Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Kenyan government is making bold moves to increase local coffee consumption to boost revenues, even as the country grapples with a drop in production. During the launch of its strategic plan yesterday, the New Kenya Planters Cooperative Union (KPCU) revealed that domestic coffee consumption remains worryingly low at just 19 percent. To address this,…
Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya has instructed Commissioner for Cooperatives Development to develop a Dividend Policy for Cooperatives that will ensure that no cooperative borrows to pay dividends. The CS who was speaking in Nairobi during the launch of the strategic plan 2023-2027 for new Kenya Planters Cooperative Union (KPCU) said the…
The Nduluma Coffee Factory in Tharaka Nithi, recently promoted by the new Kenya Planters Co-operative Union (KPCU), achieved the top price at last week’s weekly coffee auction, with a bag of Grade AA coffee fetching Ksh46,562. The factory, a member of the Tharaka Coffee Growers’ Cooperative Society, has earned a strong reputation for producing high-quality…
President William Ruto has warned coffee farmers against taking more loans following a waiver issued by the government recently. Speaking at Gitooro ASK showground in Meru County during the Meru Cooperative Dairy Union 9th Farmers Field Day, Ruto cautioned the cooperatives coffee society officials against taking more loans unless it is approved by farmers themselves….
The New Kenya Planters Cooperative Union (KPCU) has denied claims that it stole coffee from a coffee factory located in South Imenti constituency, Meru County. Speaking at the New KPCU Meru depot during an inspection tour of the facility, Chairman Daniel Chemno said that the allegations are baseless and only meant to tarnish their name…
By Fred Sitati In the recent past, the cooperative movement has lost two flagship cooperative institutions to the state through expropriation. These cooperatives are Kenya Cooperative Creameries (KCC) and Kenya Planters Cooperative Union (KPCU). KCC was renamed New KCC while KPCU was rebranded to New KPCU Ltd. The new effect of this change is that…
By Correspondent The much-anticipated turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by the recently created New KPCU, a state corporation, continues to elicit mixed reactions from those expected to benefit from the proposed interventions. A cursory assessment shows that the uptake of this facility remains way below expectations despite…
By John Majau Agriculture CS Peter Munya has urged farmers to take coffee to the New Kenya Planters Cooperative Union (KPCU). He said the government has enforced new regulations for the benefit of farmers by sealing loopholes that existed before. He warned farmers that they will only have themselves to blame if they take their…
By Malachi Motano Agriculture Cabinet Secretary Peter Munya has ordered boards of coffee cooperative societies to allow farmers to borrow from the Sh3 billion coffee advance cherry fund. “It is not right for boards to deny farmers their right by failing to sign forms presented to them.From now on my office will crack the whip…
By Our Reporter Amica Sacco chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will boost Sacco portfolios and also improve their financial status. He lamented that payment of civil servants and entrepreneurs exclusively through banks was alienating Saccos from…
