Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya recorded increased domestic sugar output in the first quarter of 2024 to up to 485,802 tonnes by August leading to a drop in retail prices, the Agriculture and Food Authority has observed. According to a report by the food agency, there was a constant drop in production witnessed in April and May this year…
Kenya Development Corporation (KDC) has lent Ksh300 million in low-cost credit to Murang’a-based Amica Sacco for lending to farmers and micro-traders. The Sacco, which primarily serves farmers and small businesses, will provide loans ranging from Ksh7,000 to Ksh250,000 at a single-digit interest rate to meet working capital needs. The loans are funded by the Ksh8…
The Vice Chairman of the Artisanal and Small Scale Miners Association, Patrick Ligami, has urged the government to fund regional mining offices and deploy more staff, especially engineers and geologists to serve the sites. Ligami, while speaking to one of the local dailies yesterday, revealed that there are fewer staff than required in the 13…
The New Kenya Cooperative Creameries (KCC) risks a probe on its properties to determine if part could be sold to settle former employees’ outstanding dues. This comes after its management failed to attend the Senate Committee on Labour and Social Welfare meeting held yesterday to find a solution to the decades-long dispute over compensation for…
The Cabinet Secretary (CS) for Cooperatives and MSMEs Wycliffe Oparanya has backed the Uwezo Fund terming it a game changer in ensuring the reduction in unemployment rates and promoting inclusive economic development. The CS was speaking after meeting the Fund’s board members yesterday where he was briefed on current efforts being considered to enhance effectiveness…
The Government has called for responsible corporate governance in Saccos and accountability by leaders found culpable of financial irregularities. Principal Secretary for the State Department of Cooperatives Patrick Kilemi was speaking during the Nairobi SACCO Leaders’ Consultative Forum held by the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO), where he noted that the…
Nakuru County Deputy Director of Cooperatives George Ogallo has urged Saccos and cooperative societies to strictly adhere to rules and bylaws to ensure efficient service delivery to members. He made the remarks while addressing delegates during ACK Imani Talent Sacco Annual General Meeting (AGM) recently. The Director observed that Annual General Meetings are essential to…
The Nduluma Coffee Factory in Tharaka Nithi, recently promoted by the new Kenya Planters Co-operative Union (KPCU), achieved the top price at last week’s weekly coffee auction, with a bag of Grade AA coffee fetching Ksh46,562. The factory, a member of the Tharaka Coffee Growers’ Cooperative Society, has earned a strong reputation for producing high-quality…
Members of Parliament have instructed the New Kenya Co-operative Creameries (KCC) to halt milk supply to the State House and other government agencies that have pending bills worth Ksh184.3 million. This is after the New KCC Managing Director Samuel Ichura and Cooperatives Principal Secretary (PS) Patrick Kilemi appeared before the National Assembly Committee on Trade,…
Principal Secretary (PS) State Department for Agriculture Dr Paul Ronoh has revealed that the national government has distributed 100 mobile driers across the country to help minimize post-harvest losses. The PS speaking at Lulu Farm in Trans Nzoia County recently revealed that the county will receive 230 smaller driers on top of the 10 big…
