Month: June 2019

President urged to assent to Cooperative Amendment Bill 2016 as nation gears-up for International Coop Day

KAMPALA, Uganda: This year’s Cooperative Week Celebrations have been launched with a call for immediate assenting to the Cooperative Amendment Bill 2016 by the President. The week long event was launched by…

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International Cooperative Alliance and International Labour Organization reaffirm commitment to inclusive, sustainable development through co-ops

The International Cooperative Alliance (ICA) and the International Labour Organization (ILO) reaffirmed their century-long friendship and commitment to elevating cooperative enterprise by signing a new Memorandum of Understanding on Monday. The document states…

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New rules to protect Kenyan SACCO members

Kenya is working on new rules to tame deposit-taking SACCOs (DT-SACCOs) that fleece members through inflated charges, delays in reimbursement of deposits, and “reckless” lending and debt collection. This comes amid concerns…

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Cooperatives and social enterprises may hold the key to more and better jobs

Co-operatives and social enterprises achieve employment growth at least on a par with other types of organisation, and also create good quality jobs, according to a new report by the University of…

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Transport Paralyzed As Kangema Matatu SACCOs Strike

Commuters  using  Kangema-Murang’a town road  were on Monday  left stranded after local matatu SACCOs staged a demonstration. Four SACCOs which ply the road were protesting what they termed as intrusion of their…

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You must pay taxes, Kisumu boda boda riders told

Nobody will be exempted from paying tax, Kisumu county government has said as the standoff with boda boda riders escalated. The county government, which is embroiled in a dispute with the riders…

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City Hall freezes licensing of new matatu saccos in the CBD

Nairobi County government has frozen approval of new matatu saccos to operate in the city centre in a move aimed at decongesting the capital city. The county government wrote to the National…

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Kenya roots for harmonized quality standards for enhanced intra-Africa trade

NAIROBI: Kenya on Wednesday called for harmonized quality product standards across African countries in order to enhance intra-Africa trade. Peter Munya, cabinet secretary in the Ministry of Industry, Trade and Cooperatives, called on…

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Six cooperatives supported by Nema-Chosso generate D11M

In an exclusive interview on Tuesday, 18 June, 2019, with the National Agricultural Land and Water Management Development Project (Nema), Mr. Momodou L. Gassama, the project director, gave the latest updates on…

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This is why SACCO loans are more preferable than bank loans

If you’re keen enough you must have noticed that today more and more banks are pledging to lend cheaply to borrowers. This has seen Kenyans turn to SACCOs, with the proportion of…

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