Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Savings and Credit Cooperative Societies (Saccos) across the country have been challenged to embrace innovation and technology. The Cabinet Secretary for Cooperatives and Macro Small and Medium Development Simon Chelugui noted that doing so will help Saccos to increase their accessibility and visibility. He was addressing the 9th Annual Sacco Leaders Convention Meeting in Mombasa…
The Cabinet Secretary for Cooperatives Simon Chelugui has led the Coffee Cherry Advance Revolving Fund (CCARF) sensitization and distribution campaign in Kiambu, Nyeri, Kirinyaga and Murang’a Counties. According to Chelugui, the Kenya Kwanza administration has initiated key administrative and legislative reforms geared towards restoring the coffee sector to its full glory. “Coffee is one of the…
Machakos Governor Wavinya Ndeti has appealed to the government to waive a Ksh603 million debt owed by coffee cooperative societies in the county. Governor Ndeti, who hosted the Cooperatives and MSMEs Cabinet Secretary (CS) Simon Chelugui during the launch of the Coffee Cherry Advance Revolving Fund in Kangundo on Tuesday, said that farmers in the…
The government has urged dairy farmers to form cooperatives to benefit from a larger market and increased income. While addressing the press in his office, Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui said that the lack of proper structures has been a hindrance to the assistance provided by the government. “By joining…
Harrison Kenga, a TukTuk operator based in Mombasa, was recently awarded a new Piaggio machine by President William Ruto. During the fund’s first anniversary, Kenga was named the top borrower of the Hustler Fund, having taken a loan of Ksh714, 000 so far. The President promised to buy him a TukTuk. Kenga started with a…
Co-operatives and Micro, Small and Medium Enterprises (MSME) Development Cabinet Secretary Simon Chelugui has revealed that the government is promoting the involvement of young people in the cooperative movement by encouraging them to form their own cooperatives or be incorporated into leadership of the existing Saccos. The CS lamented that despite their technological proficiency, young…
The Cooperative Bill 2023, recently approved by the Cabinet, will penalize employers who fail or delay to remit employees’ deductions from salaries to Sacco accounts within 7 days. The Bill proposes that employers who fail or delay to remit the deductions shall pay the amount deducted with compound interest accrued at a rate of not…
A team of top CEOs of Savings and Credit Co-operative Associations (SACCAs) drawn from across USA, Europe and Canada, who are in the country for the Inaugural ACCOSCA International CEOs’ Summit which ends on November 11, have called on Kenyan Saccos to strive to meet the needs of their members as a pivotal strategy towards…
The co-operative movement in Kenya is playing a vital role in the realization of the government’s Bottom-Up Economic Transformation Agenda. This is according to Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary (CS) Simon Chelugui, who praised the sector’s role in economic growth, alleviating poverty and advocating for social inclusion. Speaking in…
Cabinet Secretary (CS) for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Simon Kiprono Chelugui has urged cooperatives to invest in technology to tackle climate change, which is a drawback to the development of the cooperative movement. The CS said climate change has negatively affected the cooperative movement, hence the need to take bold…
