Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kisumu County’s boda boda sector has received a major boost as Afresa Sacco has stepped in to support them with their financial needs. Members will now be able to save and borrow with low interest rates. Afresa Sacco, which has been in operation for more than two years, as stated by the chairperson of the…
Uriri residents have lauded the government for fast-tracking the expansion of the multimillion Kenya Electricity Generating Company (KenGen) Gogo Power Substation, whose groundbreaking ceremony is set for early this year. Area Member of Parliament Mark Nyamita has been leading a major campaign aimed at compensating residents whose parcels have been taken over. Nyamita tabled the…
Kakamega Governor Fernandez Barasa has announced that the Tumbeni Dairy Plant project in Malava Constituency is on track for completion by the end of this year. Speaking at the funeral of the late Mzee Jackson Mulunda Shamala in Ichina, East Kabras Ward, Barasa emphasized the project’s potential to revolutionize Malava’s economy and provide crucial support…
The National Government has cut budget for agencies that provide cheap credit to youth and women. Affected agencies include Women Enterprise Fund, Uwezo Fund, Youth Enterprise Development (YEDF) and the Hustler Fund. A report by the Controller of Budget indicates that the National Treasury did not provide loans in the three months to end of…
Some women’s groups from across Kitui County have benefitted from water tanks, catering equipment, motorcycles, tents, and chairs worth millions of shillings, donated by the Kitui County Women’s Representative, Dr. Irene Muthoni Kasalu. The donation ceremony took place recently at Kauwi Primary School in Kitui West District within Kitui County. The Makueni County Women’s Representative,…
The Kenya Electricity Generating Company (KenGen) will embark on an ambitious plan to upgrade the Gogo electricity power plant in Uriri, Migori County, from its current 2MW capacity to 8.6MW. According to the company’s Managing Director, Engineer Peter Njenga, the project, guided by the Least Cost Power Development Plan (LCPDP), will increase the annual energy…
Aquaculture stakeholders have urged the government to urgently convene a consultative forum to address gaps in the Fisheries Management and Development (aquaculture) Regulations 2024. This comes after the Lake Victoria Aquaculture Association (LVA) obtained conservatory orders from the High Court to temporarily halt the implementation of the new regulations which were to take effect on…
Financial communication, which refers to the process of disseminating financial information to stakeholders such as investors, analysts, and the general public, is increasingly becoming an important aspect in the corporate world. It encompasses a wide range of activities, including the preparation and release of financial statements, investor relations, and financial reporting. It is important to…
The High Court has issued conservatory orders suspending the implementation of the Fisheries Management and Development (Aquaculture) Regulations 2024. This follows a petition filed at the Milimani High Court in Nairobi by the Lake Victoria Aquaculture Association (LVA) to contest the new regulations recently gazetted by Mining, Blue Economy and Maritime Affairs Cabinet Secretary (CS)…
The Ministry of Cooperatives and Micro, Small, and Medium Enterprises (MSME) Development has cautioned SACCOs against paying unrealistic bonuses, dividends, and interest, as such cash outflows could cause liquidity challenges if not properly managed. Through a circular sent to SACCOs by the State Department of Cooperatives, the Office of Commissioner David Obonyo stated that the…
