Capital Sacco Board of Management led by the CEO Eliezer Kaburu (second right) and Chairman Jackson Kinoti (third right) cut the cake to mark the launch of a Promotion Drive dubbed "Pepea na Capital Sacco" held at Gatimene Gardens in North Imenti constituency.

Capital Sacco launches promotion to reward members purchasing shares

Capital Sacco has officially launched an ambitious share drive promotion meant to recruit more members to the institution and reward those who add on their capital share. The promotion dubbed ‘Pepea na Capital Sacco’ aims at mobilising more members to buy more share capital with the winners set to be awarded with various prizes. The…

Read More
Kenya National Chamber of Commerce and Industry Kericho branch Pastor Robinson Bett and his team address the media during youths training. Photo: Benedict Ngetich

Kericho youths to benefit from commerce chamber loans

Kenya National Chamber of Commerce and Industry (KNCCI) Kericho branch will assist youths in the county to venture into small scale businesses through access to funds and financial training. The chairman of the branch Pastor Robinson Bett said the youths in the county urgently need financial help which should be provided after financial trainings and…

Read More
Market Day Traders Savings and Cooperative Society members during the AGM at Aram market in February 2024.

One-year-old Sacco becomes youngest to hold AGM this year

The Market Day Traders Savings and Cooperative Society has become the youngest to hold an Annual General Meeting (AGM) this year. The fast growing Sacco which is barely one-year-old has surprised players in the cooperative industry due to its fast paced growth in the fast changing trends within the sub sector. According to the Chairman…

Read More
Commissioner for Co-operative Development David Obonyo (right), Hazina Sacco National Chairman Evans Kibagendi (centre) and Director Paul Mwangi during Hazina Sacco ADM in Nairobi recently. Photo: Obegi Malack

Hazina Sacco members told to focus on affordable loans

Commissioner for Co-operative Development David Obonyo has challenged Savings and Credit Cooperative Organizations (Saccos) members to focus on getting affordable loans from their Saccos rather than high dividends. Speaking during the recently concluded Hazina DT Sacco Annual Delegates Meetings (ADMs) in Nairobi, he asked members to have long term investments through the Saccos, since co-operative…

Read More

Kilifi: Kaloleni cooperatives disburse Ksh175M loans

Kaloleni Sub-County Cooperative Officer Evans Malombo has revealed that the 32 registered cooperative societies in the area have disbursed loans amounting to Ksh175,420,309. He noted that the cooperatives have mobilized a turnover of Ksh41,424,998 and share capital of Ksh19,387,684. “Sadly, only 18 cooperatives are active,” he lamented, noting further that membership currently stands at 2,158….

Read More

Tea farmers receive Ksh10 B loans from Greenland Fedha Limited

Greenland Fedha Limited, a subsidiary of Kenya Tea Development Agency (KTDA), has issued loans worth Ksh10 billion this year compared to the Ksh5 billion it disbursed to small scale tea farmers the year before. The high amount issued follows the company’s move to deep slash the interest rates in December 2021. Greenland Fedha Limited Chairman…

Read More

Former Gor Mahia players mull turning welfare group to Sacco

Former Gor Mahia striker  Achieng Jared has talked of the need to turn Gor Mahia Legends Welfare Group into a Sacco. His sentiments follow Information Communication and Technology Cabinet  Secretary  Eliud Owalo’s move to pump a seed capital of Ksh1 million into the welfare group for sustainability and to enable them undertake income generating projects. “A…

Read More

Universal Traders Sacco honours pledge as trader steers off in Probox grand prize

Universal Traders Sacco has awarded Agnes Kalondu Nzuki a Toyota Probox, the car she won from a Ksh2000 stake she deposited to enter the grand draw at Kenyatta Stadium in Machakos County. The elated lady from Mutituni/ Ngelani Ward in Machakos County could not believe her luck. She was among the numerous winners who walked…

Read More
Not Allowed