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

Small co-operatives to reap big in affordable housing projects, says PS

Sacco ReviewJanuary 3, 2024January 5, 202402 mins

The government will use small-scale mining cooperatives to supply construction materials for the affordable housing projects across the country. Mining Principal Secretary (PS) Elijah Mwangi said that his department has signed a Memorandum of Understanding with the Housing Department for the miners to provide over 60 percent of the materials required for the projects. Speaking…

4 cooperatives in Kilifi county set for revival

Sacco ReviewDecember 6, 2023December 6, 202302 mins

Four cooperative societies in Malindi and Magarini sub counties in Kilifi county are set for revival. Speaking to Sacco Review in her office in Malindi town recently, Malindi sub county Cooperative Officer Moraa Ziro revealed that Goshi Farmers’ Cooperative, Manyeso Dairy Cooperative, Magarini Sand Harvesting and Magarini Cotton Farmers Cooperative societies will be revived. She…

Nakuru pastors form Sacco to improve livelihoods

Sacco ReviewDecember 5, 2023December 5, 202303 mins

Pastors in Nakuru have come together to establish Mitume Sacco to help them save money and access affordable credit facilities, ultimately improving their livelihoods. Pastor Alex Maina, the Sacco chairman and the chair of Nakuru Pastors Fellowship, encouraged pastors and clergy members to join the Sacco to enhance their economic status. “We understand the difficulties…

Ruto honours pledge to buy TukTuk for Hustler Fund top borrower

Sacco ReviewDecember 5, 2023December 5, 202302 mins

Harrison Kenga, a TukTuk operator based in Mombasa, was recently awarded a new Piaggio machine by President William Ruto. During the fund’s first anniversary, Kenga was named the top borrower of the Hustler Fund, having taken a loan of Ksh714, 000 so far. The President promised to buy him a TukTuk. Kenga started with a…

Kamuthi Housing Coop helps Kiambu boda boda riders acquire land

Sacco ReviewDecember 4, 2023December 4, 202303 mins

A group of boda boda riders from Ruiru in Kiambu County have a reason to celebrate after they acquired a 5-acre piece of land along Thika Road, with the help of Kamuthi Housing Cooperative Society. The Boda Boda Association, consisting of 200 members, received a title deed after diligently saving Ksh50 per day. Lawrence Kariuki,…

Cooperative University praised for enhancing Sacco sector

Sacco ReviewDecember 2, 2023December 2, 202303 mins

The Ministry of Cooperatives and MSMEs Development Cabinet Secretary, Simon Chelugui, has highlighted the important role played by the Cooperative University of Kenya (CUK) in enhancing professionalism within the cooperative movement. According to him, the university’s contribution in equipping and training the workforce in the cooperative sector is crucial for the sustainability of Saccos. “As…

KCC set to design new Strategic Plan despite imminent sale

Sacco ReviewDecember 1, 2023December 1, 202303 mins

Despite facing an imminent sale, New Kenya Cooperative Creameries (KCC) remains steadfast in its pursuit of launching a new Strategic Plan. Cabinet Secretary for Cooperatives and MSMEs Development, Simon Chelugui, joined New KCC’s Board of Directors in Naivasha on November 30 to contribute to the development of the Plan. He emphasized the significance of the…

Nakuru County to provide low interest loans to Saccos through Revolving Fund

Sacco ReviewNovember 20, 2023November 20, 202302 mins

Nakuru County Chief Officer of Cooperatives Kibet Kurgat has revealed that the county government has plans to provide low interest loans to registered cooperatives and Saccos through a revolving fund. Speaking during a meeting with stakeholders in the dairy sector, Kurgat revealed that all the necessary plans to launch the loan product at the beginning…

Governor Irungu lauds cooperatives for boosting county’s economy

Sacco ReviewNovember 17, 2023November 17, 202302 mins

Laikipia Governor Joshua Irungu has lauded the role of cooperatives in uplifting residents’ lives and as a key driver of economic growth in the county. He noted that the county boasts of 210 registered cooperatives with a membership of over 98,000 and a total asset base of Ksh7.4 billion. “Cooperative societies, as a mass movement…

Smallscale mining cooperatives to supply affordable housing materials

Sacco ReviewNovember 17, 2023November 17, 202302 mins

The government will use small-scale miners’ cooperatives to supply construction materials for affordable housing projects across the country. Mining Principal Secretary (PS) Elijah Mwangi said that his department has signed a Memorandum of Understanding with the Housing Department for the miners to provide over 60 percent of the materials required for the projects. Speaking in…