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

Sacco leaders from Kajiado receive training on leadership and governance

Sacco ReviewJanuary 17, 202502 mins

The County Government of Kajiado, Department of Livestock, Agriculture, Fisheries, and Irrigation has trained Sacco leaders on the management of Saccos. The Sacco leaders, who represent three Kajiado West Saccos, were taken through leadership, governance, grant management guidelines, and the Memorandum of Understanding (MoU). The training was conducted at the NITA Institute in Kitengela Sub…

Why Saccos should embrace a co-operative business model

Sacco ReviewJanuary 7, 202508 mins

The primary purpose of a Sacco is to serve the community in which it operates. This is based on the understanding that co-operatives are not-for-profit enterprises, as the majority of the profit goes toward fulfilling the social, economic, and cultural needs of the community in which they operate. It is obvious that when a co-operative…

Nakuru County Government launches sacco digitization initiative

Sacco ReviewJanuary 7, 2025January 7, 202504 mins

The County Government of Nakuru has rolled out a program to digitize the business models of Savings and Credit Cooperative Organizations (SACCOs) to make their operations more efficient and transparent. County Cooperatives Chief Officer Kibet Kurgat said the County had initiated a training program for Sacco officials on the digitization of their operations, aimed at…

SACCOs thriving today, but are they ready for tomorrow?

Sacco ReviewNovember 25, 2024012 mins

Savings and Credit Cooperative Organizations (SACCOs) have long been heralded as engines of financial empowerment, particularly in underserved and emerging markets. They provide a lifeline for millions by offering affordable credit, encouraging savings, and promoting economic inclusion. Yet, like any other financial or corporate institution, SACCOs are not immune to the inherent cycles of growth,…

Govt will not settle SACCO dues KCC deducted from former employees, CS Mbadi tells senators

Sacco ReviewOctober 31, 202404 mins

Former employees of Kenya Cooperative Creameries (KCC) have sought the Senate Committee on Labour and Social Welfare to secure their KES 204 million in unpaid dues. The committee has summoned National Treasury Cabinet Secretary John Mbadi who did not appear before the committee but sent a notice asserting that the Government is under no obligation…

Umoja Wendani Housing tops the property segment at Ushirika Day Awards

Sacco ReviewOctober 25, 202406 mins

Umoja Wendani Housing Co-operative emerged the top player in the recent Ushirika Day Awards Gala, taking first position in the Best Managed Housing Cooperative, Most Improved, and Best in Investments categories of recognitions. The society, established in 2012 to cater for the housing needs of Umoja Wendani Sacco members, was also second in Best in…

Robbers steal valuables from Kakamega Sacco office

Sacco ReviewOctober 21, 202402 mins

IG (Invest & Grow) Sacco Society LTD is counting losses after robbers broke into their offices in Malava in Kakamega County making away valuables. The robbers had accessed the cash room where millions were stored and moved the safe box out with the intent of running away with it but failed due to its weight….

Why the Pan-African Parliament is determined to harmonize cooperative legislations

Sacco ReviewOctober 9, 202409 mins

As the country eagerly awaits the enactment of new cooperative laws to regulate the sector, under the devolved system of government, the Pan-African Parliament (PAP) has coincidentally developed a Model Law that seeks to harmonize all cooperative legislations across the entire continent. This Model Law was adopted by the Pan-African Parliament during the 3rd Session…

Beyond the Finish Line: The Rise of Iten Athletics Sacco

Sacco ReviewOctober 4, 202404 mins

Athletes in Elgeyo Marakwet have formed a sacco aimed with assisting them in managing their finances and investments. Iten Athletics Sacco comprises athletes and their coaches drawn from North Rift region. According to the sacco chairman Richard Kanda, the sacco has over 200 members calling for other athletes to join. He termed the move as…

ACCOSCA: Cooperatives Bill 2024 will change the sector positively

Sacco ReviewSeptember 30, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said that the Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the…