Active Co-op members more optimistic and happier lot, study shows

Active members of a cooperative are more likely to be assisted by their respective entities in case of any unforeseen challenges, a recent research study has shown. According to a Cooperative Resilience Longitudinal Study in Kenya, which was conducted for the last 5 years, about 82 per cent of cooperative members expressed certainty that if…

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Cooperatives and MSME Development Cabinet Secretary Simon Chelugui.

Fired Cooperatives CS Chelugui speaks out

Cooperatives and MSME Development Cabinet Secretary Simon Chelugui has issued statement moments after being sacked. In a statement shared on X, Chelugui thanked President William Ruto for entrusting and giving him an opportunity to serve the people of Kenya under his administration. While quoting bible, Chelugui thanked Ruto and Kenyans and promised to support Ruto…

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Cooperatives and MSMEs Cabinet Secretary Simon Chelugui at Cooperative University of Kenya.

Will Ministry of Cooperatives be merged with another ministry in the upcoming changes?

Cooperative sector stakeholders are now waiting to see if the President Willaim Ruto will keep the Ministry of Co-operatives and Micro, Small and Medium Enterprises Development as standalone ministry or it will be absorbed by other ministries. This is after President dismissing all members of his Cabinet including Attorney General. Ruto announced that only Prime…

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Kisumu ASK Chairman George Ong’udi

President Ruto to preside over livestock auction in Kisumu this month

President William Ruto is expected to preside over a livestock auction at this year’s Agricultural Society of Kenya (ASK) Kisumu Regional Show, slated for July 24-28 at Mamboleo Showground. The auction, which is being held for the first time in Kisumu County, will be a key attraction at the regional show, which has attracted over…

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Machakos County Governor Wavinya Ndeti (in beige suit) with farmers in Mbiuni, Mwala where she launched the government's support to farmers in various cooperatives through the Emergency Locusts Response Fund on July 10, 2024. Photos by Stephen Muthini.

Machakos cooperatives receive support to improve marketing of farm produce

Four Saccos in Machakos County have received support from the county government through the Emergency Locusts Response Fund (ELRP) in order to improve on collective marketing of farm produce and increase access to savings and credit facilities. The four farmer producer organizations will receive an inclusion grant of KSH500,000 each through ELRP programme which today…

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Cabinet Secretary Ministry of Cooperatives and MSME Development Simon Chelugui

No coin of Hustler Fund has been lost, CS Chelugui says

Cabinet Secretary Ministry of Cooperatives and MSME Development Simon Chelugui has maintained that no money has been lost from Financial Hustler Fund. The CS who issued a press statement on Tuesday July 9 said the Ministry has all documentation in connecting with the loans issued through Hustler Fund. Auditor General Dr Nancy Gathungu had issued…

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Universal Traders Sacco Chair Fredrick Ngumbi during UTS Member Education Day in Tala, Machakos County. Photo Obegi Malack

Women asked to seek leadership positions in Saccos

Universal Traders Sacco Chair Fredrick Ngumbi has called on women to vie for positions in Saccos in the country. The chair who was speaking during UTS Member Education Day in Tala, Machakos County noted that apart from joining Saccos as members women should be in the frontline in vying for positions. He said Universal Traders…

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Faulu Bank

Faulu gets over Ksh900 million to grow digital, MSME banking

Faulu Microfinance Bank has secured more than KSh 900 million from its parent company, Old Mutual, to enhance its operations and revamp its business model for sustained growth. The company plans to utilize the funds to expand its digital banking services and to realign its distribution channels and human resources to promote sustainable growth. Faulu…

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John Chebochok

Uproar as candidate accused of sexual abuse elected director of tea factory

The United Kingdom (UK) Multinational James Finlay has written a letter requesting the removal of John Chebochok from his position as Director of Toror Tea Factory, a Kenya Tea Development Association (KTDA) factory. In a letter signed by Ben Woolf addressed to Enos Njiru Njeru, Wilson Muthaura of KTDA dated July 1, 2024 and seen…

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SACCO
Cooperative PS Patrick Kilemi

More than 18 million Kenyans have not joined cooperatives

The government is now aiming to have Kenyans embrace saving culture for betterment of their financial well-being. Cooperatives Principal Secretary Patrick Kilemi says more than 18 million Kenyans are not in cooperatives and the government is pushing to have them save the little they make through cooperatives. The PS says they are encouraging Kenyans to…

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