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