Top News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Agritech Leads AI Applications in Kenya, Reveals Report

Sacco ReviewJuly 19, 202405 mins

The adoption of cutting-edge Artificial Intelligence (AI) technology in Kenya is primarily focused on the agricultural sector. This includes the integration of machine learning to provide local farmers with data-driven insights aimed at optimizing productivity, as indicated by a recent report. According to the Global System for Communications Association (GSMA)’s ‘AI for Africa’ report, agriculture…

KDIC appeals court ruling regarding Ksh215 million premiums refund to Absa

Sacco ReviewJuly 18, 202405 mins

The Kenya Deposit Insurance Corporation (KDIC) has intensified its dispute with Absa Bank Kenya regarding a KSh215 million refund claim made by the bank, concerning purported over payments in statutory deposit protection fund premiums. The lender listed on the Nairobi Securities Exchange (NSE), filed a legal action against KDIC on October 14, 2023, requesting a…

Fertilizer imports decreased drastically this year, study shows

Sacco ReviewJuly 17, 202404 mins

The country’s fertilizer imports reduced by three- quarters ahead of this year’s main planting season with data from Kenya National Bureau of Statistics (KNBS) showing that approximately 143, 569.5 tonnes of chemical fertilizer were imported into the country during the first quarter of the year. The imports represented a 66.27 per cent decrease compared to…

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

Sacco ReviewJuly 12, 202407 mins

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…

Fired Cooperatives CS Chelugui speaks out

Sacco ReviewJuly 12, 202403 mins

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…

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

Sacco ReviewJuly 11, 2024July 11, 202402 mins

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…

President Ruto to preside over livestock auction in Kisumu this month

Sacco ReviewJuly 11, 202405 mins

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…

Machakos cooperatives receive support to improve marketing of farm produce

Sacco ReviewJuly 11, 202404 mins

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…

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

Sacco ReviewJuly 9, 202406 mins

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…

Women asked to seek leadership positions in Saccos

Sacco ReviewJuly 8, 202403 mins

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…