Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Deputy Vice Chancellor Finance Planning and Administration at the Co-operative University of Kenya (CUK) and career cooperator Prof Esther Gicheru has called for mergers in the co-operative sector if better governance and management have to be achieved. In her presentation titled ‘The Contribution of the Cooperative Business Model in Development: Practices and Opportunities’ to the…
Greenland Fedha Limited, a subsidiary of Kenya Tea Development Agency (KTDA), has issued loans worth Ksh10 billion this year compared to the Ksh5 billion it disbursed to small scale tea farmers the year before. The high amount issued follows the company’s move to deep slash the interest rates in December 2021. Greenland Fedha Limited Chairman…
The New Kenya Planters Co-operative Union (NKPCU) has highlighted a number of ways in which coffee farmers can expand access to the international market, including market exposure through exhibitions to unlock the potential of the local industry. Giving his presentation on export marketing and farmer financing during the inaugural Cooperative Movement Stakeholders’ Annual Conference, NKPCU…
Sacco Societies Regulatory Authority (SASRA) has plans to create a framework that will see the National Treasury (NT) deducting funds directly from exchequer-funded entities to Saccos. SASRA Chairperson Jack Ranguma said county governments and their legislative assemblies, as well as public universities and tertiary colleges, have continued to top the list of defaulters of Sacco…
Residents of Nyanza region have been urged to form Savings and Credit Cooperative Societies to help them grow and have sustainable development. ICT and Digital Economy Cabinet Secretary Eliud Owalo said a Sacco will provide means for residents to invest and grow economically. Speaking to members of various women groups in Migori County during an…
Former Gor Mahia striker Achieng Jared has talked of the need to turn Gor Mahia Legends Welfare Group into a Sacco. His sentiments follow Information Communication and Technology Cabinet Secretary Eliud Owalo’s move to pump a seed capital of Ksh1 million into the welfare group for sustainability and to enable them undertake income generating projects. “A…
The financial landscape in Kenya is characterized by a diverse array of institutions like banks, insurance companies and Saccos that cater to the financial needs of individuals and businesses. At the heart of the effective functioning of these organizations lies the crucial element of professional management. This article explores the unique characteristics of banks, insurance…
Cooperatives and Micro, Small and Medium Enterprises Development Cabinet Secretary Simon Chelugui has urged SACCO leaders to attend the Annual Savings and Credit Cooperative Association Congress so as to exchange knowledge on cooperative policies and practices. Speaking during SACCO leaders’ consultative breakfast meeting on preparedness status for the 23rd SACCA congress organized by African Confederation…
Twelve suspects linked to the mysterious disappearance of Ksh166 million belonging to the Njiwa Sacco have been charged before the Kahawa Law Courts. Appearing before Senior Principal Magistrate Boaz Maura Obwewa, the suspects pleaded to 223 charges filed against them by the office of the Director of Public Prosecutions. Through their lawyers led by Danstan…
Some time back, I told you that we have been working on a honey processing business with my old friend Ole Gunia in Mavumbi town. Despite numerous setbacks, I am delighted to inform you that the business is up and running, thanks to the support of my better half Nectar and Ole Gunia’s zeal. Gradually,…
