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Taita Taveta receives mobile rice milling machines to boost rice production

Sacco ReviewFebruary 3, 2024February 3, 202405 mins

The national government has delivered mobile rice milling machines to rice farmers in Mboghoni, Taveta sub-county to boost the production of rice to over 60 tonnes per week. The Office of the President in conjunction with the county government of Taita Taveta undertook the project to empower rice farmers in the area to significantly increase…

EU donates solar driers worth Ksh1M to Malindi CBO

Sacco ReviewFebruary 2, 2024February 2, 202403 mins

The European Union (EU) has donated solar driers worth Ksh1 million to Mali Shambani Community Based Organization (CBO) in Malanga, Malindi sub-county to enable effective and efficient operations. Speaking to Sacco Review at the cassava processing flour plant recently, the CBO Coordinator Phillip Ndurya revealed that the EU also donated three water storage tanks –…

Govt to develop Ksh1.45B fisheries infrastructure in lake region counties

Sacco ReviewFebruary 2, 2024February 2, 202404 mins

The national government is set to revamp the fisheries infrastructure within the lake region counties at a cost of Ksh1.45 billion secured from the International Fund and Agriculture Development (IFAD). The funding channeled through the Aquaculture Business Development Programme (ABDP), will see 10 ultra-modern fish landing sites constructed in Busia, Kisumu, Siaya, Migori, and Homa…

Nyandarua county pledges to patronize Tower Sacco’s services

Sacco ReviewJanuary 31, 2024January 31, 202403 mins

Governor Kiarie Badilisha has pledged that Nyandarua County will patronize the services of Tower Sacco whenever they require financial assistance or consultation. Speaking during the Sacco’s 48th Annual General Meeting (AGM) in Ol’Kalou, Badilisha said that the Sacco appealed to him because they are customer-centred and register all customers regardless of their financial status. He…

Kisumu, Safaricom unveil system to ease payment for county services

Sacco ReviewJanuary 27, 2024January 27, 202405 mins

Kisumu County has partnered with Safaricom to unveil a new Integrated County Revenue Management System (ICRMS) to offer a one-stop platform for residents to access and pay for county services. Governor Anyang’ Nyong’o remarked that the automated system will not only enhance accessibility and transparency but also boost its Own Source Resource (OSR) collection. “With…

Govt asked to urgently initiate data privacy policies to protect Kenyans’ rights

Sacco ReviewJanuary 27, 2024January 27, 202404 mins

Cabinet Secretary (CS) for Information, Communications and the Digital Economy, Eliud Owalo, has said there is an urgent need for the country to foster a culture of data privacy as we navigate the intricate web of data-driven advancement. Owalo said that prioritizing data privacy allows organizations to secure the confidentiality, integrity and availability of personal…

Resurgence of digital lenders giving traditional Saccos a headstart

Sacco ReviewJanuary 24, 2024January 24, 202407 mins

The resurgence of digital lenders is giving Saccos a headstart as it poses a significant challenge to attract and retain the younger generations; Millennials and Generation Z. It is particularly made more difficult by their overall predisposition since many of them still operate in a traditional manual style at their physical branches. A 2022 SASRA…

Kisumu rolls out Ksh1.4B project to modernize slums

Sacco ReviewJanuary 24, 2024January 24, 202403 mins

Kisumu County has rolled out a Ksh1.4 billion project to transform slums into modern residential areas after it qualified for the second Kenya Informal Settlements Improvements Project (KISIP 2) funded by the World Bank. The slums set for the upgrade are; Nyalenda, Obunga, Manyatta, Migosi, Nyawita, Kaloleno, Shauri Moyo, Kibuye and Muhoroni Governor Anyang’ Nyong’o…

Kericho coffee farmers decry inequality in distribution of coffee revolving fund

Sacco ReviewJanuary 20, 202404 mins

Coffee cooperative societies in Kericho County have called for fairness and equality in the distribution of the Coffee Cherry Advance Revolving Fund (CCARF). Speaking in Fort Ternan during a coffee stakeholders’ forum, Chairman of Kipkelion Coffee Mill Mathew Bore complained of systemic inequality in the distribution of the revolving fund, claiming that societies which supplied…

Hazina Sacco opposes introduction of levy on non-withdrawable Sacco deposits

Sacco ReviewJanuary 18, 2024January 18, 202404 mins

Hazina Sacco Chairman Evans Kibagendi has opposed the introduction of a levy on cash deposits held by Non-Withdrawable Deposit-Taking Saccos by the Sacco Societies Regulatory Authority (SASRA) beginning January 2024. Kibagendi will greatly affect the revenue of Saccos as a whole, and the savings of individual members who are ideally the owners of the Saccos….