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Ghanaian officials in Kenya to benchmark cooperative movement

Sacco ReviewDecember 11, 2023December 11, 202303 mins

Senior officials from the Government of Ghana, including representatives from the Ghana Co-operative Credit Unions Association (CUA), Ministry of Finance, and the Department of Cooperatives, are currently in Kenya to benchmark the country’s cooperative movement which is considered the largest in Africa. According to the 2022 Statistical Report by the World Council of Credit Unions,…

Kenya, DRC sign bilateral agreement on agricultural cooperation

Sacco ReviewApril 18, 2022April 18, 202204 mins

By Andrew Walyaula Waliaulaandrew0@gmail.com Kenya has signed a bilateral agreement with Democratic Republic of Congo (DRC) to boost agricultural productivity and food security, through “mutually beneficial trade”, education and research. DRC will provide a ready market for Kenya’s food products which are the main exports and account for 33 percent of the nation’s Gross Domestic…

KMFRI Sacco to open FOSA branch

Sacco ReviewMarch 6, 201802 mins

By Wesley Ondieki Kenya Marine and Fisheries Research Institute (KMFRI) Sacco is set to open a fully fledged FOSA branch outside Mombasa, Sacco Chairman, Rashid Anam (pictured) has said. “Among our future prospects, we will have a FOSA in a place yet to be identified outside Mombasa. We will also partner with members to start…

Regulator warns banks against fake ‘saccos’

August 4, 2017August 4, 201702 mins

By David Kipkorir. The Central Bank of Kenya (CBK) has warned banks and financial institutions against opening accounts for fake pyramid schemes operating as saccos. Central Bank of Kenya in a circular urged banks to ensure they scrutinise transactions where non-deposit taking saccos mobilise huge sums from unsuspecting Kenyans. “This circular is to caution financial…