Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Co-operatives and Micro, Small and Medium Enterprises Development Cabinet Secretary Wycliffe Oparanya has called on savings and credit cooperatives (SACCOS) to take decisive action against rogue officials implicated in fraud and financial mismanagement. He warned that allowing such individuals to move freely between institutions undermines trust and stability in the cooperative sector. Speaking during a…
Co-operative societies have been warned against placing members’ savings in unregulated institutions, with the government saying the practice violates the law and exposes depositors to serious financial risk. The Commissioner for Co-operative Development, David Obonyo, said some societies are ignoring statutory safeguards by investing funds in entities that fall outside the country’s regulatory framework. In…
Data mining is extracting meaningful, significant, implicit, largely undiscovered, potentially beneficial patterns or knowledge from massive amounts of data. It is the series of steps to discover new, hidden, or unexpected ways in data Data mining is not just about understanding the past but also about preparing for the future. It helps businesses understand demand…
In discharging their mandate in line with the fifth co-operatives principle as published by the International Co-operative Alliance, co-operative institutions all over the world take the initiative of providing education and training for their members, elected representatives, managers and employees to enhance their capacity to effectively contribute to the development of their co-operative organizations. That…
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…
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…
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…
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 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 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…
