Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos await legal reforms that could unlock shared liquidity and cheque clearing access. Delays in the Cooperatives Bill are slowing efforts to strengthen governance and competition. Industry leaders say a unified payments and lending platform could boost deposits, loans and membership. Saccos offering Front Office Service Activity (FOSA) are losing ground to rival lenders. Parliament…
Youth are turning away from traditional cooperative marketing that fails to match their digital habits. Experts are pushing for cooperative education in schools to build interest and membership from an early age. Ageing leadership, limited digital adoption and control of key economic resources are shutting out younger members. The engagement of youth in cooperatives in…
Cooperatives CS Wycliffe Oparanya has told Migori coffee farmers to stop selling produce across county borders and tap the local market instead for better returns. Oparanya made the call while speaking in Suna West sub-county during an empowerment programme organised for local farmers. He said many Migori growers have been ferrying their coffee to neighbouring…
SCK is being urged to strengthen resilience amid rising competition. Government wants greater innovation and efficiency across Saccos. The push aims to protect members while expanding financial inclusion. SACCO Central Kenya (SCK) has been challenged to strengthen its financial resilience, improve shared services and embrace innovation to remain competitive as Kenya’s cooperative financial sector undergoes…
Kilifi Saccos receive Ksh30.5 million to expand farmer financing. Government links cooperative funding to new irrigation opportunities. Stronger Saccos are expected to improve market access and farmer incomes. Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has handed over Ksh 30.5 million to eight local savings and credit cooperative organisations (Saccos) in Kilifi County…
Youth remain largely unaware of Sacco benefits. CEO calls for cooperative education in schools. Digital marketing could attract more young savers. The low adoption of cooperatives as a means of investment and savings among young people in the country has been blamed on stakeholders’ poor marketing and educational programmes in the sector. To change the…
Xavier Lugaga urges members to prioritise long term wealth over short term spending. He says statutory reserves are key to strong and resilient Saccos. Lugaga calls on members to protect cooperative wealth for future generations There is a powerful biblical warning that should resonate deeply with every member of Kenya’s cooperative movement: do not sell…
Sacco members have raised concerns that the proposed delegate system could weaken their direct voting rights. Nation DT Sacco will vote on the system at a Special General Meeting on August 15 in Nairobi. The system requires Saccos with more than 5,000 members to use 150 to 500 elected delegates at general meetings. Sacco members…
Kenya’s agricultural export ambitions are facing a major financial hurdle as thousands of farmers, cooperatives and micro, small and medium enterprises (MSMEs) struggle to access affordable capital needed to take advantage of growing international demand. Despite the country’s strong agricultural base and expanding opportunities in overseas markets, many producers and small businesses remain unable to…
KNCCI and Co-operative Bank have expanded trade finance for farmers, cooperatives and MSMEs. The partnership will support export financing, market access and business growth. Plans are underway to scale financing to Ksh5 billion. Limited access to affordable trade finance continues to prevent thousands of Kenyan farmers, cooperatives and micro, small and medium enterprises (MSMEs) from…
