The Leading Newspaper for Co-operative Movement in Kenya
By Malachi Motano The Central Bank of Kenya (CBK), in its weekly markets bulletin recently reported that remittance inflows increased by 22.3 per cent to Sh34 billion ($315.8 million) as at May 2021, compared to $258.2 million in the same period last year, attributed to the higher flows from the US and Saudi Arabia. The…
By Malachi Motano Savings and Credit Cooperative Societies (Saccos) must now tap into all sectors of the economy following the government’s budget for the 2021/22 fiscal year. According to the Director of Cooperatives Banking Division at the Cooperative Bank Vincent Marangu, the country has opened up now and is witnessing many business activities opening up…
By Erick Nyayiera Jumuisha Sacco in Siaya County is the official intermediary of the Uwezo Fund in Bondo Constituency. Bondo Constituency Member Of Parliament Dr. Gideon Ochanda and his Uwezo Fund committee signed an agreement that will see the Sacco take over the administration of the Uwezo revolving Fund. The constituency Uwezo Fund committee had…
By Malachi Motano Uyoma Farmers’ Cooperative Society (UFCS) has secured Sh10m grant from the County government of Siaya to facilitate repairing of Madiany Cotton Ginnery in Rarieda sub-county. The ginnery stopped operations about seven years ago with more than 3500 farmers left with nowhere to sell their produce. Since then many farmers have abandoned cotton…
By Malachi Motano Everyday comes with its new challenges and opportunities. in the corporate world, the smart ones always get greener pastures as companies aim higher. The Sacco sector is not left behind, Sacco Review brings to you the monthly update on who? moved to where? in the Kenya’s Sacco sector KETSA gets new chairman…
Regional underwriter CIC Insurance Group, the market leader in providing insurance services to the co-operatives holds firm as the dominant player in the sector with significant control of the business. What keeps the company on track? The company’s Co-operatives Division General Manager Richard Nyekenogo shares with Malachi Motano of Sacco Review. According to the General…
By Tsozungu Kombe Women in Kwale County have been urged to cooperate fully and form Saccos to uplift their living standards. Speaking to Sacco Review in Kwale town recently, the acting Kwale county Cooperative Commissioner Mohammed Mkanga emphasized the importance of women forming Saccos in the county. He disclosed that the move would enable them…
By Gilbert Ochieng. For the past fifty years since the first rice crop was planted and harvested in 1969, the rice farmers at Bunyala rice scheme have been incurring huge losses amounting to millions of shillings as a result of the old fashioned manual harvesting method that had culminated into the spillage of rice during…
By Erick Nyayiera Operations at the Siaya Ufanisi Savings and Credit Cooperative Society Limited have been adversely affected as the County government is yet to release the over Sh4.4 million owed to the Sacco. The Sacco had been branded from the Bondo County Council Employees Sacco to cater for the staff being absorbed by the…
By Fredrick Odiero The department of Cooperative Development in Kisumu Central Kisumu County will soon organize training for stakeholders in the sector in order to enhance efficiency and compliance. Kisumu Central sub county cooperative officer Philip Akama further said that some of the beneficiaries of the training will be the over 300 Saccos in the…
