The Leading Newspaper for Co-operative Movement in Kenya
Ushuru Savings and Credit Co-operative Society has written off Sh5 million tied to its investment in the troubled Kenya Union of Savings and Credit Co-operatives (KUSCCO), underscoring growing risks in the cooperative sector. The impairment, disclosed in Sacco’s latest annual report, reduced the value of its KUSCCO shares from Sh15 million to Sh10 million. The…
The Savings and Credit Co-operative Societies (SACCOs) in Kenya might finally have a deposit protection fund(DPF) similar to that enjoyed by banks, 5 years after Kenya’s Cabinet approved amendments to the Savings and Credit Co-operative Societies (SACCO) Act, to make this happen. The fund proposed by the sector experts seeks to establish a deposit insurance…
Youth, including graduates from colleges and universities have been urged to embrace avocado farming to boost their lives. Kisii County Agriculture Deputy Director Nicholas Manyisa said avocado farming is lucrative and challenged youth to embrace it in order to boost their incomes and standard of living. Speaking at Kisii Agricultural Training Centre (KATC) during the…
Kisumu Senator Prof. Tom Ojienda SC has raised concerns over the growing prevalence of mobile money fraud, digital impersonation schemes and other tech enabled financial scams affecting Kenyans across the country owing to the rapid rise in adoption of mobile money and electronic banking. Rising pursuant to Standing Order 53(1), Senator Ojienda requested a Statement…
The Government is stepping up efforts to make agriculture more attractive and profitable for young people as part of a broader plan to address the aging farmer population and boost productivity. Speaking during the launch of Cohort Five of the Competency Based Education and Training (CBET) Programme in Horticulture Production at the Kenya School of…
Kenya’s agricultural exports to China will begin entering the market duty-free starting May 1, 2026, opening major opportunities for Kenyan farmers and agribusinesses. This was revealed by the Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe, after a meeting with Chinese Ambassador to Kenya Guo Haiyan. He said the move will mark the implementation…
In the world of loans and mortgages, borrowers often place valuable assets such as land, houses, or vehicles as security when seeking credit. While this arrangement helps individuals access much-needed funds, it also exposes them to the risk of losing their property if they fail to repay the loan. To prevent lenders from unfairly taking…
The Food and Agriculture Organization of the United Nations (FAO) and the European Union (EU) under the Digital Land Governance Programme, has officially launched the GIS Based Database Systems Implementation Guideline in Kisumu County. The launch according to the officials, marks a momentous journey towards digitization of the processes at the Council of Governors, the…
Busia County Governor Paul Otuoma has called on Faridi Deposit Taking Savings and Credit Co-operative Organization (DT SACCO) Limited to partner with the county government in developing a strategic business framework aimed at accelerating economic growth and improving livelihoods across Busia County. Speaking during the SACCO’s 49th Annual General Meeting (AGM) attended by 300 delegates,…
Mwalimu National Deposit Taking Savings and Credit Co-operative Organization (DT SACCO), Kenya’s largest SACCO by assets, has reported strong financial growth for the year ended 31 December 2025, with surplus rising significantly as the cooperative expanded its asset base, loan portfolio, and member deposits. The SACCO posted a 76.3% increase in surplus to Ksh 1.27…
