Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kericho county Governor Dr. Erick Mutai has underscored the critical role played by the co-operative movement in the economic growth of the region. Speaking during this year’s Ushirika Day celebrations held at Kericho Primary School, the governor said the investments and contributions of local cooperative societies have the greatest impact in poverty eradication at the…
The County Government of Kisumu has rolled out an ambitious programme aimed at revamping the ailing cooperative sector in the region. Speaking during the International Cooperatives Day held at the Young Men’s Christian Association Grounds, County Executive Committee Member in charge of Trade, Industry and Cooperatives Farida Salim said her department intends to meet all…
Uasin Gishu governor Jonathan Bii has reiterated his administration’s commitment to support the cooperative movement which creates employment and steers social, economic and development programmes in every sector of the economy. Speaking during the 101 International Cooperatives Day themed Cooperatives for Sustainable Development, Governor Bii said that his administration is collaborating with the national government…
A Sacco is a member-owned financial cooperative society whose purpose is to pool savings from members and use the funds to provide them with affordable credits. The process of acquiring loans has been simplified and digitized in many Saccos through mobile banking, a process that has made the loans easily accessible to members. Saccos offer…
Garissa county Cooperative Chief Samuel Karanja has lamented over the fact that none of the 79 Saccos in the county is headed by a woman. He blamed male chauvinism in the region, adding that the residents don’t vouch for women leadership despite ladies having proven to be eloquent in leadership in many other areas. Karanja…
Sacco leaders are expressing mixed reactions to the regulator’s call for mergers as deposits get skewed towards large entities. While leaders of various Saccos support the proposal by the Sacco Societies Regulatory Authority (SASRA) that Saccos should consider merging to avoid collapsing, they are calling for caution.Traditionally, Saccos have opted for organic growth, with mergers…
Saccos are increasingly turning their focus on motorcycle riders and women groups for new membership and uptake of products. Motorcycle riders, popularly known as boda bodas, are in particular seen as the fastest growing income group and many Saccos are coming up with targeted products for them. The focus on boda bodas and women groups…
From struggling to join a Sacco to leading one of the biggest in the country, it has been long journey for Robert Kithanju. When he applied to join the Embu Teachers Sacco in 1990, he had to wait for long before his application was accepted. Three decades later, he is the leader of the very…
As cooperators troop to various venues across the country to celebrate the International Day for Cooperatives, commonly known as Ushirika Day locally, it’s important to look at what the day means for players in this industry. Ushirika day 2023 has a unique theme of Cooperatives: Partners For Accelerated Sustainable Development. The theme attempts to reflect…
More than 1,800 youth in Meru and Tharaka Nithi counties have received startup capital and kits worth Ksh60 million in a business incubation programme by Zoe Empowers that targets orphaned and vulnerable youths. Zoe Empowers is a non-governmental organisation that supports child headed families and orphans through business and vocational skills training. Speaking while issuing…
