MSMEs - Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

Kenyan innovations star at EAC MSMEs Trade Fair

Sacco Review3 months ago3 months ago07 mins

Kenya scooped the second position for the most innovative products during the recently concluded 23rd East Africa Community Micro, Small and Medium-sized Enterprises (MSMEs) Trade Fair formerly known as the Jua Kali-Nguvu Kazi Exhibition after the United Republic of Tanzania clinched first position in the exhibitions held in Bujumbura, Burundi. The Trade Fair whose theme…

Co-operative Bill deferred after governors complain of being sidelined

Sacco Review3 months ago3 months ago07 mins

The Co-operative Bill, 2023 has now been put on hold after county governors claimed that they were not consulted during the drafting. Sponsored by the government through the Ministry of Co-operatives and Micro, Small and Medium-sized Enterprises (MSMEs) Development, the Bill was in Parliament to allow for its first reading before proceeding to other stages…

Kericho Biashara Sacco celebrates first anniversary

Sacco Review5 months ago5 months ago02 mins

Kericho Biashara Sacco Society Limited recently celebrated its first year of existence with pride following the significant growth achieved in the highly competitive field. The Sacco draws its membership from smallholder traders of MSMEs within the region and offers financial and business training, savings mobilization, and loans to member groups. According to Josephat Koech, the…

Stanbic Bank, County partner to train VTC instructors on digital skills

Sacco Review5 months ago5 months ago05 mins

Stanbic Bank has partnered with the County government of Taita Taveta to provide a one-week digital skills training to Vocational Training instructors, and Micro, Small and Medium Enterprises (MSMEs) entrepreneurs on the use of online platforms to grow their businesses. Speaking at Mwanjila Vocational Training Center (VTC) in Bura on Friday after receiving 10 desktop…

Govt is committed to supporting growth of Co-ops, PS Kilemi says

Sacco Review6 months ago6 months ago02 mins

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…

PS Hinga: Housing Fund will offer affordable housing to millions

Sacco Review7 months ago7 months ago03 mins

Principal Secretary (PS) of Housing and Urban Development Charles Hinga has defended the housing levy, arguing that it aims to provide housing to millions of people who lack the means to build, purchase or secure a mortgage for their own homes. The PS said in Nairobi, one of Africa’s most developed cities, 90 percent of…

Diversify from check-offs to MSME markets, Saccos challenged

Sacco Review8 months ago8 months ago05 mins

Cooperative Commissioner David Obonyo has called for a paradigm shift on how Saccos conduct their businesses, warning that relying on the check off system is no longer tenable. Most Saccos, Obonyo stated, were employee-based that depend on a check off at the end of the month to give loans, turning their back on millions in…

Chelugui: Gov’t to channel all resources via Co-operatives

Sacco Review8 months ago8 months ago07 mins

Cooperatives and MSMEs Cabinet Secretary (CS) Simon Chelugui has said co-operatives have been an important socio-economic development tool since independence, and thus the need to channel all resources through the sector. “We want to reposition our country in all sectors through the cooperative model for meaningful growth, including in the realization of the bottom-up economic…

How Saccos maintain a delicate balance in the group lending model

Sacco Review9 months ago9 months ago05 mins

The group lending model has increasingly become popular among Saccos and Micro-Finance Institutions (MFIs) in recent years. This is largely based on its ability to leverage on joint liability and increased loan repayments while promoting entrepreneurial spirit among borrowers. Group lending methodology is a unique financial service for low income entrepreneurs. To obtain such a…

Cooperators to attend inaugural stakeholders’ conference next week

Sacco Review11 months ago11 months ago04 mins

Cooperative movement stakeholders are expected to attend a three-day inaugural Cooperative Movement Stakeholders Annual conference scheduled to be held in Mombasa between June 13-15, 2023 to discuss the progress and achievements of the movement in Kenya. The conference, whose theme will be ‘Cooperative Business model for Socio-economic Transformation, will focus on how various sectors of…