Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Directorate of Livestock Policy and Regulations representative Dr. William Akwimbi has expressed optimism that law and order will be restored in the Ministry of Agriculture and Livestock following the development of seven regulations to promote livestock production. Speaking in Kisumu during a public participation drive attended by stakeholders from Nyanza and Western regions, Dr. Akwimbi…
Tea farmers from Embu county have been trained on diversified farming methods which include planting fruit trees and food crops in a single field as well as livestock and aquaculture farming as a means to achieve food security and financial security. The training was courtesy of Daima Sacco. Speaking at Kigari Teachers Training College, Sacco…
Small rural based enterprises, especially women groups in Embu county, have appealed for help from various experts in the cooperative movement to help them create ecofriendly products. One such enterprise is Kiritiri Kwimenya Self Help Group which makes eco-friendly Kiondo bags from sisal fibre. The bags are mainly sold through barter trade with maize growers…
Cooperative movement stakeholders are expected to attend a three-day inaugural Cooperative Movement Stakeholders Annual conference scheduled to be held in Mombasa between June 13-15, 2023 to discuss the progress and achievements of the movement in Kenya. The conference, whose theme will be ‘Cooperative Business model for Socio-economic Transformation, will focus on how various sectors of…
President William Ruto has officially launched the second phase of the Financial Inclusion Fund (Hustler Fund) that targets registered groups. Speaking in Embu town during the 60th Madaraka Day celebrations, the president said the groups can qualify for loans up to millions of shillings. He pointed out that the groups will be used as collaterals…
Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO) has rejected the provisions of the controversial 2023/2024 finance bill, arguing that its implementation has far reaching consequences in the operations of Saccos. Through a memorandum dated May 22, 2023 and received by the national assembly, the union noted that issues contained in the Finance Bill…
By Ben Oroko The group lending model has increasingly become popular among Saccos and Micro-Finance Institutions (MFIs) in recent years. This is largely based on its ability to leverage on joint liability and increased loan repayments while promoting entrepreneurial spirit among borrowers. Group lending methodology is a unique financial service for low income entrepreneurs. To…
By Our Reporter As Public Participation on the contentious Finance Bill, 2023/24 enters homestreach, I am not certain whether the cooperative sector has submitted any Memoranda on behalf of the 15,000-strong membership. To the best of my knowledge, the cooperative sector hasn’t affiliated to KEPSA; yet that is where it rightfully belongs as part of…
By Agnes Orang’o Komarock bus park is yet to be functional four years after Komarock Housing Society handed it over to the Machakos county government. The society chairman Benard Maembe expressed worry that the sh 50m bus park is wearing off when it could solve transport problems facing the area. Maembe told Sacco review that…
The government plans to revive agricultural extension services through the Agricultural and Livestock Extension Services Bill, 2022, which when passed into law, will establish the Agricultural and Livestock Extension Service (ALES). The corporate body will be mandated to enhance the competitiveness of the agriculture and food industries and increase their long-term productivity. It doing this,…
