Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
There is no secret that Savings and Credit Co-operative Societies (Saccos) across the world have been developed to meet the fundamental human need of finding a way of saving and borrowing methods to promote the economic interest of their members. They achieve this co-operative principle through the co-operative business model savings culture among members. The…
In a rapidly evolving digital business landscape, the financial sector the world over, including Savings and Credit Co-operative (SACCOs), faces unprecedented challenges and opportunities in equal measure. And with this digital transformation regime comes an increased risk of cyber threats and attacks. Indeed, cyber security is not merely an option for any cooperative formation, but…
Over 100 Micro and Small Enterprises entrepreneurs from Turbo Sub County, Uasin Gishu have been trained on business policies so as to empower them with knowledge on existing regulations and support services. The program manned by the Micro and Small Enterprises Authority (MSEA) aims to foster a more informed, compliant, and competitive MSME ecosystem in…
Trade is a major part of how the world works. Countries buy and sell goods and services across borders to meet needs, support industries, and build relationships. But trade is not always free. Sometimes, governments place taxes on goods that come from other countries. These taxes are called tariffs. In the United States, tariffs have…
The Principal Secretary (PS) to the State Department for Micro, Small and Medium Enterprises (MSMEs) Development, Susan Auma Mang’eni, is in India for the three-day India Africa Business Conclave organized by the Confederation of Indian Industries. In an announcement made on her official X (formerly Twitter) account seen by Sacco Review, Mang’eni said that she…
Before I get to the core of this story, let me tell you about the amusing anecdote about a strange ‘doctor’ in the village where I grew up. I describe him so because some of the shenanigans he exhibited border on the absurd, if not criminal. You see Disco Matanga, for that was his name,…
By Our Reporter Forty per cent of the population of the Kenyan youth is currently unemployed. This was revealed by chairman of Parliamentary Committee on Trade, Industry and Cooperatives Development Kanini Kega . He said the problem has remained unresolved for many years and is ever growing. Kega was speaking during the official opening of 3rd…
By Munene Maina Muki Savings and Credit Cooperative Society, a fast growing rural based Sacco in Kinangop, Nyandarua County, is a story that began with the sowing of small but well-selected seed that blossomed into an inspiring co-operative. Muki’s phenomenal growth has been a tale of humble beginnings using members’ own savings, and using members…
By Enock Okong’o The Kisii Youth Bunge Sacco has entered an agreement with United States Agency for International Development and Kenya Union of Savings and Credit Co-operatives aimed at benefitting more youths in the county. USAID Triangular Institute will train youths who never went beyond Form Four to acquire skills that will enable them to…
By Joseph Mukubwa Nyeri matatu Saccos have complained over unfair competition from rivals. This has led to a situation where these matatu operators are losing out on their daily earnings as fares fall even with an increase in the cost of fuel. “It is now survival for the fittest for us while commuters are celebrating…
