Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Cooperative Bank of Kenya has been ranked the best for demonstrating sustained commitment to driving a positive impact on the environment through sustainable lending practices. The bank, for the fourth time in six years, has scooped the Top 2023 Overall Sustainable Finance Catalyst Award, confirming its commitment to financial sustainability. The results were released…
Deputy President Rigathi Gachagua has announced that the government will release the coffee cherry revolving fund to farmers soon. He said the government has allocated Ksh4 billion, adding to the Ksh2.7 billion that was earlier allocated, assuring that the government is committed to restoring the glory of the sub-sector as was in the 1980s. “The…
The Ministry of Co-operatives and MSMEs Development has allocated Ksh500 million to Kenya Co-operative Creameries (KCC) to purchase excess milk after a dairy boom following the heavy rains being experienced across the country. While addressing the press in his office, Cabinet Secretary (CS) Simon Chelugui announced that the funds will be immediately disbursed to KCC…
Technological advancement is fast-shaping operations and performance in the Sacco and wider financial and banking sector, lessening inconveniences and the high cost of opening and running physical branches. A spot check by Sacco Review has established that more Saccos prefer mobile banking to agency banking due to convenience for members and more profit to the…
Simon Chelugui, the Cooperatives and MSMEs Development Cabinet Secretary (CS), has released a report which indicates a steady growth in the Sacco industry for the past one year. Chelugui said that all the 360 Saccos regulated by the Sacco Societies Regulatory Authority (SASRA) have seen tremendous growth in assets, deposits, loans, and capital from November…
Nakuru County Chief Cooperative Officer Kibet Kurgat has urged Sacco officials to market their products and services more aggressively and initiate campaigns to create awareness in order to increase membership. The Officer said that new members will join the Saccos only if they understand the benefits in store for them. Kurgat, who was speaking at…
Agriculture Cabinet Secretary (CS) Mithika Linturi has said that the government is committed to supporting dairy farmers to boost their production. Linturi was speaking on Thursday where he presided over the launch of the Kenya Dairy Sustainability Roadmap 2023-2032, which seeks to leverage modern technology and climate-smart approaches to boost the dairy sector, aiming to…
Nayopo Sacco has initiated a mass recruitment of members in Naivasha sub-county and its environs. Speaking during the Sacco’s Education Day held at AIC Technical Institute in Naivasha town, Chairman Simon Njuguna said that the Sacco provides affordable services and loan products which can assist members to fulfill their financial obligations. “The mass recruitment of…
Kiambu Governor Kimani Wamatangi has promised to support Boda boda operators in the county to start their own petrol station and a spare parts shop that will import their stock directly from China. “The population of Boda boda riders is five times that of matatu operators, and therefore their contribution in terms of the fuel…
Farmers around ATC Kwakathoka area, Makueni County have been encouraged to take advantage of a new institution launched recently and plant more food to cater for the incoming students. Speaking during the official opening of Kwakathoka Training Vocational College (TVC), which will focus on pure agriculture programmes, the CECM for Agriculture Joyce Mutua also asked…
