Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In many societies, success is often measured by what one acquires during one’s lifetime. However, true financial success goes beyond personal comfort and extends to creating opportunities for future generations. This is the essence of generational wealth. Generational wealth refers to assets, resources, and financial advantages that are passed down from one generation to another….
Some opportunities come only once in a generation. When they appear, nations must be prepared to seize them. The 2026 G7 Summit in Biarritz, France, presents such a moment for Kenya. The invitation extended to President William Ruto places Kenya among a select group of countries engaging directly with the world’s most influential political, economic,…
Among the Cooperatives principles, Principle no. 2 gives all members an equal right to participate in all activities of the cooperative societies which includes the decision making, electing leaders and being elected as leaders in a coop society. This means if you fully qualify to be a member of cooperative society, then you are eligible…
Data mining is extracting meaningful, significant, implicit, largely undiscovered, potentially beneficial patterns or knowledge from massive amounts of data. It is the series of steps to discover new, hidden, or unexpected ways in data Data mining is not just about understanding the past but also about preparing for the future. It helps businesses understand demand…
If you want to understand the financial life of a Kenyan teacher, think of a candle: always burning at both ends. Teachers are not just the guardians of the classroom; they are breadwinners, community leaders, and the ‘bankers of last resort’ in extended families. Yet, ironically, they are also some of the most financially strained…
There is no secret that Savings and Credit Co-operative Societies (Saccos) across the world have been developed to meet the fundamental human need of finding a way of saving and borrowing methods to promote the economic interest of their members. They achieve this co-operative principle through the co-operative business model savings culture among members. The…
In a rapidly evolving digital business landscape, the financial sector the world over, including Savings and Credit Co-operative (SACCOs), faces unprecedented challenges and opportunities in equal measure. And with this digital transformation regime comes an increased risk of cyber threats and attacks. Indeed, cyber security is not merely an option for any cooperative formation, but…
As your Savings and Credit Co-operative (Sacco)expands its influence and network, you are likely to face various risks, such as money laundering. Anti-Money Laundering, commonly referred to as AML, is a set of laws, regulations, and procedures designed to prevent and detect illegal financial activities, primarily money laundering. The primary purpose of AML measures is…
For decades, Savings and Credit Cooperative Organization (SACCOs) have occupied a special place in Kenya’s financial ecosystem. They are trusted institutions built on community ownership, shared prosperity, and the promise of affordable credit. Every year, members eagerly await dividend announcements with the same excitement shareholders reserve for listed companies. In many circles, a SACCO that…
In matters co-operative movement management and governance practices, Participatory Budgeting (PB) is described as a democratic process that gives co-operative enterprise members direct power to decide how the management and boards of management allocate and spend members’ funds and other resources for the benefit of the members and other stakeholders. Participatory Budgeting promotes a bottom-up…
