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

Small co-operatives to reap big in affordable housing projects, says PS

Sacco ReviewJanuary 3, 2024January 5, 202402 mins

The government will use small-scale mining cooperatives to supply construction materials for the affordable housing projects across the country. Mining Principal Secretary (PS) Elijah Mwangi said that his department has signed a Memorandum of Understanding with the Housing Department for the miners to provide over 60 percent of the materials required for the projects. Speaking…

Hustler Fund to increase loan limits for loyal borrowers

Sacco ReviewNovember 30, 2023November 30, 202303 mins

President William Ruto has announced that the loan limit for committed Kenyans patronizing the Hustler Fund scheme will be increased. Speaking during the first anniversary celebrations of the Fund, the President said that the limits will be adjusted based on the frequency of borrowing. “Those who have borrowed 10 times will see their limits increase…

Governor Bii vows to support, bolster Jua Kali saccos

Sacco ReviewNovember 30, 2023November 30, 202303 mins

Uasin Gishu Governor Jonathan Bii has made a commitment to assist Jua Kali Saccos in strengthening and expanding their businesses. Bii emphasized the importance of the sector in the country’s economy, highlighting its crucial role in creating jobs, providing opportunities for self-employment and making a significant contribution to poverty reduction and wealth creation. “Jua Kali…

Directors urged to adhere to laws to ensure smooth running of Saccos

Sacco ReviewNovember 27, 2023November 27, 202302 mins

Saccos’ Boards of Directors across the country have been urged to adhere to their by-laws and the country’s laws to ensure the provision of quality services to members. Nakuru East Sub-County Director of Cooperatives Alex Muchemi regretted that majority of Sacco boards are flouting laws and regulations that are meant to protect members’ savings and…

How rise of Airbnbs led to slow death of traditional hotels

Sacco ReviewSeptember 27, 2023September 28, 202304 mins

Since the inception of Airbnbs in 2008, traditional hotels have continued to registered low to almost no profits. AirBnBs have gained popularity among travelers who are in search of affordable accommodation, convenient locations, and the comforts of home. Linnet Wanjugu Murage, the owner of the Hamptons Apartment in Nyeri county, said holiday homes have rapidly…

Opinion: Coops need to look beyond Ushirika Day

Sacco ReviewAugust 9, 2023August 9, 202307 mins

The recently held Ushirika Day marked a significant milestone in celebrating the accomplishments of Kenyan cooperatives. However, the future of cooperatives lies in their ability to adapt, innovate, and collaborate. The day, celebrated annually on the first Saturday of July, is a significant event that highlights the importance of cooperatives in the country’s economic development….

Kericho avocado farmers form cooperative society to fight cartels

Sacco ReviewJuly 27, 2023July 27, 202305 mins

To ward off unscrupulous cartels that have permeated avocado industry and made themselves a bargaining chip, farmers from Kericho county have formed a cooperative society. Kericho Avocado Farmers Cooperative Society was presented to the registrar of companies last year by the farmers as an umbrella body to collectively market their produce and enhance productions for…

How Universal Traders Sacco boosted couple’s printing business

Sacco ReviewJuly 8, 2023July 8, 202304 mins

Michael Ochieng and his partner Esther Omcheni have co-owned Afritech, a print media investment since 1997 but the fortunes improved after the joined Universal Traders Sacco (UTS). They shared with this writer the sweet journey they have walked with UTS since they became members. “I came to know of the Sacco through one of its…

2023 is an opportunity for Saccos to diligently serve members

Sacco ReviewJuly 6, 2023July 6, 202306 mins

2023 has presented an opportunity for cooperatives to renew themselves for business. At the beginning of this year, they looked back and evaluated on whether or not they achieved all the set goals in the previous year. They try to come up with well researched solutions to avoid having a repetition of unproductive strategies. Most…

Women Rep outlines strategies to revitalize county’s agriculture sector

Sacco ReviewJuly 6, 2023July 6, 202303 mins

Kisumu county Woman Representative Ruth Odinga has outlined plans aimed at revitalizing agribusiness in the region. Odinga indicated that her action plan in the agriculture sector begins with training agricultural extension officers who will in turn train farmers on the entire agricultural value chain; including sustainable agricultural practices. She added that she will also prioritize…