Co-operatives - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Beyond the Finish Line: The Rise of Iten Athletics Sacco

Sacco ReviewOctober 4, 202404 mins

Athletes in Elgeyo Marakwet have formed a sacco aimed with assisting them in managing their finances and investments. Iten Athletics Sacco comprises athletes and their coaches drawn from North Rift region. According to the sacco chairman Richard Kanda, the sacco has over 200 members calling for other athletes to join. He termed the move as…

Farmers in Kitui Receive Grants for Agriculture Projects

Sacco ReviewOctober 4, 202405 mins

The Kitui County government through the County Agriculture and Livestock Development Ministry is providing the inclusion grants to the farmers’ savings and credit cooperative societies across Kitui County. The grants are by the National Agricultural and Value Chain Development Project (NAVCDP). The county government rolled out the programme in the county recently where the ceremony…

ACCOSCA: Cooperatives Bill 2024 will change the sector positively

Sacco ReviewSeptember 30, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said that the Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the…

Co-operative University launches marketing platform for farmers, co-operatives

Sacco ReviewAugust 15, 202404 mins

Farmers in dairy, maize, and Irish potato co-operatives have a reason to smile after the Cooperative University of Kenya (CUK) launched a digital platform aimed at linking them with various markets and service providers. The two-and-a-half year project which is piloted by CUK in partnership with the government is funded by the African Development Bank…

Kilifi Co-operatives urged to embrace Good leadership

Sacco ReviewJuly 18, 202405 mins

Kilifi County Governor Gideon Mung’aro has called upon all co-operatives in the county to embrace good governance structures to instill trust in their members stating that his government will fully support co-operatives by putting in place relevant and required laws and policies. Speaking during this year’s International Co-operative Day locally known as Ushirika Day which…

Kajiado Cooperatives urged to learn from well-established Saccos

Sacco ReviewMay 15, 2024May 15, 202404 mins

Kajiado County Executive Committee Member (CECM) for Gender, Co-operatives, Culture, Tourism, and Wildlife, Janet Sereu has encouraged upcoming self-help groups and Saccos to enhance their governance by learning from well-established Saccos. The committee member who attended Ongata Rongai Muungano Women Housing Cooperative Society 5th Annual General Meeting in Ongata Rongai Kajiado North Sub-county noted that…

Chelugui: Gov’t to channel all resources via Co-operatives

Sacco ReviewSeptember 1, 2023September 1, 202307 mins

Cooperatives and MSMEs Cabinet Secretary (CS) Simon Chelugui has said co-operatives have been an important socio-economic development tool since independence, and thus the need to channel all resources through the sector. “We want to reposition our country in all sectors through the cooperative model for meaningful growth, including in the realization of the bottom-up economic…

County support will boost development of resident Saccos, expert says

Sacco ReviewAugust 21, 2023August 21, 202304 mins

The Co-operative movement in the country’s Western region can only register development if county governments put proper measures in place to support Saccos in their jurisdictions, seasoned co-operative expert Owuor Awuor has advised. Owuor, who is a long-time regional leader of the giant Ushuru Sacco, observed that most co-operative societies in the region are not…

Co-operatives set for a dividend bonanza from Co-op Bank’s Ksh8.8B cash dividend payout

Sacco ReviewMarch 29, 2023March 29, 2023011 mins

By Felix Wanderi Co-operative Bank board of directors has recommended a dividend of Ksh 1.50 per share, subject to approval by the regulators and shareholders. Co-op Bank Group CEO Gideon Muriuki said the proposed dividends represent a 50 per cent increase on the Ksh 1.00 per share paid out last year. He added that the bank will pay out a…

Co-operatives important wealth creators

Sacco ReviewSeptember 12, 201802 mins

By Boniface Mulu Kitui County Trade, Co-operatives and Investment Minister Philip Mumo has said that the co-operatives are an important and efficient instrument to create wealth and fight poverty. “They bring people together in a democratic and equal way and allow people to take control of their economic future,” the minister added. Mumo said that…