Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Dennis Bett Giant Baringo-based Boresha Sacco’s active membership hit 71,088 by the year ending December 31, 2021, up from 60,656 in 2020; a clear indicator of rising fortunes of the vibrant society. Speaking during a recent education day for members at Sacco headquarters in Eldama Ravine, Sacco CEO Jacob Mengich said there was an…
By Obegi Malack Commissioner for cooperatives David Obonyo has challenged Saccos to invest in robust Information and Communication Technology (ICT) system in all their operations to improve competitiveness. The commissioner, who was speaking during Sheria Sacco’s Annual Delegates Meeting, said the Covid-19 pandemic proved that ICT system is a must for Saccos. He said…
By Kamundia Muriithi A meeting of coffee farmers affiliated to the troubled Murue Farmers’ Co-operative Society in Embu convened to iron out management wrangles ended abruptly after two factions clashed. That was the second such meeting to abort. The purpose of the meeting convened at the society’s premises by the Office of the Commissioner of…
By David Kipkorir Eliud Chepkwony, the CEO of Jamii Savings and Cooperative Society, only has a few days at the helm of the Sacco before he calls it a day. Chepkwony has decades of experience in finance in the Sacco sector and has served Jamii Sacco for the last 34 years. Speaking to Sacco Review,…
By Rosemil Oduor Appzone Core held its first international workshop for Kenyan Saccos in late February at Elysian Resort, Kiambu road to educate the sector on the difference between ERP systems and core banking systems. The event further created an opportunity to unpack the benefits of their widely used BankOne core banking system and how…
By Our Reporter 26 Kenyan companies have committed trade investments worth $1.6Billion in the Democratic Republic of Congo. The 26 traders are part of the Kenya delegation that participated in last year’s Kenya-DRC Trade Mission organized by the Government of Kenya and the Government of the Democratic Republic of Congo (DRC) in partnership with Equity…
By Andrew Walyaula Waliaulaandrew0@gmail.com Stanbic Bank Kenya and the Kenya National Chamber of Commerce and Industry (KNCCI) have signed a partnership to provide financial and non-financial support to Micro, Small and Medium Enterprises (MSMEs). The Memorandum of Understanding (MoU) between the two entities was signed at the Busia Youth Polytechnic Ground on the sidelines of…
By Fred Sitati The Sessional Paper No 4 of 2020 themed “Promoting Cooperatives for Socio-Economic Transformation” seeks to transform cooperatives in the country by, among other initiatives, advocating for formation of sub-sector-specific Federations to provide specialised services to their member-affiliates. This is necessary to guarantee effective service delivery to the ordinary cooperators who are members…
By Andrew Walyaula Waliaulaandrew0@gmail.com Former Uchumi Supermarket CEO, Jonathan Ciano, has been awarded Sh6.5 million by the court for leave days, unused leave days and gratuity, terming his sacking seven years ago as invalid. He was sacked in June 2015 on claims of gross misconduct and negligence that resulted in the listed retailers owing suppliers…
By Andrew Walyaula Waliaulaandrew0@gmail.com Kenya has signed a bilateral agreement with Democratic Republic of Congo (DRC) to boost agricultural productivity and food security, through “mutually beneficial trade”, education and research. DRC will provide a ready market for Kenya’s food products which are the main exports and account for 33 percent of the nation’s Gross Domestic…
