Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Milk production in twelve counties countrywide is set to double following a series of interventions rolled out through a project run by the Kenya Crops and Dairy Market Systems (KCDMS). Through the US-AID-funded project, over 190,000 farmers in Kisumu, Siaya, Migori, Homa Bay, Vihiga, Kakamega, Bungoma, Busia, Kisii, Kitui, Makueni and Taita Taveta counties have…
Busia County Executive Committee Member in charge of Trade, Industries, Investment and Cooperatives Omuse Olakachuna has revealed that the county government will enact laws that will strengthen cooperative societies in the region. Omuse disclosed that some of the issues they aim to address is how to safeguard Saccos’ funds and repayment of loans. He noted…
Prime Cabinet Secretary Musalia Mudavadi has termed the establishment of Western Kenya Muslim Sacco a crucial step towards ensuring financial independence of women in rural areas. Speaking during the annual women Muslim women Quran competition in Kakamega,the prime CS reiterated that the government firmely supports the move by women to financially advance themselves since they…
The Communications Authority of Kenya (CA) has raised concern over the high number of cyber security attacks, which rose from 7.7 million in 2018 to 444 million in 2023. Speaking in Kisumu during the awards ceremony of the Kisumu edition of the Authority’s cyber security bootcamp and hackathon series 2023, Internal Audit Director Rosalid Muriithi…
Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Principal Secretary Patrick Kiburi Kilemi has revealed that the government has made tremendous progress in coffee reforms that will see revival of the struggling sub sector. Speaking during the Kenya Coffee Trade meeting, the PS said the government is committed to reform the sub sector and…
Finmat Sacco has embarked on frequently holding member education days to strengthen financial literacy among members. Credit director Beatrice Kisanya assured members that the Sacco is focused on its core business of empowering members through financial literacy training so as to improve their individual as well as collective financial welfare. “Finmat Sacco prides itself for…
Landlords, property owners and Licensed Auctioneers of Kenya have expressed concerns over the newly proposed Landlords and Tenant Bill meant to repeal three current laws governing the real-estate subsector, and introduce one statute which will include all regulatory guidelines in the both residential and business premises. The landlords argue that the bill lacks an elaborate…
It is a windfall for Savings and Credit Cooperatives (Saccos) as they pick the spoils from bank fallouts prompted by skyrocketing interest rates. Loan seekers are streaming into Saccos for loans with lower interest rates, as banks increase the pricing of loans to levels last seen over seven years ago. Moreover, customers with loans in…
The Nairobi Coffee Exchange (NCE) is planning to license five more coffee cooperative unions by the end of this month. This follows the licensing of 11 cooperative unions. The unions will sell coffee directly at the NCE and overseas, thereby eliminating the need for middlemen between farmers and buyers. NCE is also expected to reopen…
Cooperatives have been urged to embrace the seven principles of the movement if they must return to the old days when they were a great success. Prof. Esther Gicheru, Deputy Vice Chancellor (DVC) at Cooperative University of Kenya (CUK), who has been in the cooperative industry for almost a half a century, has said the…
