Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The latest Finance Bill has generated considerable debate and concern among ordinary Kenyans. The bill proposes several measures to correct the budget deficit, but one of the most controversial aspects is the dependence on high taxation. Despite its apparent simplicity, this method frequently results in damaging outcomes for both our financial standing and daily activities….
This year’s Ushirika Day, also known as International Co-operatives Day will be celebrated on July 6 at Kenyatta International Convention Centre (KICC) grounds. The theme of this year’s celebrations is “Cooperatives Building a Better Future for All”. This year will be the 102 Ushirika Day. International Co-operatives Day is celebrated annually on the first Saturday…
A recent research study on cooperatives in Kenya now shows that cooperatives are a preferred store of wealth for members and that many people are leaning on Saccos and cooperatives for small loans. Fifty four percent of cooperative members relied heavily on their cooperative ownership as a store of wealth. The cooperative as a store…
Enkanasa Cow has procured two milk coolers designated for MAACOM milk cooperatives centres located both at Ilmeshuki Lekule and Sikawa in Kilgoris constituency. Narok County Senator Ledama ole Kina said the coolers are privately funded by Enkanasa Cow and its associates for the economic development of the Maasai Women. The senator said other cooling plants…
Family Bank’s newly appointed board chair, Architect Francis Gitau Mungai, passed away three weeks after taking over from the retiring Wilfred Kiboro. The Family Bank board of directors and management issued a statement regarding Gitau, who passed away while undergoing treatment in the United States. “Family Bank Board of Directors and Management regrets to announce…
The government will allocate KSh1 billion to the construction of two value addition and branding centres for Kenyan tea, President Williams Ruto has said. Speaking when he launched Chai Gold, the flagship tea brand of the Kenya Tea Development Agency (KTDA) for the international market at Ketepa Grounds in Kericho County on Wednesday, June 19,…
Principal Secretary State Department for Cooperatives Patrick Kilemi has asked Sacco leaders to uphold good governance practices. The PS speaking recently during closing ceremony of The Annual Sacco Sub sector Regulatory Policy and Legal Roundtable, 2024 in Naivasha organised by The Sacco Societies Regulatory Authority (SASRA), he said the Sacco leaders should take their responsibilities…
In the past year, coffee reforms have led to the auction of 496,440 bags of coffee through the Nairobi Coffee Exchange (NCE) earning the country more than KSh17 billion. The reforms steered by NCE and Capital Markets Authority (CMA) have been ranked the best as the system has been transparent to benefit the farmers in…
The Agriculture and Food Authority (AFA) has lauded members of the National Assembly for listening to the cries of Kenyans before adjusting the Finance Bill 2024. AFA board member Samuel Ongow singled out the proposed taxes on sugar transportation, which he noted, was going to be a burden to cane farmers across the country. Speaking…
A housing cooperative has lodged a legal challenge against the government’s acquisition of a 60-acre land parcel, valued at KSh15 billion, designated for the construction of the contemporary Talanta Hela Stadium sports complex. The Postel Housing Cooperative Society contends that the land was obtained without adhering to the legal requirements for compulsory acquisition. In the…
