Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The County Government of Tana River has set aside Ksh10 million this Financial Year 2023/24 for loans to enable small-scale traders to expand their businesses. Kenya National Chamber of Commerce and Industry (KNCCI ) Tana River county branch chairman Hassan Barisa revealed that the money, which is a revolving Fund, will be disbursed from next…
The Kenya Electricity Generating Company (KenGen) has reported a 48% growth in profit after tax for the Financial Year (FY) ended June 30, 2023, surging to Ksh5.02 billion up from Ksh3.4 billion in the previous FY. It also reported a 14% growth in revenue from Ksh47.48 billion in 2022 to Ksh53.96 billion largely spurred by…
The National and County governments have been urged to encourage farmers to take up climate-smart agricultural practices to boost food security in the country. Speaking in Kisumu early this week, Queen Máxima Zorreguieta Cerruti said that farmers would realize high yields if they embraced climate-smart agriculture in the wake of climate change, drought and floods….
The National Irrigation Authority (NIA) has urged farmers in the Western Kenya Schemes (WKS) to embrace double-cropping to increase rice production and boost the realization of food security in the country. WKS Manager Kennedy Ouma said that the farmers have been encouraged to undertake the exercise immediately after harvesting rice and plant other crops. He…
Kisii County Governor Simba Arati has asked Boda boda riders in the area to cultivate a saving culture to enhance their financial stability. Arati said that the industry has the potential to make the riders financially competent with the ability to loan out money instead of being chronic borrowers. “Yours is a potential institution that…
The Kericho County Governor has urged Saccos in the area to put in place tough anti-corruption measures to safeguard members’ savings. Dr, Erick Mutai said that the stability of any Sacco is dependent on the security guarantees it accords to members’ savings. He made the remarks when he presided over the launch of the new…
The Nairobi Coffee Exchange (NCE), yesterday, received the highest number of bags since the implementation of the new coffee regulations. Co-operatives registered 11,432 bags of coffee for the Tuesday auction. They included 612 bags of AA, 164 PB bags and 3,931 AB bags categorized as clean coffee. The coffee comes from 549 cooperatives and estates…
East African Portland Cement Company Ltd has dragged three Sacco officials to Court in connection with the sale of its land in Athi River, Machakos County. The three – Pascal Kiseli Basilio, Julius Mutie Mutua and Alex Kyalo Mutemi – who are Aimi Ma Lukenya Society officials, were arraigned before Milimani Magistrate Gilbert Shikwe on…
Lamu County Cooperative Director Paul Thauri has revealed that the county has registered four new Cooperative societies in the last six months. Speaking to Sacco Review from Lamu town recently, the director urged women and youth in the county to cooperate and form Saccos to uplift their living standards. He also advised residents to join…
The County Government of Kisumu and other regional governments from thirteen countries have signed a Memorandum of Understanding for the creation of an Economic Forum for African Regions. The forum, championed by the Regional Council of Rabat Sale Kenitra, is formed as a framework for partnership and exchange of experiences capable of promoting development. The…
