Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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:…
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…
Fortune Sacco football team based in Kirinyaga will battle MOFA FC in a tense playoff affair to clinch the remaining National Super League spot. After leading the league for most of the season, Fortune Sacco football club stumbled, felling 1-0 to a ten-man Omax team in a decisive encounter at the Serani Sports Complex in…
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 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…
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…
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…
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…
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…
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…
