Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Lake Region Economic Bloc (LREB) Chief Executive Officer Victor Nyagaya has revealed that the bloc has decided to form a Sacco to sustain its economic model. Nyagaya said the bloc has already done the legal paperwork for registration and that they plan to start with a Sacco then gradually build it into a regional bank….
Embu County has targeted to have all its adult population in cooperative societies. County Director of Cooperatives David Muriuki said sector stakeholders in the county are focused on recruiting 600,000 members, which the approximate number of people in the adult bracket. He said the cooperative movement in Embu controls up to Ksh14 billion in liquid…
The County Assembly of Taita Taveta has been asked to fast-track passage of the County Cooperative Draft Bill to provide trustworthy market intelligence, practical advice and business tools to regulate and streamline registration of Saccos in the County. Deputy Governor Christine Kilalo said that the county administration is keen to ensure cooperatives in the area…
Milk production in twelve counties countrywide is set to double following a series of interventions rolled out through a project run by the Kenya Crops and Dairy Market Systems (KCDMS). Through the US-AID-funded project, over 190,000 farmers in Kisumu, Siaya, Migori, Homa Bay, Vihiga, Kakamega, Bungoma, Busia, Kisii, Kitui, Makueni and Taita Taveta counties have…
Busia County Executive Committee Member in charge of Trade, Industries, Investment and Cooperatives Omuse Olakachuna has revealed that the county government will enact laws that will strengthen cooperative societies in the region. Omuse disclosed that some of the issues they aim to address is how to safeguard Saccos’ funds and repayment of loans. He noted…
Prime Cabinet Secretary Musalia Mudavadi has termed the establishment of Western Kenya Muslim Sacco a crucial step towards ensuring financial independence of women in rural areas. Speaking during the annual women Muslim women Quran competition in Kakamega,the prime CS reiterated that the government firmely supports the move by women to financially advance themselves since they…
The Communications Authority of Kenya (CA) has raised concern over the high number of cyber security attacks, which rose from 7.7 million in 2018 to 444 million in 2023. Speaking in Kisumu during the awards ceremony of the Kisumu edition of the Authority’s cyber security bootcamp and hackathon series 2023, Internal Audit Director Rosalid Muriithi…
Finmat Sacco has embarked on frequently holding member education days to strengthen financial literacy among members. Credit director Beatrice Kisanya assured members that the Sacco is focused on its core business of empowering members through financial literacy training so as to improve their individual as well as collective financial welfare. “Finmat Sacco prides itself for…
Ministry of Agriculture and Livestock Development Cabinet Secretary (CS) Mithika Linturi has urged farmers across the country to register with the Ministry in order to benefit from the government’s subsidy on fertilizers. Speaking at Luuma Primary School in Tigania East when he helped raise funds for the construction of a multi-purpose hall, the CS said…
Stima Sacco has launched a new branch in Kisii town. Speaking during the launch, Sacco CEO Dr Gamaliel Hassan revealed that the friendly Sacco aims to grow and positively impact the lives of its clients. He added that Kisii is the third branch to be opened by his financial organization this year after Meru and…
