Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Cooperatives Bill, which is about to become law has put errant employers sitting on huge sums of cash in the form of remittance deductions meant for SACCOs, now estimated at Ksh 3.5 billion at unease state. The Cooperative Bill 2024, published as the National Assembly Bill No. 7 of 2024 on 9th February 2024, has…
Thirty-five savings and credit cooperatives (SACCOs) are staring at possible sanctions after failing to register with the Financial Reporting Centre (FRC) as required under new anti-money laundering regulations. This was revealed by SASRA adding that the stated saccos had not fully registered as reporting institutions mainly on the grounds that they had submitted incomplete applications,…
The government is planning to review the SACCO Societies Act and the regulations to explore ways of coming up with a shared technological services platform for all small cooperatives entities. This was announced by the Cooperatives and MSME Cabinet Secretary, Wycliffe Oparanya announced that a committee of experts has been set to review related acts…
Kenya Union of Savings and Credit Cooperatives, (KUSCCO) has announces various strategic measures to support its financial stability, strengthen cash flow and improve operational efficiency. According to the circular dated September 22, signed by the Group Managing Director Arnold Munene, and directed to all KUSCCO member SACCOs chairpersons, the union outlined various strategies which include:…
The Ministry of Agriculture and Livestock Development has appointed Njoroge Wachira as the Acting Chief Executive Officer of the Pyrethrum Processing Company of Kenya (PPCK), marking a key leadership transition aimed at revitalizing the country’s once-thriving pyrethrum sector. The announcement was made during a Board meeting presided over by Principal Secretary for Agriculture, Dr. Kipronoh…
The Kwale County Government has stepped up its efforts to strengthen the blue economy by distributing modern fish processing and storage equipment to small-scale fish farmers in a bid to increase marine food production and improve household incomes. The distributed equipment includes freezers, chillers, cooler boxes, energy-saving cooking jikos, frying pans, display boxes, solar-powered systems,…
Scholars have urged the government and farmers to embrace Artificial Intelligence (AI) and other advanced technology in agriculture in a bid to bridge the food shortage gap in the country. Led by Prof. Deogratius Jaganyi, scholars aver that incorporating technology in every aspect of our lives, more so agriculture, is the surest way of addressing…
Corporate entities and institutions across the country have been urged to invest in cyber security to cushion them against rising cyber-attacks. Stakeholders aver that cyber security is imperative in protecting sensitive data, ensuring continuous operations, complying with regulations, maintaining a strong reputation and gaining a competitive edge in the landscape. Margaret Kinyanjui, the Principal College…
Tupande One Acre Fund in partnership with the Seed Servers Network Kenya has established the first ever indigenous and traditional crops community seed bank in Kakamega County. The initiative, dubbed the Mahiakalo Baraka Farmers Community Seed bank located in Lurambi aims to preserve indigenous crops to prevent their extinction. ALSO READ: Bomet’s Mogogosiek tea farmers…
Tea farmers in Mogogosiek, Bomet County, have rejected this year’s bonus payment of Ksh12 per kilogram, terming it unfair and far below their expectations. The farmers are now demanding urgent reforms in Kenya’s tea sector, including a forensic audit of factories, withdrawal of auction brokers, and a full separation of Kobel and Mogogosiek factories. Speaking…
