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

Mwalimu SACCO expands revenue bowl as harsh economy bites

Sacco ReviewOctober 7, 202507 mins

Savings and Credit Co-operative Societies (SACCO) are busy redesigning their financial products, policies and strategies so as to compensate for low loan disbursements as a tough economy erodes household incomes and thrown many out of jobs. For players like Mwalimu National SACCO, the plan is to generate Non-funded income, away from its core activity of…

Government calls for structured cooperative savings to shield economy from political instability

Sacco ReviewJuly 14, 202505 mins

The government has called on Kenyans to embrace structured cooperative savings and move away from traditional fundraising practices, warning that ongoing political uncertainty threatens the stability of foreign investment. Speaking during the 103rd Ushirika day celebration at Kenya International Conference Center, (KICC) the Prime Cabinet Secretary Musalia Mudavadi emphasized that cooperatives offer a more stable…

DP asserts government efforts to rescue economy through advanced policies, strategies

Sacco ReviewMay 13, 202507 mins

Deputy President Prof. Kithure Kindiki has confirmed that the government has developed policies to rescue the economy and ensure farmers get the highest earnings from their produce. Speaking at a Thanksgiving mass at Riiji Catholic church service in Central Imenti constituency, Meru, the deputy President said Kenya Kwanza administration has already developed strategies and policies to…

Lake Victoria has untapped potential to boost region economy, CS Murkomen says

Sacco ReviewDecember 11, 2023December 11, 202302 mins

Roads, Transport and Public Works Cabinet Secretary (CS) Kipchumba Murkomen has termed Lake Victoria and its ecosystem as a sleeping giant with the potential to boost the region’s economy and the Western Kenya tourism circuits if fully utilized. Murkomen was speaking at the Kisumu Port where he launched the Standards of Training Certification and Watching…

Governor Bii vows to support, bolster Jua Kali saccos

Sacco ReviewNovember 30, 2023November 30, 202303 mins

Uasin Gishu Governor Jonathan Bii has made a commitment to assist Jua Kali Saccos in strengthening and expanding their businesses. Bii emphasized the importance of the sector in the country’s economy, highlighting its crucial role in creating jobs, providing opportunities for self-employment and making a significant contribution to poverty reduction and wealth creation. “Jua Kali…

Wangamati: Form co-ops to boost County economy

Sacco ReviewJune 8, 201801 mins

By Our Reporter Bungoma County Governor Wycliffe Wangamati has called for concerted efforts by all stakeholders to revive the co-operative movement. Addressing Ngarisha Sacco members during the Sacco’s Annual General Meeting (AGM), Mr Wangamati said co-operatives will boost the county’s economy. He said that through co-operatives, residents will benefit from a variety of investment opportunities…

State pushing for the policy framework to promote co-operatives

Sacco ReviewJune 8, 201804 mins

By Our Reporter The Ministry of Industry, Trade and Co-operatives is expediting review of legal, policy and institutional framework to promote savings mobilisation, financial deepening and access among citizens. Commissioner for Co-operatives Development Mary Mungai has said disharmony in legal and policy frameworks can result in unsustainable practices that may lead to poor governance and…