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

Cooperatives Cabinet Secretary leads tree planting in Murang’a

Sacco ReviewMay 12, 202406 mins

Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs) Simon Chelugui on Friday, May 10, spearheaded tree planting at Kangari in Kigumo, Murang’a County in line with President Williams Ruto’s directive to mitigate against climate change. Chelugui was welcomed by the area administrators. “In line with President @WilliamsRuto’s directive setting aside May…

How to improve governance of cooperatives, restore members’ confidence

Sacco ReviewMay 11, 2024May 11, 202406 mins

Kenya is reputed to have the most vibrant cooperative sector in Africa. Financial cooperatives have grown exponentially necessitating the enactment of the sector-specific Sacco Societies Act, 2008, to regulate them. It is believed some Saccos have mobilised more deposits compared to some licenced commercial banks operating in the country. But what then ails this critical…

7,000 farmers in Homa Bay get sunflower seeds to boost yields

Sacco ReviewMay 6, 202403 mins

Homa Bay County administration is promoting sunflower farming through distribution certified sunflower seeds to registered farmers. In partnership with Agricultural Food Authority (AFA), the county aims to have the seeds planted on more than 7,000 acres across the eight constituencies. This programme will see a total of 27,250 kg of seeds distributed to over 7,000…

Raila Odinga to attend FESTAC Africa Festival in Kisumu this month

Sacco ReviewMay 5, 202404 mins

Former Kenyan Prime Minister, Raila Odinga has confirmed his attendance and participation in the FESTAC Africa Festival 2024 that will take place in Kisumu. Raila said the history of Africa, the continent’s heritage and culture will be major highlights at the the Festival, which will be held in the city of Kisumu in Kenya. From…

Five risk management strategies for Saccos

Sacco ReviewApril 27, 202406 mins

Saccos benefit many people and in their daily activities they are exposed to a variety of risks — either internal or external. Internal risks are those within the organisation while external risks are outside the control of the Saccos. These risks make Saccos fail to meet their goals and members are the one affected. Among…

The silent killer of Kenyan Saccos

Sacco ReviewApril 25, 2024April 25, 202407 mins

In the fast-paced arena of financial management, Kenya Saccos serve as beacons of resilience and innovation, navigating turbulent cash flow through strategic foresight and careful planning. As a cornerstone of financial inclusion and community empowerment, Saccos play a critical role in Kenya’s economic fabric and serve as an important conduit for savings mobilisation and credit…

Draft Cooperatives Bill needs to reflect proposals in Sessional Paper No 4 of 2020

Sacco ReviewApril 22, 2024April 22, 202408 mins

The enactment of the Cooperative Societies Act, No 39 of 1966 was the outcome of the Sessional Paper No. 10 of 1965 on “African Socialism and its Application to Planning in Kenya”, while the subsequent enactment of the Cooperative Societies Act, No 12 of 1997 (Amendment 2004) was anchored on the Sessional Paper No. 6…

Harambee Sacco new shares offer seeks KSh4 billion for expansion

Sacco ReviewApril 19, 2024April 19, 202403 mins

Harambee DT Sacco has come up with share drive initiative to generate revenue of KSh4 billion to facilitate the expansion of the society in line with its strategic plan. All registered (both past and current) members of the Sacco are qualified to take part in the share drive. According to an information memorandum published by…

PS urges miners to form cooperative societies

Sacco ReviewApril 19, 2024April 19, 202405 mins

The Government has launched campaign to mobilise persons who undertake Artisanal and Small-Scale Mining (ASM) and Large-Scale Mining (LSM), to form Saccos aimed at ensuring earnings from the economically potential sector are prudently utilised. Formation of the Saccos, the Government hopes will ensure that miners especially artisanal and small-scale save portion of their income and…

Sacco re-branding is a great idea if properly planned

Sacco ReviewApril 18, 202404 mins

A number of Saccos have rebranded to breathe a new life into their existence. The hope is that with a change they will be able to capture the imagination of members, both existing and prospective, in a way that will bring positive energy and reinvigorate the many lattices that may have been rendered ineffective by…