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CS Oparanya calls for actionable ideas to propel Kenya’s Cooperative Movement forward

Sacco ReviewNovember 25, 202404 mins

Cabinet Secretary for the Ministry of Cooperatives and MSMEs Development, Wycliffe Oparanya, has urged cooperative movement stakeholders to come up with actionable ideas to propel the cooperative sector forward. Oparanya, who was addressing the cooperative movement stakeholders during the 3rd Annual Cooperative Movement Stakeholders’ Forum held from 18th to 22nd November 2024 in Naivasha, said…

CS Oparanya instructs Commissioner for Coops Development to develop Dividend Policy

Sacco ReviewNovember 25, 202403 mins

Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya has instructed Commissioner for Cooperatives Development to develop a Dividend Policy for Cooperatives that will ensure that no cooperative borrows to pay dividends. The CS who was speaking in Nairobi during the launch of the strategic plan 2023-2027 for new Kenya Planters Cooperative Union (KPCU) said the…

SACCOs thriving today, but are they ready for tomorrow?

Sacco ReviewNovember 25, 2024012 mins

Savings and Credit Cooperative Organizations (SACCOs) have long been heralded as engines of financial empowerment, particularly in underserved and emerging markets. They provide a lifeline for millions by offering affordable credit, encouraging savings, and promoting economic inclusion. Yet, like any other financial or corporate institution, SACCOs are not immune to the inherent cycles of growth,…

Over 100 boda boda riders begin professional training in West Pokot

Sacco ReviewNovember 13, 202403 mins

More than 100 Boda Boda riders have been enrolled for a driving course upon which they will graduate as professional riders after three months of continuous training at Mnagei Driving School in West Pokot County. Speaking during the inauguration of the course, the West Pokot women representative, Hon Rael Aleutum, asked the drivers to work…

ACCOSCA, ACDF convene 2nd International CEOs’ Credit Union Summit in Africa

Sacco ReviewNovember 13, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) in close collaboration with the Africa Co-operative Development Foundation (ACDF) held 2nd International CEOs’ Credit Union Summit in Africa. The selected global Cooperative business leaders convened in Zimbabwe, Botswana, and Zambia to unpack strategies to foster the growth and development of SACCOs in Africa. The leaders…

Governor Lusaka unveils plans to restructure cooperatives for improved farmer support

Sacco ReviewNovember 13, 202403 mins

Bungoma Governor Kenneth Lusaka has revealed plans to restructure cooperative societies to boost their efficiency and allow them support farmers more effectively. Speaking at a burial ceremony in Kabuchai constituency, Lusaka underscored the critical role that cooperatives play in empowering the local farming community and lifting the region’s economic prospects. “Cooperative societies are the lifeline of farmers’…

Saccos should prioritize people over products in a changing financial landscape

Sacco ReviewNovember 12, 2024012 mins

In recent years, Savings and Credit Cooperative Organizations (Saccos) have become increasingly vital to the financial wellbeing of many Kenyans. They have allowed individuals, families, and small businesses to access credit, grow their savings, and benefit from cooperative economic models that prioritize mutual success over pure profit. However, as Saccos continue to evolve and introduce…

Sugar industry set for radical reforms as President Ruto assents to Sugar Bill

Sacco ReviewNovember 12, 202406 mins

Stakeholders in the sugar industry have lauded President William Ruto for assenting to the enacted sugar bill. They noted that the move now paves the way for radical reforms in the sugar sub-sector which has been limping for many years. Kenya Union of Sugar Plantation Workers (KUSPAW) secretary general Francis Wangara said the Act will…

KISIP 2 revitalizes Kisumu’s informal settlements with infrastructure and market development

Sacco ReviewNovember 12, 2024November 12, 202405 mins

Six informal settlements in Kisumu County have received a major facelift following the rollout of the second Kenya Informal Settlements Improvement Project (KISIP 2) program. The projects, among them roads, markets, storm water drainage, solid waste management and street lighting, have opened up the slums enhancing access to basic infrastructure and land tenure security. Kisumu…

Kenya Breweries explores resumption of full production at Kisumu plant

Sacco ReviewNovember 11, 202404 mins

East Africa Breweries Limited (EABL) through its subsidiary Kenya Breweries Ltd (KBL) is now exploring whether its Kisumu plant can resume production of other brands. The Kisumu plant has been producing Senator Keg since it was officially reopened in 2013 by former President Uhuru Kenyatta. Mark Ocitti, the Managing Director of Kenya Breweries Limited, said…