Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In many societies, success is often measured by what one acquires during one’s lifetime. However, true financial success goes beyond personal comfort and extends to creating opportunities for future generations. This is the essence of generational wealth. Generational wealth refers to assets, resources, and financial advantages that are passed down from one generation to another….
There is no secret that Savings and Credit Co-operative Societies (Saccos) across the world have been developed to meet the fundamental human need of finding a way of saving and borrowing methods to promote the economic interest of their members. They achieve this co-operative principle through the co-operative business model savings culture among members. The…
Stakeholders in the private sector have urged the government to create an enabling environment for businesses to thrive and eventually spur the country’s economy. They are also pleading with the Kenya Kwanza administration to go slow on taxes so as to promote investments in the country. Some of the stakeholders in the Real Estate Sector…
Investments, Trade and Industry Cabinet Secretary (CS) Lee Kinyanjui has announced that the government is set to open a special window for the importation of raw sugar to sustain industrial sugar production, which has been crippled by a nationwide shortage of cane. The CS said Kenya faced a shortage of nearly 400,000 metric tonnes of…
Women entrepreneurs in Busia County have received a significant boost through a new economic empowerment program aimed at enhancing their skills in entrepreneurship and financial management. The initiative, launched this week, is a partnership between the County Government of Busia, Stanbic Bank Foundation, and Kenya Industrial Estates. It targets women in micro and small enterprises,…
Saccos are increasingly winning county government staff into the cooperative movement but are dragging their feet on investing in multiple sectors at grassroots level in order to deepen their relevance in the economy. The lack of properly structured internal policies for making targeting investments is standing in the way of the pace of their integration…
Saccos are dragging their feet on diversifying their investments into new areas such as health and education as the high demand for loans among members puts pressure on their wallets. Many Kenyan Saccos are stuck on the primary objective of enabling members to save regularly so as to create a pool of funds from where…
