Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Cooperatives Commissioner David Obonyo has urged the sector to be guided by the values and principles of the cooperative movement in their operations, with a view to standing out from other business models. Addressing Sacco leaders during a Cooperative Alliance of Kenya (CAK) conference recently, Obonyo noted that the core mandate of CAK is to…
Kewisco Sacco is in the process of building its own office block in Nairobi to reduce operational costs. Speaking during the 32nd Annual Delegates Meeting (ADM) held at the Nairobi National Park Club House, the chairperson Rebecca Kipchumba said the land had already been acquired and the Sacco was waiting for the processing of the…
The government plans to revive agricultural extension services through the Agricultural and Livestock Extension Services Bill, 2022, which when passed into law, will establish the Agricultural and Livestock Extension Service (ALES). The corporate body will be mandated to enhance the competitiveness of the agriculture and food industries and increase their long-term productivity. It doing this,…
Nafasi DT Sacco recently rebranded from Nafaka Sacco so as to open up the market through new products which target various sectors of the economy. Speaking during the rebranding and opening of the Sacco’s first branch at Shujaa Mall in Kayole, Sacco chairman Koech Mwerey said the new branch is a great milestone for the…
Yetu Sacco has established a training institute called Pamoja Technical Training College, becoming one of the first Saccos to diversify into technical training. The seven-storey institute has 84 rooms and is located in Majani Plaza in Nkubu town in South Imenti constituency of Meru County. The institution kicked off training in January 2023 with 54…
Ports Sacco has rebranded from Mombasa Port Sacco as part of itsstrategic growth plan to empower members, drive financial inclusion and expand its national footprint. Sacco Chief Executive Officer Dedan Ondieki said the rebrand is part of the Sacco’s expansion beyond Mombasa is part of its strategy to be diverse and inclusive as it renews…
If a draft Bill by the Kenya Society of Professional Cooperators (KSPC) is passed into law, no person will be allowed to practice or provide cooperative services unless they have been issued with a valid practising certificate by KSPC. According to the draft law, a copy of which Sacco Review has seen, KSPC will be…
The fall of the hammer is dreadful. An encounter with an auctioneer is the most frightening experience for an investor, not just because of the humiliation, but the thought of losing property to an indifferent executor of orders is traumatising. However, Sacco leaders have maintained that despite auctioneers having a place in Saccos, they should…
The National Treasury has now revealed that savings made from every 5 per cent deduction on Hustler Fund loan will be wired to the Kenya National Entrepreneurs Savings Trust (KNEST), which was created to oversee the running of the savings scheme that targets over 16 million marginalized informal sector workers. It comes after the creation…
Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Simon Chelugui has appointed five new members to the Co-operative Tribunal to meet the quorum and help to deal with the backlog of cases before the tribunal. In a Gazette Notice No. 2885 dated February 23, 2023, the CS appointed the new members…
