Cooperatives should be managed strictly within the Universal Cooperative Principles

By Fred Sitati The exponential growth of some Saccos can aptly be attributed to their decision to open their common bonds to attract persons from outside their original catchment areas. Such moves are welcome as long as they are done in reasonable measures and do not compromise the quality of services offered to members as…

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Why the Mandate of the State Department Of Cooperatives (SDC) Should be Enhanced to Adequately Respond to the Changed Circumstances

President released the Executive Order No. 1 of 2022 on 13th October 2022 in which he outlined the functions of the various government Ministries and State Departments. One noticeable change is the relocation of the headquarter of the (new) Ministry of Cooperatives and Micro, Small and Medium Enterprises (MSME) Development from NSSF Building to Teleposta…

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SACCO

Inter-Sacco information sharing necessary to tame Cyber-crime threats

By David Kipkorir In a competitive corporate world, mostly driven by commercial interests, no stakeholder alone can sustainably identify and address all the cyber threats of the fast‐changing digital landscape. A cooperative becomes need of the hour to improve the overall collective cyber-resilience of the digital ecosystem. Intelligence sharing between stakeholders of cyber security is…

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Time for co-operatives to engage more professionals

By Paul Ngugi Ruo 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…

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Why small, struggling cooperatives should merge

By David Kipkorir Mergers, consolidations, acquisitions and federations are not new to cooperatives. Over the years, numerous cooperative leaders, management consultants, bankers and university researchers have urged cooperatives in Kenya to consider extensive reorganization and consolidation. Yet to many, such actions remain feared and misunderstood. Some view such  acts as last resorts for the survival…

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