Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
A 2020 Survey conducted by the State Department for Co-operative Development revealed that there are 5,723 dormant cooperatives, which are at risk of losing its assets to unscrupulous officials. Kenya Society of Professional Co-operators (KSPC) has called on the government to develop policy guidelines that will help to safeguard assets of cooperatives that may fall…
Many Saccos have embraced Corporate Social Responsibility (CSR) which entails operating in an ethical and sustainable way and dealing with environmental and social impacts. This means a careful consideration of human rights, the community, environment, and society in which it operates. It’s incredibly important that a cooperative society operates in a way that demonstrates social…
Farmers in various cooperative societies across Machakos County stand to gain following the huge allocation for the agriculture sector in the county’s Ksh14.75 billion 2023/2024 budget proposal. County Finance Executive Committee Member Onesmus Kuyu said agriculture was allocated Ksh904 million to enable farmers access affordable agricultural inputs, add value to their produce and enhance marketing…
Rose Wambua, a former senior banker at the Cooperative Bank of Kenya, has advised livestock farmers to have farm insurance covers for their cattle. Wambua said the move ensures farmers who lose their animals due to drought receive compensation to either allow them to restock faster or invest in other productive activities. “Livestock insurance aims…
Cooperative movement stakeholders are gearing up to celebrate the 101st International Day of Cooperatives (Ushirika Day) on July 1, 2023 at the Kenyatta International Convention Centre (KICC). The event which is themed “Cooperatives for Sustainable Development” will be graced by President William Ruto as the chief guest. Since 1923, cooperatives from around the world have…
Education, training and information, the fifth Cooperative principle, was established and adopted by the International Cooperative Alliance and later embraced locally through the enactment of the Cooperative Act. The goal and objective of this principle is to ensure that cooperative members understand their responsibilities and rights. It also seeks to ensure cooperatives educate and train…
Imarika Sacco in Kilifi County has elected John Ziro as new chairman , who previously served as Sacco vice chairman and as honorary secretary. Speaking to Sacco Review in Kilifi town recently, Sacco Chief Executive Officer (CEO) George Yongo Ngala said that the changes came during the society’s Annual General Meeting (AGM) held at Travellers…
Two new directors have joined the Kenya Society of Professional Co-operators (KSPC) after a successful election during the Society’s hybrid Annual General Meeting (AGM) held recently in Nairobi. Edward Kinyungu and Dr. Lydia Omamo, the National Co-operative Business Association CLUSA International (NCBA-CLUSA) Country Director , replaced Stephen Otieno and Dr. Nelson Kuria who retired after…
Kenya Teachers Sacco Association (KETSA) has registered significant growth in its programmes for the last one year. Association Chairman Robert Kithanju revealed that the programmes undertaken by KETSA have led to a growth in asset base from Ksh260 million in May 2022 to Ksh349 million currently, translating to a growth of 34 per cent. During…
Rice farmers in Nyando, Kisumu county have been urged to join cooperative societies to enable them find ready markets for their produce as well as weed out cartels from their midst and ease access to credit. National Irrigation Authority (NIA) West Kenya Region Scheme Manager Kennedy Ouma said cooperatives are a vital element of development…
