Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Retired teacher Simon Kabui Kabosh invested heavily in farming using loans he borrowed after saving with Eco-Pillar Sacco. The man who retired in January this year taught in many schools in West Pokot County and retired while serving as the head-teacher of Propoi Primary School. He lives in Aruba village, Sinyerere Scheme, Cherangany Sub County…
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…
Farmers in Kwale County no longer have to worry about unscrupulous middlemen, thanks to Kwale Pamba and Viazi Cooperative Society (PAVI). PAVI, which was formed in 2014, has enabled local farmers to participate in agricultural livelihood programmes initiated by Base Titanium Company. According to John Cooke, the programme manager, its membership has grown tremendously over…
Former State Department for Cooperatives Principal Secretary Ali Noor Ismail is a happy man. He says that the cooperative sector achieved a lot during his tenure. “I was appointed as the PS under the Jubilee Government in Labour and later on at the State Department for Cooperatives in 2015,” he says. He had a short…
Uasin Gishu County Executive Committee Member for Trade, Industrialization, Tourism, Cooperatives, and Enterprise Development Martha Cheruto has urged cooperators to work on increasing their Sacco shares and deposits to enable them to access the County Enterprise Development Funds that attract low-interest rates on loans. “Higher savings enable one to qualify for higher loans,” she said….
Kisumu County Executive Committee Member (CEC) for Trade, Tourism, Industry and Cooperatives Farida Salim has lauded the cooperative movement for positively impacting on the economic stability of their membership. Salim, who was the chief guest during the county’s Ushirika Day celebrations, said the movement had experienced tremendous growth in terms of increased membership and savings….
ACK Imani Talent Sacco has opened a new office in Nakuru City to serve members around the Central Business District (CBD) and attract new ones. The new office is located beside St. Paul’s University’s Nakuru campus. In a ceremony attended by a number of dignitaries, including CIC Board of Directors chairperson Dr. Nelson Kuria, ACK…
Commissioner for Cooperatives David Obonyo has raised concern over the threats posed by cyber-related crimes in Sacco operations. Obonyo lamented that criminal activities that target users through computers and phones have been on the increase in the Saccos. “This challenge is more prominent in Saccos that are financially struggling and those that are suffering from…
A 2020 Survey conducted by the State Department for Co-operative Development revealed that there are 5,723 dormant cooperatives, which are at risk of losing its assets to unscrupulous officials. Kenya Society of Professional Co-operators (KSPC) is now calling on government to develop policy guidelines that will help to safeguard assets of cooperatives that may fall…
The government has come up with a draft policy that is meant to revive the sugar industry, even as it bans sugar production for the next three months. According to the draft policy – Revitalization of the Sugar Industry by the State Department for Crop Development – it will take the government up to 10…
