Regions
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Forum urges SACCOS to adopt new technologies
Cooperative movements have been urged to adopt more technological solutions to match changing customer needs and confront emerging challenges such as cyber security. At an annual workshop convened by Cooperative Bank, through…
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Why you should not bank on pension for good life in old age
Kenya: Kenyans are saving much less with pension schemes than experts recommend as daily basic needs and other saving and investment opportunities take priority, reveals a NationNewsplex review of pension data. Consequently, pensioners…
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Five top saccos boast Ksh149bn savings, assets
Nairobi, Kenya: Five savings and credit co-operative societies (saccos) are now among the country’s top lenders after accumulating savings and assets worth KES 149.9 billion as at the end of the last…
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Uganda and Kenyan authorities to cooperate in new defense, trade agreement
Ugandan and Kenyan traders will be the biggest beneficiaries after their two countries yesterday signed a raft of agreements meant to ease trade, cement political ties and improve their social/cultural connections. The…
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Safaricom to launch M-Pesa in Ethiopia in September
Nairobi, Kenya: Growing a business might be about focusing on one thing, but also taking things to the next level. Safaricom PLC, the largest telecommunications provider in Kenya, and one of the most…
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Safe Boda founder, Uganda’s biggest motorcycle SACCO, Ricky Papa Honored by Egyptian President
Cairo, Egypt: Boda Boda’s (Motorcycles) have been blamed for many accidents across the country, with some gangs making use of bikes to make quick getaways after committing crimes. But the trend seems…
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IFAD, EU announces innovation funds for Rural youth cooperatives worth 200m Euros
Rome, Italy: Youths in sub-Saharan Africa, like Uganda living in rural areas but organized under cooperatives, are set to benefit from the just announced Impact Fund for an innovative approach. IFAD, along…
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Over 500,000 Kenyan Tea farmer to get smart cards for easy cash transactions
Nairobi, Kenya: The most disgruntled Kenyan today must be the farmer who chose to stick with coffee, tea or sugarcane — never mind that coffee, tea and sugar still take their pride…
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Self-Driving Tractors Yet to Convince Farmers to Hand Over Keys
Perhaps sooner than later Cooperatives engaged in wide-scale farming may not need to sit behind their tractors when ploughing or harvesting, but not all farmers are ready to give up control of…
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Traders cry foul for missing out on credit over SACCO management
Hoima Central Market Vendors are crying foul for missing out on loans from the Micro-Finance Support Center because of a dormant Savings and Credits Cooperative Organization. Some of the vendors, who spoke…
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