National News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Sacco members urged to back formation of industry watchdog

Sacco ReviewSeptember 12, 202402 mins

The Cabinet Secretary (CS) for Cooperatives and MSMEs Development Wycliffe Oparanya has urged Sacco members across countrywide to back the creation of a federation to regulate Saccos as proposed in the Cooperative Bill 2024 currently before Parliament. Speaking during the launch of the SACCO Societies Regulatory Authority (SASRA) Supervision Report, Oparanya asserted that creation of…

Saccos Urged to Innovate New Products to Boost Active Membership

Sacco ReviewSeptember 12, 2024September 12, 202402 mins

The Sacco Societies Regulatory Authority (SASRA) has urged Saccos to develop new savings and credit products tailored to the changing needs of members, a move that will greatly reducing dormant accounts. SASRA, in a report released on Wednesday, noted that reactivation of dormant accounts should be the top priority for Saccos that seek to boost…

New KCC re-advertises position of Managing Director

Sacco ReviewSeptember 11, 202402 mins

The New Kenya Co-operative Creameries (New KCC) has re-advertised the position of Managing Director (MD) to replace Nixon Sigey whose tenure at the creamery is drawing to a close. In a job advert made by the creamery, the interested party must be a team leader with a track record in business leadership. “We are seeking…

Oparanya disbands Barichu Farmers Cooperative’s management

Sacco ReviewSeptember 11, 202403 mins

Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Wycliffe Oparanya, has disbanded the management of Barichu Farmers’ Cooperative Society Limited in Mathira Constituency, Nyeri County. During a visit to the society in Karatina town yesterday where he met with thousands of farmers, Oparanya ordered the immediate removal of the management to allow for…

CS Oparanya promises more support to Cooperative University

Sacco ReviewSeptember 10, 202403 mins

The Ministry of Cooperatives and MSMEs Development Cabinet Secretary (CS) Wycliffe Oparanya has said the government will allocate more resources to support to the Co-operative University of Kenya (CUK) in executing its role in the growth of co-operative movement in Kenya. Oparanya who met the University’s top management led by Vice Chancellor, Prof. Kamau Ngamau…

Oparanya urges Uwezo Fund beneficiaries to form Saccos

Sacco ReviewSeptember 9, 2024September 10, 202405 mins

Cooperatives and SMEs Cabinet Secretary (CS) Wycliffe Oparanya has emphasized the importance of forming cooperatives among beneficiaries of the Uwezo Fund. He highlighted that by coming together; individuals can create a larger pool of resources, enabling them to get more substantial funding for their business ventures. Oparanya stated, “When you join cooperatives, you have an…

Chelugui finally hands over to Oparanya

Sacco ReviewSeptember 5, 2024September 6, 202404 mins

The former Cabinet Secretary (CS) for Co-operatives and Micro, Small and Medium Enterprises (MSME) Development Simon Chelugui has handed over the docket to the newly appointed CS Wycliffe Oparanya, with the later promising to implement initiatives started by his predecessor. Speaking during the handing over ceremony at the National Social Security Fund (NSSF) office on…

Banks record mixed trends in this year’s second quarter, study reveals

Sacco ReviewSeptember 3, 202407 mins

The Kenyan Banking Sector asset base recorded a mixed trend in the quarter ended June 30, 2024, compared to the growth in the quarter ended March 31, 2024 a study has revealed. In the recent Central Bank of Kenya commercial banks’ credit officer survey for quarter ended June 30, 2024 where 38 commercial banks and…

Relief for consumers as increased sugar production lowers retail prices

Sacco ReviewSeptember 2, 202404 mins

Kenya recorded increased domestic sugar output in the first quarter of 2024 to up to 485,802 tonnes by August leading to a drop in retail prices, the Agriculture and Food Authority has observed. According to a report by the food agency, there was a constant drop in production witnessed in April and May this year…

KCC to halt milk supply to Govt agencies over Ksh184.3M debt

Sacco ReviewAugust 27, 2024August 27, 202404 mins

Members of Parliament have instructed the New Kenya Co-operative Creameries (KCC) to halt milk supply to the State House and other government agencies that have pending bills worth Ksh184.3 million. This is after the New KCC Managing Director Samuel Ichura and Cooperatives Principal Secretary (PS) Patrick Kilemi appeared before the National Assembly Committee on Trade,…