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

Safaricom Investment Co-operative has new CEO, Churchill Winstones appointed

Sacco ReviewMay 8, 2024May 8, 202403 mins

Churchil Winstones Ochieng’ is the new Chief Executive Officer (CEO) of the Safaricom Investment Co-operative. Churchil who was appointed by the board to his new position was termed to be a person of vast leadership experience spanning for over 25 years in cash flow management, corporate development and brand management, product development, financial management, planning…

Nyakach coffee farmers benefit from 8,000 coffee seedlings

Sacco ReviewMay 6, 2024May 6, 202403 mins

Kisumu County is revitalising coffee farming to stimulate economic growth in the region. Recently, the Nyakach Cooperative Society farmers benefited from 8,000 coffee seedlings from the Agriculture Food Authority (AFA) in collaboration with the county government. The distribution of the seedlings to the farmers was spearheaded by the PS for Trade, Alfred Kombudo together with…

Women in Nyanza asked to join Saccos

Sacco ReviewMay 3, 2024May 3, 202402 mins

Maendeleo ya Wanawake Organisation has advised women in Nyanza to join savings and credit co-operative societies (Saccos). Speaking during Rachuonyo East Entrepreneur Sacco’s Annual General Meeting (AGM) in Kabondo Kasipul, chairperson Rahab Muiu and area MP Eve Obara told women that Saccos have many benefits including transforming livelihoods. “Saccos have improved the lives through the…

Why there is mismatch between proposed intergovernmental cooperative forum and defunct district committees

Sacco ReviewApril 26, 2024April 26, 202407 mins

One of the reform measures introduced by the Ministry of Cooperatives upon operationalisation of the Cooperative Societies Act, No 12 of 1997 was the creation of DCDCs vide a Commissioner’s Circular letter. This came in the wake of diminished donor funding to the sector due to what was infamously referred to as “donor fatigue”. The…

Public Investments Committee seeks answers on SASRA audit queries

Sacco ReviewApril 23, 2024April 23, 202402 mins

The National Assembly Public Investments Committee on Commercial Affairs and Energy met last week to examine the audited accounts of the Sacco Societies Regulatory Authority (SASRA) for Financial Years 2013/2014 to 2020/2021. The Committee led by Member of Parliament for Navakholo Constituency and Majority Party Whip at the Kenya National Assembly Emmanuel Wangwe cross-examined SASRA…

Government, FAO join forces to ensure foster food security, PS Raymond says

Sacco ReviewApril 22, 2024April 22, 202405 mins

The Kenya Government has entered into a partnership with Food and Agriculture Organization (FAO) in a move aimed at boosting food security in the country. The Principal Secretary (PS), State Department for Internal Security and National Administration, Dr Raymond Omollo said food and nutrition security is a subject that lies at the very heart of…

Harambee Sacco new shares offer seeks KSh4 billion for expansion

Sacco ReviewApril 19, 2024April 19, 202403 mins

Harambee DT Sacco has come up with share drive initiative to generate revenue of KSh4 billion to facilitate the expansion of the society in line with its strategic plan. All registered (both past and current) members of the Sacco are qualified to take part in the share drive. According to an information memorandum published by…

State keen on fulfilling affordable housing promise, DP Gachagua says

Sacco ReviewApril 16, 2024April 16, 202402 mins

Deputy President Rigathi Gachagua has said that the Government is committed to ensure the success of the affordable housing programme. He said the programme is enabling youth earn their daily bread and has also assisted in reducing cases of alcoholism and drug abuse. “The President is very clear on his intention which is for the…

400 farmers trained on modern farming in Narok West

Sacco ReviewApril 15, 202402 mins

Farmers in Ilmotiok Ward in Narok West, Narok County have undergone a rigorous training for one week which was sponsored by Kupanda2Grow Foundation, a Non-Governmental Organisation based in Netherlands. Over 400 farmers were taught on the modern farming techniques. READ ALSO: Study finds only 20 per cent of women are saving for retirement Area Governor…

Joy as land buyers in Thika receive title deeds after years of wait

Sacco ReviewMarch 5, 2024March 5, 202404 mins

Investors who bought land through a Thika based land firm, the Lesedi Developers Limited, have a reason to smile after the firm began issuing them with title deeds after years of wait. Following many days of court battles between the firm and investors over the former’s failure to issue them title deeds and alleged multiple…