Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The International Day of Cooperatives Day is always a special occasion to celebrate the remarkable impact of cooperative enterprise and pay tribute to those that have changed countless lives and created shared prosperity in communities. And with Kenya boasting the largest movement in Africa, the eventful day, which Savings and Credit Co-operative Societies (Saccos) look…
Sacco Societies Regulatory Authority (SASRA), the country’s Sacco regulator, has revised its corporate governance guidelines to include non-withdrawable deposit-taking (NWDT) Saccos, which are now fully under its supervision. The new guidelines, a review of the 2015 document, were made public by SASRA on July 3, 2023. It has expanded its scope to include the corporate…
The Cooperative movement is part of the major sectors the government expects to help it achieve its Medium Term Expenditure Framework (MTEF) objectives for the period 2023/24 – 2025/26. MTEF normally sets out three-year spending plans of the government and its aim is to ensure that budgets reflect the government’s social and economic priorities and…
The Cooperative Alliance of Kenya (CAK) has started a project to train Trainer of Trainers (ToTs) to support rural women and youth in the dairy sub-sector and empower them to become champions of animal nutrition and breeding programmes. Dubbed ‘Strengthening Agricultural Knowledge and Innovation Ecosystem for Inclusive Rural Transformation and Livelihoods in Eastern Africa’, (AIRTEA),…
Ministry of Agriculture and Livestock Development Cabinet Secretary (CS) Mithika Linturi has urged farmers across the country to register with the Ministry in order to benefit from the government’s subsidy on fertilizers. Speaking at Luuma Primary School in Tigania East when he helped raise funds for the construction of a multi-purpose hall, the CS said…
Stima Sacco has launched a new branch in Kisii town. Speaking during the launch, Sacco CEO Dr Gamaliel Hassan revealed that the friendly Sacco aims to grow and positively impact the lives of its clients. He added that Kisii is the third branch to be opened by his financial organization this year after Meru and…
Ekeza Sacco founder David Kariuki Ngari, commonly known as Gakuyo, has revealed that the Sacco is willing to repay members who still claim their savings from the Sacco through land. Gakuyo revealed that the Sacco’s coffers have run dry due to the current harsh economic environment and that there’s no money to repay the 2,000…
1,200 members of Karachuonyo Lolwe Rume Cooperative Society in Homa Bay County have lauded the Kenya Breweries Limited (KBL) Company over its intended plans to raise the payment rates for sorghum farmers in the area. The cooperative’s chairman Elisaphan Ager said the move will go a long way in boosting the morale of sorghum farmers…
Nandi county governor Stephen Sang has expressed concern over the lack of adequate auditors in the region to increase efficiency of inspections in co-operatives. Speaking during the Ushirika day celebrations held at Kapsabet A.I.C Bible college grounds in Nandi county, the governor argued that lack of adequate auditors in the region is one of the…
A total of Ksh428.4 million will be injected into the country’s coffee cooperatives towards strengthening governance and capacity in the next four years as part of the National Coffee Revitalization Project (NCRP). The entire project, however, will approximately cost the government a total of Ksh21.3 billion for the four year period earmarked for the revival…
