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Groups in Kisii get Sh.10 million from NGAAF.

Sacco ReviewDecember 21, 202302 mins

More than forty-six women and youth groups in Kisii County have received sh.10 million from the National Government Affirmative Action Fund (NGAAF). Speaking during the funds disbursement, Kisii Woman Representative Dorice Donya said the money is aimed at boosting table banking activities within the groups and providing economic empowerment to the members. During the cheque…

Kenya’s coffee products record exciting prices at NCE

Sacco ReviewDecember 20, 2023December 20, 202303 mins

The Cabinet Secretary, Ministry of Co-operatives and MSMEs Development, Simon Chelugui, has announced that Kenyan coffee products have recorded exciting prices on the Nairobi Coffee Exchange (NCE). “Today, we have received exciting news from the NCE, where Kenyan coffee products have attracted big interest across the globe, with some 32 companies now participating in the…

Women in Western Kenya Urged to Embrace Saccos

Sacco ReviewDecember 20, 2023December 20, 202303 mins

Women in the Western Kenya region have been encouraged to join and invest in Savings and Credit Co-operative Societies (Saccos) in order to succeed in economic empowerment. Speaking during the launch of Mulembe Women Congress Malava chapter held at friends’ church, Joseph Busiega, the chief of staff in the office of Prime Cabinet Secretary Musalia…

Mategwa Appointed To CDF-Canada Board of Directors

Sacco ReviewDecember 19, 202302 mins

David Sohelo Mategwa, the national chairman of Kenya National Police DT Sacco, has been appointed as a board director at the Cooperative Development Foundation of Canada Kenya office. Mategwa, who is also the vice chairperson of the African Co-operative Development Foundation (ACDF), will serve on the board for a period of three years. ACDF is…

SASRA, UTS Plant 3000 Trees To restore Iveti Forest

Sacco ReviewDecember 19, 202303 mins

The Sacco Societies Regulatory Authority (Sasra), in collaboration with the Universal Traders Sacco (UTS) and Netfund, yesterday planted 3000 indiginous trees in Iveti Forest in Machakos County. Sasra Chief Executive Officer Peter Njuguna and UTS CEO Dominic Mutunga led a joint team comprising Sacco members to plant trees at a site in the forest under…

Bandari DT Sacco Scoops Two Prestigious Awards

Sacco ReviewDecember 19, 202303 mins

Bandari DT Sacco has emerged as the recipient of two prestigious accolades at the recently concluded Mombasa Business Awards held last weekend. The Sacco was honoured with the esteemed title of “Best Sacco of the Year” and has also been recognized as “The Most Preferred Micro Finance Institution.” The fast-growing Sacco has an asset base…

Gold miners in Kakamega Central launch Sacco

Sacco ReviewDecember 14, 2023December 14, 202302 mins

Artisanal miners from Rosterman area have a reason to smile after Kakamega Central Miners Sacco was launched recently. The development is in line with the directive by the State Department for Mining that all artisanal mining activities be carried out through Saccos only. County Artisanal Mining Committee (AMC) Chairperson Chairperson Patrick Ligami said that the…

Chelugui urges dairy farmers to join cooperatives

Sacco ReviewDecember 14, 2023December 14, 202302 mins

The government has urged dairy farmers to form cooperatives to benefit from a larger market and increased income. While addressing the press in his office, Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui said that the lack of proper structures has been a hindrance to the assistance provided by the government. “By joining…

How Fintech is revolutionizing the Sacco movement in Kenya

Sacco ReviewDecember 14, 2023December 14, 202305 mins

According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…

Number of Sacco female employees on the rise, SASRA says

Sacco ReviewDecember 13, 2023December 13, 202305 mins

The number of female employees in regulated Saccos in the country has been steadily rising, surpassing that of male employees, SASRA’s Sacco Supervision Report 2022 has revealed. According to the Report, female employees in regulated Saccos account for 50.61% of the total employees with males accounting for 49.39%. It also reveals that within the DT-SACCOs…