Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
The County Assembly of Taita Taveta has been asked to fast-track passage of the County Cooperative Draft Bill to provide trustworthy market intelligence, practical advice and business tools to regulate and streamline registration of Saccos in the County. Deputy Governor Christine Kilalo said that the county administration is keen to ensure cooperatives in the area…
The government has come up with a draft policy that is meant to revive the sugar industry, even as it bans sugar production for the next three months. According to the draft policy – Revitalization of the Sugar Industry by the State Department for Crop Development – it will take the government up to 10…
Cabinet Secretary Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Simon Kiprono Chelugui has urged cooperatives to invest in technology to tackle climate change which has become a challenge in the development of cooperative movement. Speaking during the 7th Annual Conference 2023 at the Cooperative University of Kenya (CUK), Chelugui said climate change has…
Cooperatives have been urged to embrace the seven principles of the movement if they must return to the old days when they were a great success. Prof. Esther Gicheru, Deputy Vice Chancellor (DVC) at Cooperative University of Kenya (CUK), who has been in the cooperative industry for almost a half a century, has said the…
Sacco Societies Regulatory Authority (SASRA) CEO Peter Njuguna has stressed on the need for Saccos to collaborate to achieve greatness. “We have realized that Saccos actually collaborate significantly with various service providers because Saccos alone cannot provide the services. Courtesy of the collaborations we have had so far, you will note that we have grown…
