Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Residents of Nyanza region have been urged to form Savings and Credit Cooperative Societies to help them grow and have sustainable development. ICT and Digital Economy Cabinet Secretary Eliud Owalo said a Sacco will provide means for residents to invest and grow economically. Speaking to members of various women groups in Migori County during an…
Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department…
Women in Illoodokilani ward in Kajiado West have received training on cooperative management organized by Kajiado County Department of Cooperatives. Gender, Culture and Cooperative CECM Janet Sereu said the training aims to empower women to achieve economic stability through entrepreneurship, employment and increased income through agriculture, trade and finance activities. She noted that efforts by…
Universal Traders Sacco has awarded Agnes Kalondu Nzuki a Toyota Probox, the car she won from a Ksh2000 stake she deposited to enter the grand draw at Kenyatta Stadium in Machakos County. The elated lady from Mutituni/ Ngelani Ward in Machakos County could not believe her luck. She was among the numerous winners who walked…
Kisii County Deputy Governor Dr. Robert Monda has stressed on the importance of financial literacy campaigns and member education drives among Saccos to cultivate a saving culture among residents. Speaking during the launch of Stima Sacco new branch at Waumini Plaza where he represented Governor Simba Arati, Dr Monda noted that cooperatives play a pivotal…
Gatondo Women Group has called on co-operatives experts to provide professional guidance to rural based self-help and women groups in Embu County so as to transform into more profitable entities such as Saccos and Micro-Finance Institutions (MFIs). In an interview with Sacco Review, the Group’s chairlady Ms. Ephrath Wamai noted that a lot of such…
A Matungulu Constituency doctor has asked banks and micro -finance institutions to come up with schemes to motivate coffee growers for investments in the region. Dr Philip Munyao, a consulting doctor, said financial institutions should train farmers on investment opportunities, saying that if there were regular fora organized by the banks, the interaction will encourage farmers to…
Retirement can mean leaving employment to pursue other interests or businesses. According to my personal analysis, upon retirement, 47 percent of retirees depend on relatives, 3 percent go back to working, 16 percent depend on state pension and only 34 percent have financial independence. Interestingly, 82 per cent of those with financial independence (the 34…
Cooperatives and Micro, Small, and Medium Enterprises Development Cabinet Secretary (CS) Simon Chelugui has urged Saccos to embrace the emerging Financial Technology (FinTech) innovations for relevance and sustainability. The CS emphasized the importance of cooperatives and Saccos in achieving financial inclusion for the majority of the Kenyan population in line with the government’s Bottom-up Economic…
Kajiado County Executive Committee Member (CECM) for Gender , Cooperatives and Culture Janet Sereu has revealed that the county government will revive the annual Ushirika day celebrations which were stopped three years ago. Speaking during the handing over of a cheque for the purchase of a new house to Muungano Women Group Housing Cooperative, the CECM revealed that the…
