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

Limuru Dairy Farmers Cooperative posts good financial performance

Sacco ReviewNovember 4, 2024November 4, 202407 mins

The commissioning of the Extended Shelf Life (ESL) processing plant by Limuru Dairy Farmers Cooperative has led to the society posting good financial performance this year reflecting significant growth and solid management. According to George Njuguna, chairman of the board of the society speaking during the 60th annual general meeting held at the milk processing plant in…

Lamu County welcomes six new cooperative societies to boost economic development

Sacco ReviewOctober 24, 202404 mins

Some six cooperative societies have been registered in Lamu County by the Cooperative Development Ministry, Sacco Review has reliably established. Speaking to Sacco Review from Lamu town recently, Lamu County Cooperative Director, Mr. Paul Thauri revealed that the county is currently in the process of registering more Cooperative societies to enable county residents to join…

Cooperatives Bill 2024 will be the game changer in the cooperative Sector, ACCOSCA Director says

Sacco ReviewSeptember 25, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said 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 same…

As a Sacco member, are you aware of your obligations?

Sacco ReviewAugust 16, 2024August 16, 202408 mins

The growth of the Sacco sector in Kenya has shown how important they are in providing affordable financial services. They have enabled easier access to savings and credit for the middle and low-income segment for both household and enterprise development thus impacting the economic growth in both urban and rural areas. Many a time we…

Embrace technology to increase visibility, Chelugui advises Saccos

Sacco ReviewFebruary 27, 2024February 28, 202405 mins

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…

Hazina Sacco members told to focus on affordable loans

Sacco ReviewFebruary 26, 2024February 26, 202402 mins

Commissioner for Co-operative Development David Obonyo has challenged Savings and Credit Cooperative Organizations (Saccos) members to focus on getting affordable loans from their Saccos rather than high dividends. Speaking during the recently concluded Hazina DT Sacco Annual Delegates Meetings (ADMs) in Nairobi, he asked members to have long term investments through the Saccos, since co-operative…

Muka Mukuu Cooperative members urged not to sell their shares

Sacco ReviewJanuary 17, 2024January 17, 202403 mins

Muka Mukuu Farmers’ Cooperative Society members have been urged not to sell their shares as the Society’s fortunes have improved and are recovering steadily. Speaking while addressing them during their Annual General Meeting (AGM) at the Society’s grounds along Tala-Thika road, Chairman Dominic Nthwao said that they had revived stalled projects and there were others…

Top women’s cooperative in Rongai lauded after acquiring new building

Sacco ReviewJanuary 10, 2024January 10, 202403 mins

Kajiado County Executive Committee Member (CECM) for Gender, Culture, Cooperatives, Tourism and Wildlife Janet Sereu has commended Muungano Women Group Housing Cooperative for acquiring a new building in Ongata Rongai. Speaking during the meeting in Rongai, Sereu said that the group is among the best managed in the county and has been empowering women besides…

Ghanaian officials in Kenya to benchmark cooperative movement

Sacco ReviewDecember 11, 2023December 11, 202303 mins

Senior officials from the Government of Ghana, including representatives from the Ghana Co-operative Credit Unions Association (CUA), Ministry of Finance, and the Department of Cooperatives, are currently in Kenya to benchmark the country’s cooperative movement which is considered the largest in Africa. According to the 2022 Statistical Report by the World Council of Credit Unions,…

Fortune Sacco opens branch in Ongata Rongai

Sacco ReviewSeptember 26, 2023September 29, 202303 mins

Fortune Sacco has opened a new branch in Ongata Rongai, Kajiado County as part of its expansion plan. Kajiado County Deputy Governor Martin Moshisho commended the Sacco for focusing on improving the livelihood of Kenyans and assured them of the support from the county government. Sacco Chairman Mr Rufus Kamau noted that the opening of the…