The Leading Newspaper for Co-operative Movement in Kenya
The National Government has cut budget for agencies that provide cheap credit to youth and women. Affected agencies include Women Enterprise Fund, Uwezo Fund, Youth Enterprise Development (YEDF) and the Hustler Fund. A report by the Controller of Budget indicates that the National Treasury did not provide loans in the three months to end of…
Some women’s groups from across Kitui County have benefitted from water tanks, catering equipment, motorcycles, tents, and chairs worth millions of shillings, donated by the Kitui County Women’s Representative, Dr. Irene Muthoni Kasalu. The donation ceremony took place recently at Kauwi Primary School in Kitui West District within Kitui County. The Makueni County Women’s Representative,…
The Kenya Electricity Generating Company (KenGen) will embark on an ambitious plan to upgrade the Gogo electricity power plant in Uriri, Migori County, from its current 2MW capacity to 8.6MW. According to the company’s Managing Director, Engineer Peter Njenga, the project, guided by the Least Cost Power Development Plan (LCPDP), will increase the annual energy…
Aquaculture stakeholders have urged the government to urgently convene a consultative forum to address gaps in the Fisheries Management and Development (aquaculture) Regulations 2024. This comes after the Lake Victoria Aquaculture Association (LVA) obtained conservatory orders from the High Court to temporarily halt the implementation of the new regulations which were to take effect on…
Financial communication, which refers to the process of disseminating financial information to stakeholders such as investors, analysts, and the general public, is increasingly becoming an important aspect in the corporate world. It encompasses a wide range of activities, including the preparation and release of financial statements, investor relations, and financial reporting. It is important to…
The High Court has issued conservatory orders suspending the implementation of the Fisheries Management and Development (Aquaculture) Regulations 2024. This follows a petition filed at the Milimani High Court in Nairobi by the Lake Victoria Aquaculture Association (LVA) to contest the new regulations recently gazetted by Mining, Blue Economy and Maritime Affairs Cabinet Secretary (CS)…
The Ministry of Cooperatives and Micro, Small, and Medium Enterprises (MSME) Development has cautioned SACCOs against paying unrealistic bonuses, dividends, and interest, as such cash outflows could cause liquidity challenges if not properly managed. Through a circular sent to SACCOs by the State Department of Cooperatives, the Office of Commissioner David Obonyo stated that the…
The primary purpose of a Sacco is to serve the community in which it operates. This is based on the understanding that co-operatives are not-for-profit enterprises, as the majority of the profit goes toward fulfilling the social, economic, and cultural needs of the community in which they operate. It is obvious that when a co-operative…
The County Government of Nakuru has rolled out a program to digitize the business models of Savings and Credit Cooperative Organizations (SACCOs) to make their operations more efficient and transparent. County Cooperatives Chief Officer Kibet Kurgat said the County had initiated a training program for Sacco officials on the digitization of their operations, aimed at…
Nairobi City County Government has announced plans to upscale enrollment of members of Cooperatives and Savings and Credit Cooperative Organizations (SACCOS) in to the Social Health Authority (SHA) program. This strategic move is designed to boost health coverage for the city’s informal sector, which plays a pivotal role in Kenya’s economy. During a capacity building…
