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Sacco members urged to back formation of industry watchdog

Sacco ReviewSeptember 12, 202402 mins

The Cabinet Secretary (CS) for Cooperatives and MSMEs Development Wycliffe Oparanya has urged Sacco members across countrywide to back the creation of a federation to regulate Saccos as proposed in the Cooperative Bill 2024 currently before Parliament. Speaking during the launch of the SACCO Societies Regulatory Authority (SASRA) Supervision Report, Oparanya asserted that creation of…

Kihika gives Ksh50 million to Saccos in Nakuru

Sacco ReviewAugust 1, 202403 mins

Nakuru Governor Susan Kihika has splattered monumental smile on Sacco members in the county with the actualization and operationalization of Co-operative revolving fund. The move is a huge boost as the previous county government regimes had failed to put in place the fund despites numerous promises. Equally with the same spirit of increasing capitalization for…

Imarika Sacco commemorates Ushirika Day in Kilifi

Sacco ReviewJuly 13, 2024July 13, 202403 mins

Imarika DT Sacco celebrated International Cooperatives Day, locally known as Ushirika Day, on Saturday, July 6, 2024. The Sacco Chairman John Nziro, Board of Directors, CEO George Yongo Ngala, and management, along with other key figures, gathered to mark the 102nd Ushirika Day. Kilifi County Governor Gideon Mung’aro was also in attendance. The Ushirika Day…

Active Co-op members more optimistic and happier lot, study shows

Sacco ReviewJuly 12, 202407 mins

Active members of a cooperative are more likely to be assisted by their respective entities in case of any unforeseen challenges, a recent research study has shown. According to a Cooperative Resilience Longitudinal Study in Kenya, which was conducted for the last 5 years, about 82 per cent of cooperative members expressed certainty that if…

Saccos holding KSh91 million in unclaimed assets

Sacco ReviewJuly 12, 202408 mins

James Kinuthia was a member of one of the biggest Saccos in the country; he was employed and used to contribute Ksh1,000 monthly. In the year 2001, Kinuthia lost his job, rendering him unable to make the monthly deposits. Subsequently, he withdrew his deposits, receded to the village and lost contact with his Sacco. Little…

Fired Cooperatives CS Chelugui speaks out

Sacco ReviewJuly 12, 202403 mins

Cooperatives and MSME Development Cabinet Secretary Simon Chelugui has issued statement moments after being sacked. In a statement shared on X, Chelugui thanked President William Ruto for entrusting and giving him an opportunity to serve the people of Kenya under his administration. While quoting bible, Chelugui thanked Ruto and Kenyans and promised to support Ruto…

Will Ministry of Cooperatives be merged with another ministry in the upcoming changes?

Sacco ReviewJuly 11, 2024July 11, 202402 mins

Cooperative sector stakeholders are now waiting to see if the President Willaim Ruto will keep the Ministry of Co-operatives and Micro, Small and Medium Enterprises Development as standalone ministry or it will be absorbed by other ministries. This is after President dismissing all members of his Cabinet including Attorney General. Ruto announced that only Prime…

Senator wants private coffee millers audited to tame theft

Sacco ReviewJuly 11, 2024July 11, 202404 mins

Senate Deputy Speaker Kathuri Murungi has called on the government to audit all private coffee millers across the country following the increasing coffee theft cases. Speaking at Kariene in Central Imenti Constituency, Kathuri who is also the Meru Senator urged the ministry of agriculture to move with speed and collect data on source and volumes…

President Ruto to preside over livestock auction in Kisumu this month

Sacco ReviewJuly 11, 202405 mins

President William Ruto is expected to preside over a livestock auction at this year’s Agricultural Society of Kenya (ASK) Kisumu Regional Show, slated for July 24-28 at Mamboleo Showground. The auction, which is being held for the first time in Kisumu County, will be a key attraction at the regional show, which has attracted over…

Machakos cooperatives receive support to improve marketing of farm produce

Sacco ReviewJuly 11, 202404 mins

Four Saccos in Machakos County have received support from the county government through the Emergency Locusts Response Fund (ELRP) in order to improve on collective marketing of farm produce and increase access to savings and credit facilities. The four farmer producer organizations will receive an inclusion grant of KSH500,000 each through ELRP programme which today…