Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Experts and other stakeholders in the cooperative movement have been challenged to offer professional guidance on prudent financial management to start-up groups to ensure such units mature to Saccos and Cooperatives. Former Commissioner of Cooperatives Geoffrey Njang’ombe argued that when well equipped with skills and funds management skills, the groups have the potential of expanding…
Garissa County Cooperative Officer Samuel Karanja has made a passionate appeal to youth and women in the area to form cooperative societies in order to uplift their living standards. He added that his office will soon embark on countywide campaign to popularize the cooperative movement. ‘’My office is ready with all the necessary assistance for…
Nyeri County government will train all cooperative society officials to enhance prudent management in the sector. Governor Mutahi Kahiga said the training will be done annually. “We shall be getting all the board members from coffee, milk cooperatives and Saccos among others and train them so that their management and governance skills are enhanced,” he…
A cooperative society baseline survey conducted recently found that many Saccos have no websites, email addresses and other digital assets, resulting in the low level of digitization in cooperative societies governed by the State Department of Cooperatives (SDC). Earlier on, the SDC engaged in a campaign urging co-operative movements notably the Saccos to go digital…
Former State Department for Cooperatives Principal Secretary Ali Noor Ismail is a happy man. He says that the cooperative sector achieved a lot during his tenure. “I was appointed as the PS under the Jubilee Government in Labour and later on at the State Department for Cooperatives in 2015,” he says. He had a short…
Kajiado County Executive Committee Member for Gender, Cooperatives, Culture, Tourism and Wildlife Janet Serio has revealed that plans are underway for the county to introduce a revolving fund to boost cooperatives and revive dormant Saccos. Speaking during the regional Ushirika Day celebrations, Serio said the government is committed to supporting cooperatives since they plan an…
Kisumu County Executive Committee Member (CEC) for Trade, Tourism, Industry and Cooperatives Farida Salim has lauded the cooperative movement for positively impacting on the economic stability of their membership. Salim, who was the chief guest during the county’s Ushirika Day celebrations, said the movement had experienced tremendous growth in terms of increased membership and savings….
Cooperative sector practitioners have expressed concerns over the manner in which Saccos and cooperatives are declaring dividends and interest on deposits, as well as honoraria payments. Through Kenya Society of Professional Co-operators (KSPC), the practitioners observed that there are a lot of malpractices among cooperatives in the way dividends, interest on deposits and honoraria are…
Bishop Meshach Mukwili of the Africa Brotherhood Church has urged both the national and county governments to provide more soft loans to farmers to enable them expand farms, create employment and boost food production. Speaking during a leaders’ forum in Wote Church, the bishop also reiterated that there is need for farmers to embrace technology so…
Embu County has targeted to have all its adult population in cooperative societies. County Director of Cooperatives David Muriuki said sector stakeholders in the county are focused on recruiting 600,000 members, which the approximate number of people in the adult bracket. He said the cooperative movement in Embu controls up to Ksh14 billion in liquid…
