Co-op News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

CS Oparanya calls for actionable ideas to propel Kenya’s Cooperative Movement forward

Sacco ReviewNovember 25, 202404 mins

Cabinet Secretary for the Ministry of Cooperatives and MSMEs Development, Wycliffe Oparanya, has urged cooperative movement stakeholders to come up with actionable ideas to propel the cooperative sector forward. Oparanya, who was addressing the cooperative movement stakeholders during the 3rd Annual Cooperative Movement Stakeholders’ Forum held from 18th to 22nd November 2024 in Naivasha, said…

CS Oparanya instructs Commissioner for Coops Development to develop Dividend Policy

Sacco ReviewNovember 25, 202403 mins

Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya has instructed Commissioner for Cooperatives Development to develop a Dividend Policy for Cooperatives that will ensure that no cooperative borrows to pay dividends. The CS who was speaking in Nairobi during the launch of the strategic plan 2023-2027 for new Kenya Planters Cooperative Union (KPCU) said the…

SACCOs thriving today, but are they ready for tomorrow?

Sacco ReviewNovember 25, 2024012 mins

Savings and Credit Cooperative Organizations (SACCOs) have long been heralded as engines of financial empowerment, particularly in underserved and emerging markets. They provide a lifeline for millions by offering affordable credit, encouraging savings, and promoting economic inclusion. Yet, like any other financial or corporate institution, SACCOs are not immune to the inherent cycles of growth,…

ACCOSCA, ACDF convene 2nd International CEOs’ Credit Union Summit in Africa

Sacco ReviewNovember 13, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) in close collaboration with the Africa Co-operative Development Foundation (ACDF) held 2nd International CEOs’ Credit Union Summit in Africa. The selected global Cooperative business leaders convened in Zimbabwe, Botswana, and Zambia to unpack strategies to foster the growth and development of SACCOs in Africa. The leaders…

Governor Lusaka unveils plans to restructure cooperatives for improved farmer support

Sacco ReviewNovember 13, 202403 mins

Bungoma Governor Kenneth Lusaka has revealed plans to restructure cooperative societies to boost their efficiency and allow them support farmers more effectively. Speaking at a burial ceremony in Kabuchai constituency, Lusaka underscored the critical role that cooperatives play in empowering the local farming community and lifting the region’s economic prospects. “Cooperative societies are the lifeline of farmers’…

Saccos should prioritize people over products in a changing financial landscape

Sacco ReviewNovember 12, 2024012 mins

In recent years, Savings and Credit Cooperative Organizations (Saccos) have become increasingly vital to the financial wellbeing of many Kenyans. They have allowed individuals, families, and small businesses to access credit, grow their savings, and benefit from cooperative economic models that prioritize mutual success over pure profit. However, as Saccos continue to evolve and introduce…

DP Kindiki puts corrupt Govt officials on notice

Sacco ReviewNovember 11, 2024November 11, 202402 mins

Deputy President (DP) Prof. Kithure Kindiki has warned that the government will persecute state officials who misuse public funds for personal gains. “It is a curse to use public funds for personal benefits. It is a curse because of the cry of poor people who cannot access medicine and die will haunt you,” he said….

Governors pledge collective action on water security, environmental sustainability and climate resilience

Sacco ReviewNovember 11, 202406 mins

Governors of the Lake Region Economic Bloc have reaffirmed their collective obligation to secure access to clean and safe water for all residents in their respective counties. They said Water security is essential for social and economic development and remains a basic human right. The governors committed to expanding water service coverage and improving sanitation,…

Kenya Pipeline Corporation expands fuel transport with new vessel on Lake Victoria

Sacco ReviewNovember 11, 202407 mins

Operations at the Kenya Pipeline Corporation (KPC) oil jetty in Kisumu have been ramped up following the introduction of a second cargo ship to ferry fuel from the depot to Uganda through Lake Victoria. The vessel christened MT Elgon has a capacity of 4,500 cubic metres and will complement MT Kabaka Mutebi II which was…

Kakamega county to establish Ksh 1 Billion Tea Factory in Shinyalu

Sacco ReviewNovember 8, 202404 mins

The Kakamega County Government is set to kick off the construction of a new tea factory in the Madala area of Shinyalu constituency, with an investment of Ksh 1 billion. Deputy Governor Ayub Savula made the announcement during a public participation forum at Shabwali Friends Church, organized by the county government in collaboration with the…