Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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…
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,…
Principal Secretary (PS) State Department for Agriculture Dr Paul Ronoh has revealed that the national government has distributed 100 mobile driers across the country to help minimize post-harvest losses. The PS speaking at Lulu Farm in Trans Nzoia County recently revealed that the county will receive 230 smaller driers on top of the 10 big…
Mining, Fisheries and Blue Economy Cabinet Secretary (CS) Hassan Joho has announced that the government intends to streamline the mining sector. Speaking in Kisumu when he met mining officials and artisan miners from Rift valley and Nyanza regions recently, the CS said that the government seeks to introduce reforms in bid to improve the sector….
There is a ray of hope of compensation for former employees of Nakumatt Supermarket after they were invited to a meeting with trustees and the liquidator to learn about how they will get their benefits. According to a notice issued today, the supermarket asked their former employees who are yet to receive their pensions to…
A sugar workers union has warned of a major backlash if the rejected Finance Bill 2024 is forced down the throats of Kenyans. The Kenya Union of Sugar Plantation Workers (KUSPAW) Secretary General Francis Wangara said Kenyans will resist attempts to reintroduce the bill. Speaking in his Kisumu office, Wangara observed that there is nothing…
Cooperatives Cabinet Secretary (CS) Wycliffe Oparanya has affirmed that the government is committed to undertake several policy interventions to address the challenges affecting the sector. The CS, speaking during the launch of the Inaugural Annual SME Conference, Awards and Exhibition yesterday hosted by the Kenya Private Sector Alliance (KEPSA) at the Kenya Institute of Curriculum…
The Principal Secretary (PS) to the State Department for Micro, Small and Medium Enterprises (MSMEs) Development, Susan Auma Mang’eni, is in India for the three-day India Africa Business Conclave organized by the Confederation of Indian Industries. In an announcement made on her official X (formerly Twitter) account seen by Sacco Review, Mang’eni said that she…
Savings and Credit Co-operative Societies (SACCOs) across the continent of Africa are embracing digitization rapidly to catch up with the fast changing business and financial services landscape globally. Ranging from the use of digital core banking systems to customer support to tech-enabled information management systems, SACCOs are transforming age-old business models, facilitating greater efficiencies and…
