Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
President William Ruto has signed the Sovereign Wealth Fund Act into law, marking a new chapter in Kenya’s economic journey. The name sounds technical and complicated, but the idea behind it is actually quite simple. It is about saving today so that the country can have a better tomorrow. Imagine a family that receives an…
According to KPDA, bureaucratic procedures, overlapping regulations and corruption are among the key challenges delaying projects and increasing construction costs. Nearly two in three property developers in Kenya have projects stuck in the approval process, with some waiting more than two years for permits, according to a newly launched industry handbook. The Kenya Property Developers…
President William Ruto will represent Africa at the upcoming G7 Summit, where he is expected to champion increased investment, expanded trade opportunities, and job creation across the continent. The summit, which brings together leaders of the world’s largest economies, will focus on pressing global challenges including economic resilience, international security, energy security, technological innovation, and…
In a transformative shift from daily subsistence to long-term wealth creation, boda boda operators in Githurai in Kiambu County have pledged to intensify their savings and investment portfolios. This commitment, aimed at boosting economic stability and uplifting the local community, was unveiled during a high-profile consultative meeting attended by Kiambu Governor Kimani Wamatangi and various…
Leaders in Taita Taveta County have linked political stability within the County to the region’s ability to attract investment, warning that prolonged leadership disputes undermine investor confidence, delay development projects and weaken local economic growth. The calls came during a prayer breakfast held at the County Assembly in Wundanyi to mark the official opening of…
The partnership between Africa and the Gulf countries has been taunted as a major milestone towards promoting businesses and triggering economic growth in African countries. Small and Medium Enterprises (SMEs) are set to be the major beneficiaries with eased access to financing as well as investment opportunities to grow and sustain the ventures. Partners under…
The primary purpose of a Sacco is to serve the community in which it operates. This is based on the understanding that co-operatives are not-for-profit enterprises, as the majority of the profit goes toward fulfilling the social, economic, and cultural needs of the community in which they operate. It is obvious that when a co-operative…
In recent years, Savings and Credit Cooperative Organizations (Saccos) have become increasingly vital to the financial wellbeing of many Kenyans. They have allowed individuals, families, and small businesses to access credit, grow their savings, and benefit from cooperative economic models that prioritize mutual success over pure profit. However, as Saccos continue to evolve and introduce…
The British High Commissioner to Kenya, Neil Wigan has announced that firms in the United Kingdom (UK) are keen on investing in Kisumu County to leverage the region’s huge economic potential in agriculture and the blue economy. Wigan said the UK government was keen on supporting interested companies in Britain to invest in the lakeside…
By Erick Nyayiera Members of Taraji Sacco in Siaya County are up in arms with the management over continued losses amounting to millions of shillings on a hotel investment over the last three years. The agitated members while speaking during this years’ annual general meeting held in Siaya town, accused the management over what they…
