Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Mediation Committee on the Sugar Bill (N.A. Bill No. 34 of 2022) has started considering clauses of the Bill that are under mediation. The committee which is chaired by Emmanuel Wangwe (MP Navakholo) first considered sub clause 38 (6), which, if amended, will see the Members agree on the institution that will be in…
African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said that the Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the…
Imarika DT Sacco celebrated International Cooperatives Day, locally known as Ushirika Day, on Saturday, July 6, 2024. The Sacco Chairman John Nziro, Board of Directors, CEO George Yongo Ngala, and management, along with other key figures, gathered to mark the 102nd Ushirika Day. Kilifi County Governor Gideon Mung’aro was also in attendance. The Ushirika Day…
Active members of a cooperative are more likely to be assisted by their respective entities in case of any unforeseen challenges, a recent research study has shown. According to a Cooperative Resilience Longitudinal Study in Kenya, which was conducted for the last 5 years, about 82 per cent of cooperative members expressed certainty that if…
James Kinuthia was a member of one of the biggest Saccos in the country; he was employed and used to contribute Ksh1,000 monthly. In the year 2001, Kinuthia lost his job, rendering him unable to make the monthly deposits. Subsequently, he withdrew his deposits, receded to the village and lost contact with his Sacco. Little…
Cooperative sector stakeholders are now waiting to see if the President Willaim Ruto will keep the Ministry of Co-operatives and Micro, Small and Medium Enterprises Development as standalone ministry or it will be absorbed by other ministries. This is after President dismissing all members of his Cabinet including Attorney General. Ruto announced that only Prime…
Senate Deputy Speaker Kathuri Murungi has called on the government to audit all private coffee millers across the country following the increasing coffee theft cases. Speaking at Kariene in Central Imenti Constituency, Kathuri who is also the Meru Senator urged the ministry of agriculture to move with speed and collect data on source and volumes…
Four Saccos in Machakos County have received support from the county government through the Emergency Locusts Response Fund (ELRP) in order to improve on collective marketing of farm produce and increase access to savings and credit facilities. The four farmer producer organizations will receive an inclusion grant of KSH500,000 each through ELRP programme which today…
KCB Bank Kenya Limited has issued a response to the queries raised by the Office of Auditor General on Financial Inclusion Fund (Hustler Fund). Auditor General Dr Nancy Gathungu had issued a disclaimer opinion, citing inconsistencies in the management of the fund. Through a statement from the bank Managing Director Annastacia Kimtai , the financial…
Kisumu has been ranked among the top 1,000 cities that have impressive innovation business startup ecosystems in the world, beating cities in many industrialized countries. In a new report by Startup Blink –a global economy research platform – Kisumu’s good ranking has also helped Kenya to reserve its position as third Best County for start-ups…
