Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
The recently held Ushirika Day marked a significant milestone in celebrating the accomplishments of Kenyan cooperatives. However, the future of cooperatives lies in their ability to adapt, innovate, and collaborate. The day, celebrated annually on the first Saturday of July, is a significant event that highlights the importance of cooperatives in the country’s economic development….
Sacco Societies Regulatory Authority (SASRA), the country’s Sacco regulator, has revised its corporate governance guidelines to include non-withdrawable deposit-taking (NWDT) Saccos, which are now fully under its supervision. The new guidelines, a review of the 2015 document, were made public by SASRA on July 3, 2023. It has expanded its scope to include the corporate…
The Cooperative movement is part of the major sectors the government expects to help it achieve its Medium Term Expenditure Framework (MTEF) objectives for the period 2023/24 – 2025/26. MTEF normally sets out three-year spending plans of the government and its aim is to ensure that budgets reflect the government’s social and economic priorities and…
The Cooperative Alliance of Kenya (CAK) has started a project to train Trainer of Trainers (ToTs) to support rural women and youth in the dairy sub-sector and empower them to become champions of animal nutrition and breeding programmes. Dubbed ‘Strengthening Agricultural Knowledge and Innovation Ecosystem for Inclusive Rural Transformation and Livelihoods in Eastern Africa’, (AIRTEA),…
