Sacco Leader - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Safaricom Investment Co-operative has new CEO, Churchill Winstones appointed

Sacco ReviewMay 8, 2024May 8, 202403 mins

Churchil Winstones Ochieng’ is the new Chief Executive Officer (CEO) of the Safaricom Investment Co-operative. Churchil who was appointed by the board to his new position was termed to be a person of vast leadership experience spanning for over 25 years in cash flow management, corporate development and brand management, product development, financial management, planning…

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Equity Bank named Kenya’s most admired brand

Sacco ReviewMay 8, 202404 mins

Equity Bank has once again been recognized as Kenya’s most admired brand, as banks top the list of best brands in the country. According to the latest report by brand valuation consultancy firm–Brand Finance, Equity attained a brand value increased to KSh65.8 billion, representing one per cent increase. Safaricom follows closely with KSh58.1 billion then…

Nairobi’s Cooperative movement best in Africa, assets hit KSh618 billion

Sacco ReviewMay 8, 202407 mins

The success of the Cooperative movement in Nairobi City County is a key player in the economic situation of the entire country with total assets base of KSh618 billion. The county has a well-established department called the Business and Hustler Opportunities sector endowed with technocrats overseeing capacity building of the sector and providing round the…

CS Chelugui appoints 15-member new interim board at KUSCCO

Sacco ReviewMay 7, 2024May 8, 202404 mins

Ministry of Co-operatives & Micro, Small and Medium Enterprises Cabinet Secretary Simon Chelugui has appointed a new interim committee to run Kenya Union of Savings and Credit Cooperative (KUSCCO) after dissolving the previous board following mismanagement of funds allegations. In a statement by the Ministry the 15-member interim Board will be chaired by David Mategwa…

KUSCCO Board of Directors dismissed over alleged mismanagement of funds

Sacco ReviewMay 6, 2024May 6, 202402 mins

Cabinet Secretary for Cooperatives and MSMEs Simon Chelugui announces dismissal of Kenya Union of Savings and Credit Union (KUSCCO) Board of Directors over financial impropriety. CS Chelugui says the Board made inappropriate decisions. “Preliminary findings indicate systemic deficiencies in the management of resources, including, high cash withdrawals out of character with expected operations – Kshs…

7,000 farmers in Homa Bay get sunflower seeds to boost yields

Sacco ReviewMay 6, 202403 mins

Homa Bay County administration is promoting sunflower farming through distribution certified sunflower seeds to registered farmers. In partnership with Agricultural Food Authority (AFA), the county aims to have the seeds planted on more than 7,000 acres across the eight constituencies. This programme will see a total of 27,250 kg of seeds distributed to over 7,000…

Nyakach coffee farmers benefit from 8,000 coffee seedlings

Sacco ReviewMay 6, 2024May 6, 202403 mins

Kisumu County is revitalising coffee farming to stimulate economic growth in the region. Recently, the Nyakach Cooperative Society farmers benefited from 8,000 coffee seedlings from the Agriculture Food Authority (AFA) in collaboration with the county government. The distribution of the seedlings to the farmers was spearheaded by the PS for Trade, Alfred Kombudo together with…

Skyline Sacco holds 3-day brainstorming retreat at Kabarak University

Sacco ReviewMay 6, 202403 mins

Skyline Sacco Limited held a 3-day retreat for its members which served as a pivotal moment of reflection, strategic planning and fostering camaraderie. The team-building event took place at Kabarak University on May 1-3, 2024. Also, the event was a crucial opportunity for Sacco leaders to step away from the day-to-day grind and take a…

State allocates KSh5 billion to Hustler Fund in 2024-2025 budget

Sacco ReviewMay 6, 202402 mins

The State has allocated KSh5 billion for the Hustler Fund in the 2024/2025 budget. The fund, managed by the Cooperatives department is aimed at providing cheap mobile loans to Kenyans. In the present financial year, the Government had allocated KSh10 billion towards the same but it was trimmed in the first supplementary budget. READ ALSO:…

Governor Orengo distributes 16 tons of sunflower seeds to 10,000 farmers

Sacco ReviewMay 6, 202402 mins

The Siaya County administration headed by Governor James Orengo recently commenced the distribution of 16.35 tons of sunflower seeds in the entire county. These seeds will benefit at least 10,000 farmers across the county on an acreage of more than 6,000 acres. These effort are meant to increase our sunflower productivity from the current 2.7…