Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Victor Ochieng’ Networking, also known as self-marketing or social-marketing, entails circulating in business functions on a social level to create a wonderful web of useful connections. The basic philosophy of networking is ‘living is giving’. The heartbeat of networking is people caring about each other. As Theodore Roosevelt put it aptly, ‘People don’t care how much…
By Benedict Ngetich The successful growth of most Saccos in Kericho and Bomet counties can be traced back to serious commitment by a few ambitious elders. Most of the prominent businessmen today in Kericho County started in a trade known as “Kipsigirio”, which is the use of donkeys to transport commodities. Others were pioneer teachers, while…
By Fredrick Odiero Stima Sacco Chief Executive Officer Gamaliel Hassan has expressed his Sacco’s commitment to give back to the society as part of their Corporate Social Responsibility (CSR). Speaking during the official opening of a major roundabout refurbished by the Sacco in Kisumu town, Hassan said his Sacco was keen on elevating the environment through…
By Fred Sitati In the recent past, the cooperative movement has lost two flagship cooperative institutions to the state through expropriation. These cooperatives are Kenya Cooperative Creameries (KCC) and Kenya Planters Cooperative Union (KPCU). KCC was renamed New KCC while KPCU was rebranded to New KPCU Ltd. The new effect of this change is that…
By Peter Otuoro National Council of Churches of Kenya (NCCK), has trained transport sector Sacco leaders in Nakuru County on the importance of peace and cohesion. NCCK South Rift Acting Regional Manager David Njuguna said it is only through peace that all transport sector Saccos can operate successfully and yield good returns. Addressing matatu and…
By Azael Masese The move by some Saccos to bar non-core members from elective positions has come under sharp criticism even as the Government seeks to enhance good governance in the entities. Most Saccos rebranded and opened the common bond to allow members from outside their traditional catchment areas to join the Saccos but didn’t…
By Fredrick Odiero Kisumu County is mulling over the merger of small and uneconomical cooperatives in order to harness their full potential. Chief Officer in charge of Co-operatives, Alphonse Ouya, said though the economic viability of the cooperatives straddles across many sectors, they are however not fully utilized. The sectors include rice, cotton, fish, and…
By Roy Hezron As Kenya joins the world in celebrating the International Co-operative Day, locally known as Ushirika Day, the National Co-operative Policy has restructured the co-operative movement in the country as part of sweeping reforms in the sector. Apart from the policy recognizing co-operatives as private business organizations, it has also proposed a new…
By Azael Masese Tembo Sacco celebrated its 50th anniversary, a period in which it braved a tough journey to cruise to a solid balance sheet and stable liquidity ratios. While marking the golden jubilee on June 17, 2022 at the EABL grounds, members recounted the tumultuous journey it took to be able to get a return…
By David Kipkorir Muki Sacco CEO Violet Ndungu and her Unisa Sacco Society Ltd counterpart Polly Gathoni Waweru are among four women across the world who were awarded the 2022 Global Women’s Leadership Network (GWLN) scholarship. The other two 2022 GWLN Scholarship recipients are Dorothy Mambulasa from Malawi Union of Savings and Credit Co-operatives Ltd….
