Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Joseph Njoroge, the CEO of Safaricom Sacco, has been named the winner of this year’s Champions of Governance (CoG) Award by the Institute of Certified Secretaries (ICS) in a ceremony held at Mercure Hotel in Upperhill, Nairobi. The CoG Awards aim to recognize and promote research work related to good governance practices. Njoroge, who joined…
Kenya Bankers Sacco has launched a Christmas raffle draw which will see members who deposit more than their usual monthly savings gifted shopping vouchers with a goat as the grand prize. To qualify, members must have a minimum share capital of Ksh30,000 and have made deposits between November 24 and December 20. The Sacco will…
The New Kenya Co-operative Creameries Limited (New KCC) will not be included in the list of 11 state corporations slated to be privatized. According to Cooperatives and MSMEs Development Cabinet Secretary Simon Chelugui, there is a four-year Cabinet decree that invalidates the privatization of the New KCC. During a meeting with the management in Naivasha,…
The Co-operative Bill 2023 is a game-changer as it will allow the government a level of control over activities of the cooperative movement and intervene in case of any risk that may threaten the movement with the aim of making the multi-billion sector flourish again. A look into the bill shows that unlike before when…
The Retirement Benefits Authority (RBA) has rolled out a nationwide sensitization campaign to encourage more Kenyans to join the retirement scheme to cushion themselves during old age. Speaking in Kisumu, RBA Chief Executive Officer Charles Machira said that according to their data, only 26 percent of the country’s entire labour force saves for retirement. “This…
The Principal Secretary for Interior and National Administration, Raymond Omollo, has assured Kenyans that the government is focused on strengthening its five key economic pillars. He said that it is training its focus to accelerate and sustain inclusive growth, create opportunities for decent jobs, reduce poverty and income inequality and ensure that we create a…
The Council of Governors (CoG) has submitted the legislative memorandum on the National Assembly 2022 Sugar Bill to the Senate Standing Committee on Agriculture, Livestock and Fisheries chaired by Kirinyaga county Senator James Murango for consideration. The document was presented by Bungoma Governor Kenneth Lusaka in his capacity as the Chair of the Agriculture Committee….
Co-operatives and Micro, Small and Medium Enterprises (MSME) Development Cabinet Secretary Simon Chelugui has revealed that the government is promoting the involvement of young people in the cooperative movement by encouraging them to form their own cooperatives or be incorporated into leadership of the existing Saccos. The CS lamented that despite their technological proficiency, young…
The Principal Secretary (PS) for State Department of Cooperatives, Patrick Kilemi, has reiterated the government’s pledge to support the cooperative sector by implementing dynamic policies and regulatory frameworks. Kilemi made the remarks on November 15 in Mombasa during a workshop which brought together cooperative sector shareholders from across the country to brainstorm on how to…
The Cooperative Bank of Kenya has been ranked the best for demonstrating sustained commitment to driving a positive impact on the environment through sustainable lending practices. The bank, for the fourth time in six years, has scooped the Top 2023 Overall Sustainable Finance Catalyst Award, confirming its commitment to financial sustainability. The results were released…
