Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Dr Philip Munyao, a doctor in Matungulu constituency, has asked banks and micro -finance institutions to come up with schemes to motivate coffee growers in the region. Dr Munyao asked the financial institutions to train farmers on investment opportunities, saying that if there were regular forum organized by the finance institutions, the interactions would enlighten…
Coffee farmers have suffered a great deal after prices of their commodity dropped by almost half this year. At Kabare Coffee Farmers Co-operative Society Limited for instance, which is affiliated to Kirinyaga District Co-operative Union Limited, farmers were paid between Ksh72 and Ksh92 per kilogram, rates that were far much lower than last year’s of…
Chief Executive Officers (CEOs) of various Saccos have revealed why they are averse to lending to Small and Medium Enterprises (SMEs), top among the reasons being their lack of verifiable information. During this year’s National Cooperatives CEO’s Workshop in Mombasa organized by the Co-operative Bank, the Sacco heads decried lack of adequate information about SMEs…
Young traders in Embu County have been challenged to form or join Saccos to qualify and access loans to enable them upgrade to become entrepreneurs. Embu County Director of Cooperatives David Muriuki cautioned the traders against underestimating the financial resources they mobilized daily, further urging them to save at least Ksh20 daily. “Saving in Saccos…
The turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by New KPCU, a state corporation, elicited mixed reactions from those expected to benefit from the proposed interventions. A cursory assessment shows that the uptake of this facility remains way below expectations despite frantic efforts being made by industry players. I…
Stakeholders in the cooperative movement aired the major challenges facing the movement to Cooperatives & MSMEs CS Simon Chelugui and PS Patrick Kilemi. National Cooperative Housing Union (NACHU) National Chairman Francis Kamande lamented about the few housing units in the country. He revealed that Kenyan urban centres need about 2,500,000 housing units but there are…
Tharaka Nithi governor Muthomi Njuki has urged the youth to embrace coffee farming since it is more profitable than white collar jobs. Speaking during the closing ceremony of the three day Coffee Reforms Conference at Three Steers Hotel in Meru town, the governor urged the youth to stop wasting valuable time in search of white collar…
The Coffee Brewers Bar through their CEO John Muli has assured coffee buyers of quality coffee from Machakos county and urged them to sample coffee from the region. Speaking during the Agricultural Society of Kenya South Eastern Kenya National Show exhibition held in Machakos, Muli argued that coffee from Tala and Kangundo areas in Machakos…
The government has vowed to eradicate coffee cartels, improve marketing strategies and increase prices in an elaborate bid to revive the once vibrant sector. Deputy President Rigathi Gachagua said once cartels are eradicated and marketing and price improved, coffee production will automatically go up, leading to better returns to farmers, sufficient foreign exchange and vibrant…
Deputy President (DP) Rigathi Gachagua is set to preside over a three-day Coffee Stakeholders Conference in Meru town which officially kicks off on Friday morning. The conference which will be held at Three Steers Hotel will be graced by county governors, senators, MPs, MCAs, national government officials, farmers and coffee sector players who will come…
