Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kakamega county Deputy Governor Ayub Savula has disclosed that the county will put up a tea factory in Shinyalu in line with their campaign manifesto. Speaking in an open forum on Public Private Dialogue (PPD), the deputy governor said the tea factory will help improve the livelihoods of farmers in the region. PPD aims to…
The Cabinet has approved the release of an additional Ksh4 billion for coffee farmers. It had earlier on released Ksh3 billion . This implies that farmers will now earn Ksh80 for a kilogramme of cherry from the current Ksh20 as an advance payment. To re-energise the Nairobi Coffee Exchange, the government will also search for better markets for…
16 groups within Kisumu Central constituency have received Ksh2.3 million from Uwezo Fund to boost their activities. Out of the group, 13 have been refinanced while 3 are new ones. Credit and loans officer Laban Mwangi noted that most groups repay their loans on time and urged them to continue doing so to enable others…
Gusii Coffee Farmers Cooperative Union (GCFCU) has joined the Nairobi Coffee Exchange (NCE) to auction its coffee directly to buyers, ending decades of dependence on brokers. The Union’s CEO Dr Robert Mainya urged coffee farmers and the public to visit the union on Tuesdays and watch how coffee is being sold at the auction. He…
A section of Gem residents have vowed to stop a mining company from forcefully evicting them from their ancestral land in order to pave way for the extraction of gold. Through a Community Based Citizen Forum, the residents accused the ministry of mining and local leaders of coercing them into leaving their ancestral land without…
Deputy President Rigathi Gachagua has revealed that coffee farmers will sell their produce directly to Starbucks, eliminating intermediaries. The DP said that the government is currently in discussions with Starbucks Corporation, the world’s largest coffee chain based in the United States, regarding a groundbreaking deal. “The collaboration is expected to revolutionize the coffee industry in…
Peter Gikonyo, the Chairman of the Nairobi Coffee Exchange (NCE), has revealed that five coffee marketers are set to showcase 6,369 bags of coffee at the inaugural sale of the 2023-2024 coffee crop. He noted that there will be 37,636 kilograms of pristine AA-grade coffee and 201,197 kilograms of AB-grade coffee. The chairman stated that…
Pomp and color marked the launch of Hazina Sacco satellite office in Siaya town meant to cater for the fast-growing clientele in the area. Sacco National Chairman Mr Evans Kibagendi said the management opted to make the Siaya office a fully-fledged facility after realizing the potential the area has. He revealed that the branch members…
The Kenya Bankers Sacco has officially opened a fully- fledged branch in Kisumu town to ensure ease of business and access to services for its members drawn from Nyanza and the larger Western regions. National Chairperson Vincent Chisaka said the new branch marks a serious turning point for the society since it will ensure efficient…
The growth of Saccos in Kenya has shown how important they are in providing affordable financial services and enabling easier access to savings and credit for members. Saccos have therefore impacted the economic growth experienced in Kenyan communicates. More often than not, we place a lot of emphasis on the achievements of the Sacco but…
