Uncategorized - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Co-operative University launches marketing platform for farmers, co-operatives

Sacco ReviewAugust 15, 202404 mins

Farmers in dairy, maize, and Irish potato co-operatives have a reason to smile after the Cooperative University of Kenya (CUK) launched a digital platform aimed at linking them with various markets and service providers. The two-and-a-half year project which is piloted by CUK in partnership with the government is funded by the African Development Bank…

Farmers to face Ksh1m fine or jail for unlicensed ndengu farming

Sacco ReviewAugust 15, 2024August 15, 202403 mins

Kenyan farmers growing mung beans (Ndengu) without a license face a KSh1 million fine or jail if a new Bill before Parliament becomes law. Under the Mung Beans Bill, sponsored by Kitui County Senator Enoch Wambua, individuals are prohibited from marketing, processing, or engaging in large-scale trading of mung beans or their products without obtaining…

MPs calls for interventions to revive sugarcane farming

Sacco ReviewAugust 15, 202403 mins

Members of Parliament have called for urgent intervention to revive the ailing sugar industry in the country. In a debate in the National Assembly, the lawmakers highlighted the industry potential to create jobs and boost the economy. During the debate on a motion sponsored by Matungu MP Peter Nabulindo the lawmakers’ expressed deep concern over…

Kilifi Co-operatives urged to embrace Good leadership

Sacco ReviewJuly 18, 202405 mins

Kilifi County Governor Gideon Mung’aro has called upon all co-operatives in the county to embrace good governance structures to instill trust in their members stating that his government will fully support co-operatives by putting in place relevant and required laws and policies. Speaking during this year’s International Co-operative Day locally known as Ushirika Day which…

Will Ministry of Cooperatives be merged with another ministry in the upcoming changes?

Sacco ReviewJuly 11, 2024July 11, 202402 mins

Cooperative sector stakeholders are now waiting to see if the President Willaim Ruto will keep the Ministry of Co-operatives and Micro, Small and Medium Enterprises Development as standalone ministry or it will be absorbed by other ministries. This is after President dismissing all members of his Cabinet including Attorney General. Ruto announced that only Prime…

Coffee producers in Nandi to benefit from KSh60 million milling plant

Sacco ReviewJuly 4, 202403 mins

The Nandi County Government is establishing a coffee milling plant worth KSh60 million to facilitate the production and processing of the cash crop. According to Hillary Serem, the county government’s coffee milling plant will become operational later this month as electricity installation continues. The coffee milling plant will cater for the requirements of the cash…

Loss-making Home Afrika sells land, houses to clear loan

Sacco ReviewJuly 3, 2024July 3, 202405 mins

Home Afrika, a real estate company listed on the stock exchange, is selling some of its assets, including houses and land, in order to repay an outstanding loan of KSh79 million from I&M Bank. Home Afrika intends to sell six housing units from its Mitini Scapes Development, located along Kiambu Road and Lake View Heights in Kisumu. The purpose of this sale is to repay…

Sheria Sacco gets new Chairperson

Sacco ReviewMay 31, 202401 mins

Deputy Chief Justice and Vice President of the Supreme Court of Kenya Lady Justice Philomena Mbete Mwilu is now the new Sheria DT Sacco Chairperson. Justice Mwilu takes over from Justice Patrick Kiage. READ ALSO: Ufanisi DT Sacco gets new Accountant Sheria Sacco Society Ltd was formally registered in 1972 and it has witnessed a…

Boost for coffee farmers as Kenya signs MoU with US on collaboration

Sacco ReviewMay 29, 2024May 29, 202406 mins

The Kenyan government and the United States have signed Memorandum of Understanding (MoU) on cooperation and collaboration on the coffee value chain and other identified areas of mutual interest. The MoU between the Ministry of Co-operatives and MSMEs Development (Kenya) and National Co-operative Business Association NCBA-CLUSA (US) were signed during the US Kenya Business Forum…

Bread, M-Pesa hit in new KSh323 billion government tax plan

Sacco ReviewMay 13, 202402 mins

The National Treasury plans to introduce VAT on bread and increase excise taxes on M-Pesa, bank transfers and airtime as it seeks to collect an additional KSh323 billion in taxes in the next financial year. According to newly published Finance Bill Kenyans will pay 16 per cent value added tax (VAT) on bread at least…