Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Ben Oroko The liberalization of the coffee sub-sector in the country continues posing a serious sustainability threat to the primary coffee co-operative societies across the country, following smallholder farmers hawking their coffee beans to middle-men and dealers instead of delivering the same to their primary co-operative societies. What started as a bubble in the cup of coffee turned…
By Fredrick Odiero Keystone DT Sacco formerly KITE Sacco has officially launched its new name setting the stage for major expansion. Sacco Board Chairman, Esau Ogada said the rebranding was geared towards expansion and improving the financial base of the institution. He described the rebranding which was established in 1977 as a major milestone towards…
In the Sacco Review newspaper page 14, we referred to Pauline Mwaniki, CEO of Winas Sacco as KETSA CEO Forum Chairperson which is erroneous. The correct position is that Ms Joyce Ndegwa is actually the KETSA CEO Forum boss. We wish to sincerely apologize for the mix-up. By Obegi Malack obegimalack@gmail.com Kenya Teachers Sacco Association…
By Azael Masese A new Sacco Supervision Report, 2021 indicates that the Sacco sub-sector’s total assets grew by 9.93 per cent in 2021 to reach Ksh807.11 billion from Ksh734.22 billion recorded in 2020. During the period under review, total deposits grew by 9.80 per cent in 2021 to reach Ksh564.89 billion compared to Ksh514.46 billion…
By George Otieno State Department for Cooperatives Development PS Ali Noor Ismail has called upon Sacco leaders to unite in addressing challenges facing them. While addressing Sacco Board of Directors, CEOs and their deputies and other stakeholders at Pride Inn in Mombasa, the PS said the sector was stronger and only functional if players came…
By Azael Masese Kenya’s saving rate might decline due to skyrocketing inflation, raising fears on the country’s ability to raise the necessary capital for investment. The cooperative sector and Savings and Credit Cooperative Societies (Saccos) in particular stand to be the biggest losers. As Kenya marked the 100th Ushirika Day on 2nd July 2022, it was praised…
By Ben Oroko Trading of coffee produce at the Nairobi Coffee Exchange (NCE) has been devolved to the grassroots coffee farmers, thanks to the recommendations of the Special Coffee Task-force appointed by President Uhuru Kenyatta to turn around the country’s coffee sector. As part of the task-force’s recommendations to have NCE modernized, small-holder coffee farmers whose primary co-operative societies…
By Roy Hezron As Kenya joins the world in celebrating the International Co-operative Day, locally known as Ushirika Day, the National Co-operative Policy has restructured the co-operative movement in the country as part of sweeping reforms in the sector. Apart from the policy recognizing co-operatives as private business organizations, it has also proposed a new…
By Azael Masese Tembo Sacco celebrated its 50th anniversary, a period in which it braved a tough journey to cruise to a solid balance sheet and stable liquidity ratios. While marking the golden jubilee on June 17, 2022 at the EABL grounds, members recounted the tumultuous journey it took to be able to get a return…
By David Kipkorir Muki Sacco CEO Violet Ndungu and her Unisa Sacco Society Ltd counterpart Polly Gathoni Waweru are among four women across the world who were awarded the 2022 Global Women’s Leadership Network (GWLN) scholarship. The other two 2022 GWLN Scholarship recipients are Dorothy Mambulasa from Malawi Union of Savings and Credit Co-operatives Ltd….
