March 18, 2025
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Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

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Co-op Bank Group Managing Director and Chief Executive Officer (CEO) Dr Gideon Muriuki

Saccos set for KSh5.7 billion dividend bonanza from Co-op Bank’s KSh32 billion profit haul

Sacco Review05 mins

Savings and Credit Co-operatives (Saccos) will this year receive Ksh5.7 billion in dividend after Co-operative Bank of Kenya announced profit before tax of Ksh32.4 billion for Full Year 2023 as it prepare to have its virtual Annual General Meeting (AGM)  on May 17, 2024. This will be the same level of dividend paid to Saccos…

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KUCCCO Acting CEO , Arnorld Munene addressing the Sacco leaders at Whitesands hotel in Mombasa.

KUSCCO warns Saccos against declaring unrealistically high dividends

Sacco Review05 mins

The country’s Sacco umbrella body, Kenya Union of Savings and Credit Co-operative (KUSCCO), has warned the entities against declaring unrealistic dividend payouts in a bid to retain membership. Speaking during Imarika Sacco’s Annual Delegates Meeting (ADM) in early March at Travellers Beach Hotel in Mombasa, KUSCCO Acting Managing Director Arnold Munene noted that it is…

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Windfall for Sacco members as huge dividends, rebates are paid in 2024

Sacco Review05 mins

It is a windfall season for active members of Saccos as their societies announce surprisingly high dividends at their Annual General Meetings (AGM) even as the multi-billion sub-sector employs different strategies to improve their services. The high dividend payments, which have given tidy returns to shareholders, come as a relief as they will be crucial…

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CS for Cooperatives Simon Kiprono Chelugui (third right) with his PS Patrick Kilemi (second right), Eva-Ngigi-Sarwari, Country Manager of Visa Kenya and George Ombado Director of ACCOSCA (left) during launch o Financial Inclusion in Kenya and Tanzania (FIKT).

ACCOSCA partners Visa to allow access to formal financing for unbanked populations

Sacco Review04 mins

The African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) has partnered with VISA to launch Financial Inclusion in Kenya and Tanzania (FIKT) project to  improve access and usage of formal financial services among underserved communities and small businesses. The project aims to leverage the strength of the Sacco sub-sector in Africa and the Visa…

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Kenya to partner with Zambia for growth of Cooperatives.

Kenya to partner with Zambia for growth of Cooperatives

Sacco Review02 mins

Principal Secretary State Department for Co-Operatives Patrick Kilemi has said the Government of Kenya will partner with Zambia’s to improve the growth of cooperatives in the country. The PS who attended a two-day Zambia’s inaugural National Conference on Micro, Small and Medium Enterprises (MSMEs) and Cooperatives in Lusaka, Zambia said the cooperation will enhance and…

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Gusii Youth Bunge Sacco Chairman Asha Moronya addresses the press after the Sacco's Annual Delegates Meeting at Kisii Agricultural Training Centre. Photo: Emmanuel Gwakoi

Gusii Youth Bunge restructures loans to ease members’ burden

Sacco Review04 mins

Gusii Youth Bunge Savings and Credit Cooperative Society chairman, Asha Moronya has said the society restructures members loans to ease their burden. Members, notes the official have challenges repaying loans owing to global economic recession and it is necessary for the management to assist them. “We restructure their loans and support them repay the loans…

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Narok Governor Patrick Ole Ntutu awards certificate to one of the farmers who had a undergone one-week training. Photo courtesy

400 farmers trained on modern farming in Narok West

Sacco Review02 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…

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Study finds only 20 per cent of women are saving for retirement

Sacco Review06 mins

Old Mutual has launched its latest Financial Services Monitor, which offers invaluable insights into the financial behaviours and attitudes of Kenyans, with a particular focus on women. Old Mutual Women’s Network Patron Anne Nyamu said the second edition of the Old Mutual Financial Services Monitor (OMFSM) provides a comprehensive analysis of the Kenyan economy, highlighting…

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Programme to boost SMES in training, linkages and financial access launched

Sacco Review04 mins

Over 1500 Small and Medium Enterprises (SMEs) from across the country are set to receive a boost in financial literacy training, market linkages, business networking and financial access through a newly launched empowerment programme. The Inua Biashara programme brings together financial institutions, media houses, the national chamber of commerce and industry as well as learning institutions;…

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Kakamega County Governor Fernandes Barasa

Governor Barasa rejects new sugar sector payment system

Sacco Review02 mins

Kakamega County Governor Fernandes Barasa, has taken a firm stance alongside other leaders in Western Kenya against the newly introduced sugar tax payment system. The directive mandates farmers to present e-TIMS invoices for every cane delivered to factories before receiving payment, a move vehemently opposed by governor Barasa and his allies. The Kenya Revenue Authority…

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