Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kisumu County deputy governor Dr .Mathews Owili has decried the dwindling fisheries sector, despite the efforts being made by the county government. Speaking during AQUAFEDHA project launch at Ogal Beach in Kisumu West Sub-County, Dr Owili said the fisheries sector still faces significant challenges despite interventions put in place to solve various challenges in order…
The Energy and Petroleum Regulatory Authority (EPRA) has introduced three comprehensive draft regulations to enhance safety, reliability, and consumer protection within Kenya’s energy sector. The proposals, currently undergoing public participation, aim to address critical aspects of energy management, from incident reporting to service quality and licensing protocols. EPRA Director in Charge of Electricity and Renewable…
A glance at the financial statements for the year ended 31st December 2024 for most deposit-taking SACCOs that have already published their accounts shows that many of these societies have maintained the rate of dividend and interest on members deposits or rebate payments to their members. These returns have been attributed largely to a harsh…
The Kenya Society of Professional Co-operators (KSPC) has urged the Commissioner of Co-operative Development (CCD) to develop a policy guide that will enable co-ops to function in a way that will help open the common bond to the general public. The professional body has argued that though the opening of a common bond in the…
After a happy 40 years in the cooperative movement, where he rose through the ranks to become one of the renowned leaders, CPA Frederick Masoso Abuyabo, the immediate former Chief Executive Officer (CEO) of Ufanisi Deposit Taking Sacco, hang up his boots. His handwork and determination have seen him climb the career ladder from a…
Solution Sacco in recent years has achieved an all-round growth stamping its legacy as being one of the very best Sacco in the Co-operative world. The Sacco which has been in existence for over 30 years under the leadership of the Chairman Francis Rimbera, bagged the best trophy in credit management deposit taking Saccos category…
Cooperatives Cabinet Secretary (CS) Wycliffe Oparanya has affirmed that the government is committed to undertake several policy interventions to address the challenges affecting the sector. The CS, speaking during the launch of the Inaugural Annual SME Conference, Awards and Exhibition yesterday hosted by the Kenya Private Sector Alliance (KEPSA) at the Kenya Institute of Curriculum…
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 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…
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…
