Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
George Ombado has been re-elected ACCOSCA Executive Director for a second three year term. CAK said the re election reflects confidence in his leadership of Africa’s cooperative sector. Ombado will continue leading efforts to expand financial inclusion through Saccos across Africa. George Ombado has been re-elected Executive Director of the African Confederation of Cooperative Savings…
Farmers in Gatuura, Murang’a, have received certification to export avocados, mangoes and other horticultural produce to international markets. Farmers said the certification process required soil and water testing, farm inspections, documentation and audits, with some dropping out due to its complexity. Trademark Africa said 22 more farmer groups in Murang’a are pursuing certification, while farmers…
CS Wycliffe Oparanya urged investors and cooperatives to act on coffee sector reforms to revive Kenya’s coffee industry. The government has disbursed over KSh6 billion through the Coffee Cherry Advance Revolving Fund to support smallholder farmers. Oparanya said the Cooperative Societies Bill and other reforms will strengthen governance and boost the sector’s recovery. Cooperatives and…
Naivasha cooperatives urged to comply with sector laws to improve member services. Members encouraged to engage actively during education sessions and annual general meetings. Wabomba calls for transparency, accountability and regular audits to build member trust. Naivasha Sub-County Cooperative Officer Hanifa Wabomba has urged co-operative societies in Naivasha and Gilgil sub-counties to strictly follow the…
Meru cooperatives are seeking Ksh2.2 billion to clear debts and revive key agricultural sectors. The funding would support coffee, dairy, cotton, avocado and Afya Millers Cooperative. Meru Dairy plans to expand processing capacity and diversify into fish feed and flour milling. The cooperative movement in Meru County is appealing for Ksh2.2 billion to settle historical…
Govt targets raising coffee production from 50,000 to 150,000 metric tonnes by 2028/29. Ksh1 billion allocated to the sector, with Ksh4 billion released to clear cooperative debts. Farmers to receive faster payments as reforms expand coffee farming and strengthen cooperatives. The government has launched an ambitious coffee revitalisation programme aimed at tripling Kenya’s annual coffee…
KUSCCO and KRA will hold the second National Taxation Dialogue for Saccos on 30 and 31 July in Nairobi. The forum will address Sacco taxation, compliance and policy reforms. The dialogue aims to promote a fairer and more predictable tax framework for Saccos. The Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) will convene…
Nyeri County plans to establish a countywide SACCO for boda boda riders through a phased rollout from ward to county level. The SACCO aims to expand access to affordable financial services, promote savings, and support the growth of riders’ businesses. Nyeri County plans to establish a county-level Savings and Credit Co-operative Organisation (SACCO) for boda…
