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

Raila Odinga to attend FESTAC Africa Festival in Kisumu this month

Sacco Review3 days ago04 mins

Former Kenyan Prime Minister, Raila Odinga has confirmed his attendance and participation in the FESTAC Africa Festival 2024 that will take place in Kisumu. Raila said the history of Africa, the continent’s heritage and culture will be major highlights at the the Festival, which will be held in the city of Kisumu in Kenya. From…

Loiyangalani Fish Cooperative rejuvenates to meet growing demand for fish

Sacco Review3 days ago3 days ago04 mins

Loiyangalani town is located on the eastern bank of Lake Turkana which occupies northwestern Kenya, with the biggest portion of the lake in Marsabit County. Residents here engaged in fishing for household meals but over time it is done for commercial purposes. Also, many fisherfolk lacked proper storage facility depending on traditional ways of preserving…

Kenyans to benefit from World Bank’s KSh59 billion Lake Victoria water scheme

Sacco Review3 days ago06 mins

The East African Community Partner States have received a major boost after the World Bank approved the financing of KSh59 billion for sanitation programme within the Lake Victoria Basin. The noble gesture, according to the Executive Secretary for the Lake Victoria Basin commission (LVBC) Dr Masinde Bwire, has been achieved through a series of engagements…

MPs to kick off nationwide public hearings on Cooperatives Bill next week

Sacco Review4 days ago03 mins

The National Assembly has announced dates for of public hearings on the Cooperatives Bill 2024, (National Assembly Bill No. 7 of 2024) urging members of the public to turn out to give views. Hearings will take place in 8 counties on May 7-11, 2024. On May 7, 2024 hearings will hold in Siaya at IEBC…

Ollin Sacco posts KSh8.8 million profit in 2023

Sacco Review5 days ago03 mins

The Ollin Savings and Credit Society Limited closed the 2023 with a notable growth of more than KSh8.8 million surplus compared to the previous year. According to the report, the surplus after taxation for the year 2022 was KSh1, 108, 246, but grew to KSh1, 301,427,544 by the end of last year. Revenue additions in…

Women in Nyanza asked to join Saccos

Sacco Review5 days ago5 days ago02 mins

Maendeleo ya Wanawake Organisation has advised women in Nyanza to join savings and credit co-operative societies (Saccos). Speaking during Rachuonyo East Entrepreneur Sacco’s Annual General Meeting (AGM) in Kabondo Kasipul, chairperson Rahab Muiu and area MP Eve Obara told women that Saccos have many benefits including transforming livelihoods. “Saccos have improved the lives through the…

NTSA cancels licenses of 64 PSV Saccos

Sacco Review5 days ago5 days ago02 mins

The National Transport and Safety Authority (NTSA) has revoked licences belonging to 64 matatu Saccos. In a notice seen by Sacco Review, some of the operator licenses revoked include Moline, Wamasaa, Oromats, Kensilver and Mbukinya. The police have also been advised to impound their vehicles if found on the road. READ ALSO: Farmers asked to…

Farmers adopt hybrid technology to increase rice farming

Sacco Review5 days ago08 mins

The African Agricultural Technology Foundation (AATF) is pushing for the adoption of high yielding hybrid varieties to reduce the Government’s annual rice import bills. Also, it is one of the ways aimed at addressing Kenya’s significant rice production shortfall and enhance farmers’ income. Dr Kayode Sanni, who heads AATF’s rice initiative, said the situation has forced…

Cooperative movement retirees urged to offer consultancy services

Sacco Review6 days ago04 mins

Retirees from the cooperative movement in Kisii and Nyamira counties have been urged to offer consultancy services for residents to benefit from their knowledge, skills and experiences. Gusii Coffee Farmers’ Cooperative Union (GFCU) chairman, Peter Onsinyo said the retirees have a wealth of experience to be tapped to boost growth and development in the agricultural…

Delay by counties to remit staff contributions hampering smooth operations of Saccos

Sacco Review6 days ago6 days ago03 mins

The delays and sometime failure by counties to remit deductions to Saccos has hampered their smooth running and even risking liquidity. Saccos now say that employer institutions’ failure to honour their obligations of remitting Sacco deductions affects the financial performance of these firms, despite various policy and administrative measures being put in place to address…