Committee of Experts has warned that serious governance, regulatory and structural weaknesses are threatening the stability of Kenya’s SACCOs sector.

Experts warn of major risks in Kenya’s SACCO sector, call for urgent reforms

A high-level Committee of Experts has warned that serious governance, regulatory and structural weaknesses are threatening the stability of Kenya’s Savings and Credit Co-operatives (SACCOs) sector, calling for sweeping reforms to protect members’ savings and restore confidence in the cooperative movement. The concerns are contained in the Report on the Transformation of the SACCO System…

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Saccos in Kenya
SACCOs in Kenya. Experts have recommended deposit insurance to protect members funds

Why experts recommend deposit insurance to protect Sacco members billions

For millions of Kenyans, Savings and Credit Cooperative Organisations (SACCOs) are trusted financial lifelines workforce borrow loans and plan their futures. Loans from SACCOs usually have lower interest rates than banks, mobile lenders, or microfinance institution. According to the Sacco Societies Regulatory Authority (SASRA) gross loans across the industry increased to Ksh 948.31 billion in…

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Drone spraying crops/photo Courtesy

 Experts call for faster adoption of drones as Egerton University pushes for modern farming

Kenya’s agricultural sector—responsible for about 22 percent of the nation’s Gross Domestic Product (GDP), according to data from the Kenya National Bureau of Statistics—is at a turning point, with experts urging a shift from traditional farming to technology-driven, precision agriculture. During the Agricultural Drone Pilots Training Programme at Egerton University’s Njoro Main Campus, agricultural scholars…

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