to boost the once-thriving coffee sector recently, Mutunga emphasized the importance of integrity in cooperative leadership as a key driver for success. “There’s a need for integrity…

Lake Region Economic Bloc to partner with Indian Railways Corporation to boost tourism

Sacco ReviewSeptember 10, 202405 mins

The Lake Region Economic Bloc (LREB) Chief Executive Officer (CEO) Victor Nyagaya has revealed that they are looking to partner with the Indian Railways Catering and Tourism Corporation to promote the region as a prime tourism destination. Speaking in Kisumu recently, Nyagaya said that the collaboration would position Kisumu County as the first port of call…

CS Oparanya promises more support to Cooperative University

Sacco ReviewSeptember 10, 202403 mins

The Ministry of Cooperatives and MSMEs Development Cabinet Secretary (CS) Wycliffe Oparanya has said the government will allocate more resources to support to the Co-operative University of Kenya (CUK) in executing its role in the growth of co-operative movement in Kenya. Oparanya who met the University’s top management led by Vice Chancellor, Prof. Kamau Ngamau…

Oparanya urges Uwezo Fund beneficiaries to form Saccos

Sacco ReviewSeptember 9, 2024September 10, 202405 mins

Cooperatives and SMEs Cabinet Secretary (CS) Wycliffe Oparanya has emphasized the importance of forming cooperatives among beneficiaries of the Uwezo Fund. He highlighted that by coming together; individuals can create a larger pool of resources, enabling them to get more substantial funding for their business ventures. Oparanya stated, “When you join cooperatives, you have an…

Coast Region cooperatives urged to register in numbers for 24th SACCA

Sacco ReviewSeptember 9, 202403 mins

Co-operatives Development Senior Commissioner, Churchill Amatha has urged Coast Region Saccos stakeholders to register in numbers for the upcoming 24th Savings and Credit Cooperatives Associations (SACCA) Congress on October 6-12, 2024 in Naivasha, Nakuru County. Speaking during Mombasa International Show, Amatha said the event aims to unite the sector to explore opportunities, address challenges, and…

Over 10 CBOs receive donations from county govt to boost income

Sacco ReviewSeptember 5, 2024September 5, 202404 mins

Over ten Community Based Organizations and hundreds of individuals across Machakos County have received direct capital injection courtesy of the county government in form of car wash machines, seats and tents for hire, parasols and climate smart cooking jikos among other items. The items were issued by Finance and Economic Planning County Executive Committee Member…