Sacco CEOs weigh in on mergers, education and defaults

Sacco CEOs say mergers can strengthen smaller societies, improve technology investment and boost competitiveness without compromising Co-operative values. They emphasise member education as key to better financial planning, responsible borrowing and stronger governance. CEOs support firm but fair loan recovery measures to protect members’ savings and maintain financial stability. For years, debate on Kenya’s Saccos…

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MSEA North Rift Regional Coordinator CPA Alton Kogo (right) during a presser.-Photo courtesy

Uasin Gishu MSMEs get boost in access to finance

MSEA and KBA are training women and youth entrepreneurs on financial literacy and business management. The programme aims to improve MSMEs’ access to affordable finance, markets and business information. Thirty MSMEs will receive mentorship through the Equity Bank Foundation, with the programme set to expand nationwide. Micro and Small Enterprises Authority (MSEA) has strengthened its…

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Kenya National Police DT Sacco expands community CSI projects

Kenya National Police DT Sacco has expanded its corporate social investment projects across education, healthcare, sports and disability support. The Sacco has sponsored school programmes, healthcare facilities, sports infrastructure and assistive technology for members living with disabilities. It has also reviewed loan terms and earned recognition for governance and performance during county Ushirika Day celebrations….

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Local traders, the Jua Kali sector and county officials pose foor a photo after the capacity-building and business training initiative programme. Photo/courtesy

Uasin Gishu trains traders and Jua Kali sector in financial literacy and business formalisation

Uasin Gishu trained traders, Jua Kali artisans and county officials on financial literacy and business formalisation. The programme focused on digital record keeping, credit readiness, tax compliance and cooperative formation to improve access to finance and government opportunities. The initiative, supported by SNV, ASSEK and the European Union, aims to strengthen SMEs, create sustainable businesses…

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General Manager Operations & Strategy Simon Tanui, CPA(K), I-CUDE speaks at the Central, Eastern, and North Eastern Regions Top Savers Congress. During the training sessions, members engaged in impactful sessions on financial empowerment, savings culture and sustainable growth. This was an important milestone in the SACCO’s journey of empowering members through savings and investment.

Kenya National Police DT SACCO boosts financial literacy through regional member training

Regional financial literacy seminars empower top savers SACCO expands Corporate Social Initiative projects nationwide Members trained on savings, investments and cooperative growth The Kenya National Police DT SACCO embarked on regional top savers training seminars aimed at empowering its members on matters of financial literacy and economic empowerment and equipping them with valuable knowledge to…

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Youths from Wajir County participate in a Capital Markets Authority financial literacy forum on investment opportunities in Kenya's capital markets

Wajir youth urged to invest beyond livestock and land as CMA expands outreach

The initiative aims to deepen financial inclusion by exposing residents to investment opportunities that have traditionally recorded low uptake in northern Kenya Youths have been urged to seize the opportunity noting that formal employment opportunities were becoming increasingly scarce The Capital Markets Authority (CMA) has rolled out a major financial literacy campaign in Wajir County,…

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Absa Bank partners with Google to empower 3,000 SMEs with digital and financial skills

Small and medium‑sized enterprises (SMEs) across the country are set to benefit from a new partnership between Absa Bank Kenya and the Google Hustle Academy, which will provide training and financial support over the next 12 months. The initiative, unveiled in a joint statement, aims to equip entrepreneurs with digital expertise, financial literacy, growth strategies,…

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Cooperatives CS Wycliffe Oparanya (centre) alongside PSs Mang'eni
Cooperatives CS Wycliffe Oparanya (centre) alongside PSs Susan Mang'eni and Patrick Kilemi in Parliament. Photo Courtesy

MPs push for financial literacy before disbursement of MSME funds

Members of Parliament (MPs) have urged the State Department for Micro, Small and Medium Enterprises (MSME) Development to strengthen financial literacy programmes before releasing additional funds under government empowerment initiatives. The legislators said equipping beneficiaries with financial management skills would help improve the sustainability of the programmes by enabling recipients to manage loans and grants…

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Daima Sacco annual members’ education forum
Daima Sacco annual members during the education forum. Photo Courtesy

Daima Sacco trains members on financial literacy

Daima Sacco Society Limited has intensified efforts to promote financial literacy among its members, with a strong focus on empowering young people to build secure financial futures. The recent annual members’ education session attracted significant engagement, with over 70 percent of participants drawn from the youth demographic. The session centered on practical approaches to saving…

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