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

Cooperatives Cabinet Secretary leads tree planting in Murang’a

Sacco ReviewMay 12, 202406 mins

Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs) Simon Chelugui on Friday, May 10, spearheaded tree planting at Kangari in Kigumo, Murang’a County in line with President Williams Ruto’s directive to mitigate against climate change. Chelugui was welcomed by the area administrators. “In line with President @WilliamsRuto’s directive setting aside May…

Despair as KCB plan to auction 78 Greatwall apartments on May 21 at Westlands

Sacco ReviewMay 12, 202405 mins

KCB has advertised the sale of 78 of two-bed apartments at Greatwall Gardens in Athi River to recover a KSh1.9 debt that the developer Erdermann Property Limited had borrowed. In a notice in one of the daily newspaper on May 6, KCB Bank through the auctioneer Garam Investments, advertised the units for sales even as…

Mpesa Foundation holds free medical camp in Mathare North Sub-county today

Sacco ReviewMay 11, 202403 mins

A free medical camp organised by the Mpesa Foundation and in partnership with Zuri Health hold today, May 11, at the Drive-in Primary School in Mathare North Sub-county in Nairobi. Residents will benefit from the free medical check-ups, physician consultations, eye and dental check-ups, blood sugar tests, blood pressure measurements, body fat assessments, and Body…

How to improve governance of cooperatives, restore members’ confidence

Sacco ReviewMay 11, 2024May 11, 202406 mins

Kenya is reputed to have the most vibrant cooperative sector in Africa. Financial cooperatives have grown exponentially necessitating the enactment of the sector-specific Sacco Societies Act, 2008, to regulate them. It is believed some Saccos have mobilised more deposits compared to some licenced commercial banks operating in the country. But what then ails this critical…

Britam asks SMEs to embrace flood insurance

Sacco ReviewMay 10, 2024May 10, 202402 mins

Financial service firm, Britam is requesting a small and medium-sized enterprises (SMEs) to embrace risk mitigation schemes in the wake of floods that have hit the country’s social economy. During an SME networking forum hosted in partnership with Kenya National Chamber of Commerce and Industries (KNCCI), the Managing Director of the firm Tom Gitogo said that…

Kenyans borrowed KSh2.3 billion Fuliza loan daily in 2023

Sacco ReviewMay 10, 202402 mins

Kenyans borrowed at least KSh2.3 billion on Safaricom’s mobile money overdraft product, Fuliza daily in the year ended March 31, 2024. According to the company’s data, the amount borrowed on Fuliza everyday can help to help the government carry out a huge project. The telco’s financial results released in Nairobi on Thursday, May 9 indicates…

Survey: Chelugui ranked 8th top-performing Cabinet Secretary

Sacco ReviewMay 10, 2024May 10, 202403 mins

Cabinet Secretary, Cooperatives and Micro, Small and Medium Enterprises Development Simon Kiprono Chelugui has been ranked 8 among the top 10 best performing cabinet secretaries by Mizani Africa. The Investment,Trade & Industrialisation Cabinet Secretary Rebecca Miano was rated the Best Performing CS in Kenya 2024 with 72.3pc performance rating. She was closely followed by Interior…

315 groups in Kilifi North Sub-county benefit from KSh24.8 billion Uwezo Fund

Sacco ReviewMay 10, 202402 mins

Some 315 groups in Kilifi North Sub-county in Kilifi County have benefited from the Government Uwezo Fund amounting to KSh24,810,000, Sacco Review has established. Speaking to Sacco Review in her office in Kilifi town recently, Kilifi North Sub-county Youth development Officer, Roselyne Wekoto revealed that the revolving funds have been disbursed to the groups to boost…

Here are the top-five performing Saccos

Sacco ReviewMay 9, 202404 mins

Saccos in the country are among top lenders accumulating assets and savings worth billions of shillings. Five top Saccos in the country command a membership of over 517,700. Nairobi City County director of co-operatives Dolphine Aremo said recently that the Capital City hosts to 4978 cooperatives including giant Saccos. In her speech dubbed “Overview of the…

Safaricom makes history, records KSh139.9 billion earnings for full year

Sacco ReviewMay 9, 2024May 9, 202403 mins

Kenya telecoms operator Safaricom, today, May 9 announced that its group earnings before interest and tax, excluding Ethiopia, was KSh139.9 billion in its full year to end-March. It becomes first company in the region to cross past billion-dollar mark in earnings after operating profit for the full year to March rose by 20 per cent…