Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
A study by the Financial Access Initiative (FAI) has shed light on the role of entrepreneurs and financial service providers in providing SMEs with customized credit facilities to enable them improve their services. Titled Kenya Small Firms Diaries Study, the study revealed that 51 per cent of the adult population in Kisumu county own small…
Ely Otieno joined Keystone Sacco, formerly Kisumu Teachers Savings and Credit Co-operative Society (KITE), over 20 years ago. He has never regretted joining the Sacco but has instead been counting blessings as a member of the organization. Otieno says he joined the Sacco in 1996 after starting off the teaching profession as a young visionary…
The Kenya Industrial Research and Development Institute (KIRDI) has entered into a partnership with the University of Nairobi (UoN) to train women fish traders on value addition and preservation. KIRDI head of food technology research Gitutu Nyambane said the training targets to build the women’s capacity to use food processing technology to preserve fish in…
Operations at Siaya Ufanisi Sacco have been negatively affected as the county government is yet to remit Ksh3.6 million it owes. Speaking during their recent Annual Delegates Meeting (ADM), Sacco chairman Tom Adero noted that despite improved remittances by the current county government, the issue still needs to be addressed since deductions are inconsistent and…
The County Government of Kisumu has rolled out an ambitious programme aimed at revamping the ailing cooperative sector in the region. Speaking during the International Cooperatives Day held at the Young Men’s Christian Association Grounds, County Executive Committee Member in charge of Trade, Industry and Cooperatives Farida Salim said her department intends to meet all…
Charles Omwansa, the CEO of the giant Gusii Mwalimu Sacco, has called it a day. Omwansa, who has three decades of experience in the Sacco sector, has left the institution with a rich and unrivalled legacy. The Sacco held a retirement party at Monarch Hotel in Kisii County which was graced by other Sacco members,…
Rice farmers in Nyando, Kisumu county have been urged to join cooperative societies to enable them find ready markets for their produce as well as weed out cartels from their midst and ease access to credit. National Irrigation Authority (NIA) West Kenya Region Scheme Manager Kennedy Ouma said cooperatives are a vital element of development…
Jumuisha Sacco Society Limited is steadfast in its endeavor to empower its members through the provision of quality products and services that improve their socio-economic developments. Sacco Chairperson Eveline Otieno is confident the Sacco is the region’s leading financial partner in offering real time financial solutions to businesses and groups for economic development. “Jumuisha Sacco…
Beach managers have asked President William Ruto to include the fishing sector in his fiscal plans and rename the Ministry of Agriculture and Blue Economy to include Fisheries and Aquaculture. Led by National Beach Management Units (BMU) Chairman Tom Guda, the fishermen claimed that the fishing industry contributes about 1 per cent of the national…
Co-operative societies in Kisumu County have been urged to join Sacco Societies Regulatory Authority (SASRA) to improve their financial situation.The officer in charge of cooperatives in Kisumu Central sub-County Philip Akama said they would organise a meeting for members in order to educate them on the importance of being a member of SASRA, a body…
