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

Cost of Fertilizer Remains a Thorny Issue to Farmers, Study Reveals

Sacco ReviewOctober 4, 2024October 4, 202405 mins

The cost of fertilizer remains the biggest challenge to most farmers across the country despite the government’s efforts to introduce subsidized packages, a thing which continues to hinder food production according to a recent study. As per the latest Agriculture Survey by the Central Bank of Kenya (CBK) whose main objective was to obtain indicative…

Mediation Committee Meets to Consider Contentious Clauses of Sugar Bill

Sacco ReviewOctober 1, 202403 mins

The Mediation Committee on the Sugar Bill (N.A. Bill No. 34 of 2022) has started considering clauses of the Bill that are under mediation. The committee which is chaired by Emmanuel Wangwe (MP Navakholo) first considered sub clause 38 (6), which, if amended, will see the Members agree on the institution that will be in…

As a Sacco member, are you aware of your obligations?

Sacco ReviewAugust 16, 2024August 16, 202408 mins

The growth of the Sacco sector in Kenya has shown how important they are in providing affordable financial services. They have enabled easier access to savings and credit for the middle and low-income segment for both household and enterprise development thus impacting the economic growth in both urban and rural areas. Many a time we…

Chelugui lauds Saccos for exhibiting tremendous growth in past year

Sacco ReviewNovember 13, 2023November 13, 202302 mins

Simon Chelugui, the Cooperatives and MSMEs Development Cabinet Secretary (CS), has released a report which indicates a steady growth in the Sacco industry for the past one year. Chelugui said that all the 360 Saccos regulated by the Sacco Societies Regulatory Authority (SASRA) have seen tremendous growth in assets, deposits, loans, and capital from November…

How coffee farmers can be exposed to global markets

Sacco ReviewSeptember 29, 2023September 29, 202307 mins

The New Kenya Planters Co-operative Union (NKPCU) has highlighted a number of ways in which coffee farmers can expand access to the international market, including market exposure through exhibitions to unlock the potential of the local industry. Giving his presentation on export marketing and farmer financing during the inaugural Cooperative Movement Stakeholders’ Annual Conference, NKPCU…

Universal Traders Sacco honours pledge as trader steers off in Probox grand prize

Sacco ReviewSeptember 25, 2023September 25, 202304 mins

Universal Traders Sacco has awarded Agnes Kalondu Nzuki a Toyota Probox, the car she won from a Ksh2000 stake she deposited to enter the grand draw at Kenyatta Stadium in Machakos County. The elated lady from Mutituni/ Ngelani Ward in Machakos County could not believe her luck. She was among the numerous winners who walked…

Real estate stakeholders seek Govt intervention over delayed issuance of title deeds

Sacco ReviewSeptember 22, 2023September 22, 202303 mins

Players in the real estate sector have raised alarm over delays in processing of title deeds. Association of Real Estate Stakeholders Chairman Kinyua Wa Iratu claims the delays have been occasioned by rampant corruption in various land registries infiltrated by cartels. He noted that some unilateral decisions like changes in land rates and other statutory…

Kenya cements position as Islamic Banking hub in East, Central Africa

Sacco ReviewSeptember 21, 2023September 21, 202303 mins

The existence of Gulf Africa Bank, Dubai Bank and First Community Bank as fully fledged Islamic Banks has cemented Kenya’s position as a hub for Islamic banking in East and Central Africa. The position is further cemented by the existence of Islamic products in conventional banks and Saccos. Abdi Hussein, Gulf Bank Garissa Branch Deputy…

Groups urged to promptly repay Uwezo Fund loans

Sacco ReviewSeptember 20, 2023September 20, 202302 mins

Kaloleni sub county Youth Development Officer Festus Matee has urged the beneficiaries of the Uwezo Fund to promptly repay their loans to enable other groups benefit. Matee noted that from the Ksh23, 255,000 issued to 192 Women, Youth and persons with disability groups in Kaloleni Sub County, only Ksh7,234,060 has been repaid. “That translates to…

CS orders SASRA to safeguard interests of Sacco members

Sacco ReviewSeptember 15, 2023September 15, 202303 mins

Saccos Societies Regulatory Authority (SASRA) has been asked to ensure interests of all members of the 360 Saccos in the country are protected and that adequate revenues are generated. Cabinet Secretary (CS) for Cooperatives and Micro, Small and Medium Enterprises Simon Chelugui asked SASRA’s chief executive (CEO)Peter Njuguna to also ensure that members comply with…