Stick to Coop values to stand out from crowd, sector told

Cooperatives Commissioner David Obonyo has urged the sector to be guided by the values and principles of the cooperative movement in their operations, with a view to standing out from other business models. Obonyo noted that the core mandate of CAK is to ensure cooperatives entrench the principles and values of cooperatives so that its…

Read More
SASRA SACCO

SASRA Report highlights intensified competition between SACCOs, Commercial Banks

The latest released Sacco Societies Regulatory Authority (SASRA) report reveals a significant surge in competition between Savings and Credit Cooperative Societies (SACCOs) and commercial banks in Kenya, with consumers opting for SACCOs. The craze for SACCOs is because they offer low-interest loans and attractive dividend payouts, making them an appealing choice. Furthermore, SACCOs’ member centric…

Read More

Murang’a farmers urge Govt to suspend Coffee Regulations 2019

Members of Gatagua Coffee Farmers’ Cooperative Society in Murang’a County have urged the government to suspend the Coffee Regulations 2019. During a Special General Meeting held recently, the farmers argued that the new regulations do not favor competition in the marketing of coffee hence denies them a chance to explore other opportunities for better returns….

Read More
sacco

Opinion: The merits of training Sacco staff

The fifth cooperative principle of education, training and information encourages Cooperative societies to hold education days through which members, stakeholders and the public are made to understand their operations. Staff training is an important strategy for any Sacco that wants to achieve its set goals. There might be a possibility that the staff hired in our…

Read More

Coop sector deserves Govt support, Kilifi DG says

Kilifi County Deputy Governor Flora Mbetsa Chibule has stressed the need to support cooperatives as key enablers of Kenya’s improved social and economic growth. Cooperatives, she said, cut across all the sectors of the economy, namely agriculture, mining, housing, transport, and manufacturing. In addition, they are known worldwide as instruments of poverty eradication and wealth…

Read More
Saccos

More Saccos moving towards agency model to reach more members

Saccos hired 3,430 agents in towns across the country in a strategy aimed at ensuring efficient and effective services for their members. According to the Sacco Supervision Report for 2022 released by the Sacco Societies Regulatory Authority (SASRA), 36 Deposit-Taking (DT) Saccos hired 3,430 agents to help them handle customer transactions, which helped to cut…

Read More
Saccos

Saccos urged to support development of local value chains in resident counties

The Ministry of Cooperatives and Micro, Small and Medium Enterprise (MSME) Development Cabinet Secretary (CS) Simon Chelugui has urged Saccos to support the development of different value chains in the country in order to uplift livelihoods. Speaking in Kakamega during the launch of Invest and Grow (IG) Sacco’s 2023-2027 Strategic Plan, the CS urged Saccos…

Read More
Uasin Gishu Boda boda riders

County set to award compliant Boda boda Saccos

Uasin Gishu County Cooperatives and Enterprise Development Chief Officer Ruth Samoei has announced that her docket is working on a plan to award Boda boda Saccos operating within Eldoret Central Business District. Speaking during the donation of branded umbrellas and reflector jackets to 14 Saccos conducted by the county Department of Trade, Industrialization, Tourism, Cooperatives…

Read More
Don`t copy text!