Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Cooperatives have been urged to embrace the seven principles of the movement if they must return to the old days when they were a great success. Prof. Esther Gicheru, Deputy Vice Chancellor (DVC) at Cooperative University of Kenya (CUK), who has been in the cooperative industry for almost a half a century, has said the…
Sacco Societies Regulatory Authority (SASRA), the country’s Sacco regulator, has revised its corporate governance guidelines to include non-withdrawable deposit-taking (NWDT) Saccos, which are now fully under its supervision. The new guidelines, a review of the 2015 document, were made public by SASRA on July 3, 2023. It has expanded its scope to include the corporate…
The Cooperative movement is part of the major sectors the government expects to help it achieve its Medium Term Expenditure Framework (MTEF) objectives for the period 2023/24 – 2025/26. MTEF normally sets out three-year spending plans of the government and its aim is to ensure that budgets reflect the government’s social and economic priorities and…
The Cooperative Alliance of Kenya (CAK) has started a project to train Trainer of Trainers (ToTs) to support rural women and youth in the dairy sub-sector and empower them to become champions of animal nutrition and breeding programmes. Dubbed ‘Strengthening Agricultural Knowledge and Innovation Ecosystem for Inclusive Rural Transformation and Livelihoods in Eastern Africa’, (AIRTEA),…
Mwalimu National Sacco has announced the issuance of advance rebates against expected interest rebates for the fiscal year 2023. Through a memo dated August 02,2023 and signed by Sacco CEO Kenneth Odhiambo, the exercise will kick off today and the advance will be available via MwalimuHELA platform App and USSD*633#. Members will have access of…
Saccos Societies Regulatory Authority (SASRA) has been asked to ensure interests of all Sacco members are protected and that adequate revenues are generated. Cabinet Secretary (CS) for Cooperatives and Micro, Small and Medium Enterprises Simon Chelugui asked SASRA CEO Peter Njuguna to also ensure that members comply with all the basics that govern Cooperative societies….
All Cooperatives will in future become federations and subscribe to an apex body, group managing director of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. Ototo revealed this while…
The government is pushing for a law that will regulate training, registration and licensing of animal production professionals and technicians in the country. The proposed Animal Production Professionals and Technicians Bill 2023 is set to offer an enabling environment for the development and regulation of the livestock industry, and to effectively address the modern challenges…
As part of our national calendar and heritage, Kenyans celebrate Mashujaa Day (previously observed as Kenyatta Day) on the 20th of October every year to reflect and honour the Founding Fathers of our Nation. On this historical day the leaders pay glowing tributes to these heroes and more so extol the virtues that defined our…
Savings and Credit Co-operative Society (Sacco) members have been urged to make good use of the loans they take from their respective Saccos for the intended purpose for their growth. According to Ufanisi Deposit Taking (DT) Sacco Society Chief Executive Officer (CEO) CPA Frederick Abuyabo, Sacco members should be trained about the loans’ intended purpose…
