Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The National Cooperative Policy that has since transmuted into Sessional Paper No 4 of 2020 advocates for, among other things, the adoption of self-regulation by the cooperative sector as it grapples to find its space in the highly competitive business environment. Self-regulation is intended to create a paradigm shift in the manner cooperative management is…
Leaders in any organization should be smart and sensitive to reward staff positive qualities. This behaviour spurs growth because people are motivated to work. Let us look at some things that invite recognition. The first one is positive attitude. No matter how smart or gifted a person is, if the attitude is not right, they…
Good corporate governance is a system by which an organization is directed, controlled and held accountable by its shareholders and stakeholders. In this case, good corporate governance goes beyond compliance with basic legal requirements. It provides a framework on which a culture of business integrity, accountability and standardized best business practices are established. The Sacco…
Many Saccos have embraced Corporate Social Responsibility (CSR) which entails operating in an ethical and sustainable way and dealing with environmental and social impacts. This means a careful consideration of human rights, the community, environment, and society in which it operates. It’s incredibly important that a cooperative society operates in a way that demonstrates social…
The second phase of the much awaited Hustler Fund aimed at helping small business owners access startup capital is finally out. The fund is also meant to establish a saving culture as well as encourage investments and social security among other benefits to Kenyans. The terms and conditions have been greatly simplified to meet the…
Human resource practices, both individual and organizational, play an integral role in the growth or failure of any organization. It’s important to note that human actions are the greatest contributor towards any organization’s success and this is a key area that can’t be ignored in the cooperative sector. In Kenya today we have cooperatives that…
Education, training and information, the fifth Cooperative principle, was established and adopted by the International Cooperative Alliance and later embraced locally through the enactment of the Cooperative Act. The goal and objective of this principle is to ensure that cooperative members understand their responsibilities and rights. It also seeks to ensure cooperatives educate and train…
2023 presented an opportunity for cooperatives to renew themselves for business. During this time, they look back and evaluate on whether or not they achieved all the set goals in the previous year. They try to come up with well researched solutions to avoid having a repetition of unproductive strategies. From the beginning of the…
The fifth cooperative principle of Education, training and information encourages Cooperative societies to hold education days to train members, stakeholders and the public on the operations of the cooperatives so they can contribute to the development of their co-operatives and ensure they are run professionally. These trainings bring us to the biggest question of: are the…
People follow leaders whose leadership styles or approaches command respect. That is what Dr. John C. Maxwell calls the Law of Respect in the heroic book titled the 21 Irrefutable Laws of Leadership. Ideally, there are six ways to earn respect as a leader. These include: Some people are born with greater skills and ability…
