The Leading Newspaper for Co-operative Movement in Kenya
Tea growers in Kiambu County have every reason to celebrate following the announcement of the 2024/25 bonus payments by Gitwe Tea Factory. The announcement was made by the tea factory director David Muni Ichoho. According to Ichoho, the bonus allocations per kilogram of green leaf delivered will be as follows: Theta/Ndarugu Ksh 40, Kambaa Ksh…
Gucokaniriria Kihato Traders and Farmers Company Limited has undergone a major leadership shake-up after a Court-supervised Annual General Meeting (AGM) on 10th August 2023 elected new directors and struck out several long-serving officials. The Registrar of Companies has confirmed the registration of Jonah Mwangi Ichoya, Maina Nderitu Muthui, Susan Wanjiku Kamau, Peter Kiarie Kamau, Paul…
The SACCO Societies Regulatory Authority (SASRA) has sounded the alarm over a deepening non-remittance crisis that threatens the financial stability of Kenya’s regulated SACCOs. In its SACCO Supervision Annual Report 2024, the regulator revealed that employer institutions, many of them government-linked have failed to remit over Ksh 3.49 billion in member deductions, up from Ksh…
Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have solidified their position as Africa’s leading cooperative finance system and a rising global contender, according to the SACCO Supervision Annual Report 2024 released yesterday by the SACCO Societies Regulatory Authority (SASRA). The report, which tracks performance across regulated SACCOs, shows continued growth in membership, loan disbursements, and…
Cabinet Secretary (CS) for Co-operatives and MSMEs Development, Wycliffe Oparanya, has raised concerns over the misclassification of Transport Cooperatives as Savings and Credit Cooperative Societies (SACCOs), urging for a comprehensive review of their structure and regulatory oversight. Speaking during the official release of the Sacco Supervision Annual Report 2024, Oparanya noted that several entities operating…
The Co-operatives and MSMEs Development Cabinet Secretary, CS Wycliffe Oparanya have called for financial accountability, directing Sacco Societies Regulatory Authority (SASRA) and the Commissioner of Cooperatives to enforce strict oversight of audited SACCO accounts. Speaking during the SACCO Supervision Annual Report 2024 launch in Nairobi, CS Oparanya said such reforms is aimed at tightening financial…
In a resounding affirmation of the cooperative movement’s vitality, Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have shattered the Ksh 1 trillion barrier in total assets, cementing their status as a cornerstone of the nation’s financial ecosystem. The landmark achievement was unveiled by Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs), Wycliffe…
Agriculture and Livestock Development Cabinet Secretary, (CS)Mutahi Kagwe has officially launched the Orthodox Tea Trading Window at the Mombasa Tea Auction, signifying the Government’s commitment to enhancing the production and export of specialty teas. The 2,925 packages, which are equivalent to 91,798 kilos of Orthodox tea is the first of many that will see tea…
Former employees of the defunct Kenya Cooperative Creameries (KCC), who have spent almost three decades fighting for their unpaid benefits, have received renewed hope after the government committed to resolving their claims within a clear timeline. Appearing before the Senate Committee on Labour and Social Welfare on Tuesday, Cabinet Secretary for Cooperatives and MSMEs Development,…
Water and Sanitation Cabinet Secretary Eric Muriithi Mugaa and Principal Secretary for the State Department of Irrigation, Ephantus Kimotho have officially launched a Ksh 310 million irrigation project in Ugoti, Igembe South in Meru County, ushering in what residents hailed as a new era of prosperity. For years, farmers in the region have battled with…
