Commissioner for Cooperatives Development, David Obonyo, speaking during a past event-Photo|Courtesy
Government warns Saccos against borrowing to pay dividends
The Commissioner for Cooperatives Development, David Obonyo, has sounded a stern warning to cooperatives and savings and credit societies (Saccos) that resort to borrowing money to declare dividends and rebates. Speaking during the launch of a four‑year strategic plan for Mhasibu Sacco, Obonyo said such practices amount to deception and will attract punishment under tightened…
Kenneth Mutahi (center), CEO of Kenya National Chamber of Commerce and Industry speaking during a previous press briefing-Photo|Courtesy
KNCCI urges targeted support as rising fuel costs hit transport, SMEs and export sectors
The Kenya National Chamber of Commerce and Industry (KNCCI) has sounded the alarm over escalating fuel and logistics costs, warning that the burden is already weighing heavily on transport operators, small and medium-sized enterprises (SMEs), and export sectors. In a statement, the chamber noted that the latest surge in fuel-related expenses is driving up food…
Airport Sacco faces KSh49.9 million loan default by former officials and staff
Airport Sacco is grappling with a massive loan default amounting to KSh49.96 million, owed by former board members and employees, according to a Supervisory Committee report presented ahead of the institution’s Annual General Meeting. The report reveals that the former Chief Executive Officer alone owes KSh27 million, while the former chairman is indebted to the…
Kakamega Governor Fernandes Barasa addressing residents recently. File image
Kakamega women, youth benefit as County disburses Ksh 12 Million to boost income generating projects
Women self-help groups and youth from Kakamega County are smiling after the County Government of Kakamega has disbursed Ksh 12 Million to help them boost their income generating projects. According to the County, 120 groups of the County Youth Service and Women Empowerment Programme (CYSWEP) in all the 60 wards and each ward which has two registered…
Sugar Sector Transporters Association of Kenya (SSTAK) National Chairman addressing the press. Photo by Fredrick Odiero
Sugar sector transporters want regulations put in place to weed out cane cartels
Transporters in the sugar sector now want the Kenya Sugar board to come up with regulations in order to make cane farming ventures more profitable. Led by the National Chairman of the Sugar Sector Transporters Association of Kenya (SSTAK) Dr. Paul Orengo, they said the regulations will go a long way in weeding out cartels…
Meru County Cooperative Forum CEOs Technical Team chairman and Meru Dairy Union CEO Kenneth Gitonga follows the proceedings during the forum AGM held at Kamundi hall in Meru town.
Meru residents urged to support the Amended Meru County Cooperative Act for progress and stability
Residents of Meru County have been urged to fully support the newly Amended Meru County Cooperative Act in order to ensure the stability and progress of the cooperative movements in the region. The call was made the Meru County Cooperative Forum chairman Emphantus Majau, Meru County Cooperative Forum CEOs (Technical team) chairman Kenneth Gitonga and…
Munyiri Africa Foundation founder Bishop David Thagana addressing the press. Photo by John Majau
Boost for SMEs as Foundation advances entrepreneurship, financial literacy training
The Small and Medium Enterprises (SMEs) in the country have received a major boost after Munyiri Africa Foundation scaled up entrepreneurship and Financial Literacy training, and also providing seed capital to help them grow. According to the organisers, the programme is aimed at mentoring and imparting relevant knowledge and skills to the youth which will help…
Water and Sanitation Cabinet Secretary Eric Mugaa.
Ksh100 million released for Kiirua/Buuri water project as State outlines development push
Water and Sanitation Cabinet Secretary Eric Mugaa has released Ksh100 million for the Kiirua Buuri water project, in a move aimed at expanding irrigation and improving livelihoods in Meru County. Speaking during the launch, Mugaa said the funding is part of a broader government strategy under President William Ruto to ensure citizens access opportunities for…
MSEA CEO Mwenda Rithaa (l) alongside other officials during the training forum in Mjini Slum. Photo by John Majau
Meru slum women to benefit from Juakali machines as MSEA expands grassroot support
Women from Mjini informal settlement in Meru are set to acquire business equipment under the government’s Bottom-Up Economic Transformation Agenda after undergoing training on how to access enterprise funding through the Micro and Small Enterprises Authority (MSEA). The women, organised in more than 30 table-banking groups, said they are preparing to benefit from machines such…
Shirika DT Sacco national chair speaking during the Sacco’s 56thADM
Shirika DT Sacco among Saccos with affordable credit
Shirika DT Sacco Society Limited has continued to position itself as a key player in providing accessible and affordable credit, offering some of the most competitive loan products in the SACCO sector. The cooperative is recognized for its low interest rates, minimal processing fees, and flexible repayment periods, making it an attractive option for members…
