Ruto reiterates commitment to support cooperative movement

President William Ruto has reiterated that the national government is keen on supporting cooperative societies to improve the economy of the country.Speaking during the 101st Ushirika Day Celebrations at the Kenyatta International Convention Centre, the president said the government will work with cooperatives to improve livelihood of Kenyans.“My administration understands the importance of cooperatives. That…

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Saccos go big in publicity campaigns to woo new members

Savings and Credits Cooperative Societies (Saccos) in Embu County have enhanced publicity programmes to expand their customer base among the youthful digitally suave potential investors while retaining the traditional clientele of the elderly. Despite the high adoption of technology to ensure various services are easily accessible to the customers, the Saccos have not abandoned the…

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Kihika urges Sacco leaders to embrace good leadership for survival of cooperatives

Nakuru county Governor Susan Kihika has urged Sacco leaders to embrace good leadership to ensure the survival of their societies. In a speech read on her behalf by Deputy governor David Kones during the 101st Ushirika day celebrations, Kihika said Saccos are great contributors of economic development hence they should be managed well to safeguards…

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SACCO

County to roll out programme to revamp ailing cooperative sector

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…

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County to enact laws strengthening cooperatives, CECM reveals

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.  Speaking at Busia Agricultural Training Centre in Busia town during the 101st Ushirika Day celebrations, Omuse disclosed that some of the issues they…

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SACCO

The importance of Ushirika Day celebrations to coop sector

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…

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101st Ushirika Day celebrations to be held on July 1

Cooperative movement stakeholders are gearing up to celebrate the 101st International Day of Cooperatives (Ushirika Day) on July 1, 2023 at the Kenyatta International Convention Centre (KICC). The event which is themed “Cooperatives for Sustainable Development” will be graced by President William Ruto as the chief guest. Since 1923, cooperatives from around the world have…

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Saccos growth threatened by low savings due to rising inflation

By Azael Masese Kenya’s saving rate might decline due to skyrocketing inflation, raising fears on the country’s ability to raise the necessary capital for investment. The cooperative sector and Savings and Credit Cooperative Societies (Saccos) in particular stand to be the biggest losers. As Kenya marked the 100th Ushirika Day on 2nd July 2022, it was praised…

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Sweeping reforms in cooperative sector as NACOs now replaced with Federations

By Roy Hezron As Kenya joins the world in celebrating the International Co-operative Day, locally known as Ushirika Day, the National Co-operative Policy has restructured the co-operative movement in the country as part of sweeping reforms in the sector. Apart from the policy recognizing co-operatives as private business organizations, it has also proposed a new…

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