Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Savings and Credit Cooperative Societies (Saccos) across the country have been challenged to embrace innovation and technology. The Cabinet Secretary for Cooperatives and Macro Small and Medium Development Simon Chelugui noted that doing so will help Saccos to increase their accessibility and visibility. He was addressing the 9th Annual Sacco Leaders Convention Meeting in Mombasa…
The Principal Secretary (PS) for State Department of Cooperatives, Patrick Kilemi, has reiterated the government’s pledge to support the cooperative sector by implementing dynamic policies and regulatory frameworks. Kilemi made the remarks on November 15 in Mombasa during a workshop which brought together cooperative sector shareholders from across the country to brainstorm on how to…
The National Assembly Committee on Trade, Industry and Cooperatives has summoned two Kenya Revenue Authority (KRA) officials to shed more light on the surroundings that led to the release of 20,000 tonnes of condemned sugar to the market. Led by Chairperson James Gakuya (Embakasi North MP), the members questioned suspended Mombasa KRA Customs Warehouse Manager…
The Kenya Electricity Generating Company (KenGen) has reported a 48% growth in profit after tax for the Financial Year (FY) ended June 30, 2023, surging to Ksh5.02 billion up from Ksh3.4 billion in the previous FY. It also reported a 14% growth in revenue from Ksh47.48 billion in 2022 to Ksh53.96 billion largely spurred by…
Ports Sacco, formerly Mombasa Port Sacco, has opened a new branch in Nairobi at the Inland Container Depot (ICD) in Embakasi as it targets to reach more customers. The microfinance institution has plans to expand to all the 47 counties in Kenya as part of its commitment to resolve and adapt to meeting the changing…
By Tsozungu Kombe Mombasa residents have been urged to join Saccos and earn savings that will uplift their living standards. Speaking in Mombasa, the area County Cooperative Commissioner Nelson Nyoro said residents should join the cooperative movement because it plays an important role in development. “Joining Saccos is the surest way to change your lives…
By Tsozungu Kombe The department of cooperatives in Mombasa County will develop a recovery strategy to help Saccos recover from effects of the Covid-19 pandemic. Saccos in the region are currently experiencing challenges, leading to their failure to generate enough revenue for business recovery. Speaking to Sacco Review in Mombasa town recently, The County Cooperative…
