Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In Kenya, Savings and Credit Cooperative Societies (Saccos) have long been pillars of financial stability and community support. They offer accessible loans, promote a saving culture, and provide an alternative to traditional banking for millions. Saccos are deeply trusted institutions, often regarded as safe havens for personal savings and a dependable source for credit during…
As the business landscape goes through major transformations, those at the top of various business organizations, particularly Savings and Credit Co-operative Societies (Saccos) must be awake to the reality that leadership isn’t just about holding a title or occupying a corner office in an organization. In this case, they should learn to understand that, leadership…
Saccos have been urged to develop youth-attractive products and services that include tailored saving plans, micro-loans for start ups, and financial literacy programmes aimed at empowering them to make informed financial decisions. Kiambu Deputy Governor Rosemary Kirika, speaking during Dimkes Sacco’s 25th anniversary at St Paul ACK Church grounds in Kiambu town, said young people…
President William Ruto has said Cooperative movement is a powerful engine for economic development of African Nations. Speaking during official opening of 24TH SACCA Congress held in Naivasha the President said the Cooperative movement empowers vulnerable citizens making them earn a livelihood and enables them to be economically stable. The president said 30 per cent…
Saving for retirement is one of the most important financial decisions individuals need to make during their working lives. It is essential to ensure financial security and peace of mind in one’s later years. However, many people struggle with planning for retirement due to limited access to pension schemes, financial illiteracy, or inadequate income. Savings…
All cooperators attending the 2024 Savings and Credit Cooperatives Associations (SACCA) Congress are now required to register by September 30, 2024. This was revealed during the 7th session of the 2024 SACCA Congress Working Group held on September 17, 2024 at the African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) Academy in Nairobi Kenya…
Cooperatives Development Senior Commissioner Churchill Amatha has urged Coast region cooperative to register in large numbers for the forthcoming 24th Savings and Credit Cooperatives Associations (SACCA) Congress. The congress which will take place from October 6 to 12 this year in Naivasha, Nakuru is jointly organized by the Kenya Union of Savings and Credit Cooperatives…
The membership in the country’s Savings and Credit Co-operatives (SACCOs) has increased from 6.42 million in 2022 to 6.84 million in 2023, borrowing over Ksh700 billion within a span of one year. According to the recently released 2023 Annual Sacco Supervision Report by SASRA the increase in the 357-Regulated Saccos translated to 6.57 per cent…
The Cabinet Secretary (CS) for Cooperatives and MSMEs development Wycliffe Oparanya has revealed that the government is keen to help Saccos access capital by exploring avenues for increased funding and investment in the sector. Speaking during the 7th Annual Delegates’ Conference for Stima DT Sacco Society Ltd on Thursday, Oparanya urged sector stakeholders to work…
Kitui county has signed a Memorandum of Understanding (MoU) with agriculture-based Saccos and community development committees to boost production and promote food security. Speaking during the event’s launch at the Kitui Agricultural Training Centre, the county’s Chief Officer for Agriculture and Fisheries, Gladys Kivoto, said that the signing marks a significant milestone in efforts to…
