Outlook for Co-op industry in 2020
By Jackson Okoth Economists are already projecting tougher times for Kenya’s economy this year. But even with grim prospects and gloomy statistics, the resilient Co-operative industry is putting on a brave face. Latest figures from Sacco Societies Regulatory Authority (SASRA) databases indicate that Kenya’s Sacco Sub-sector holds total assets worth more than Sh 442.3 billion…
Ushirika Day: Best Saccos in Picked
High achievers in the Sacco business named By Jackson Okoth Kenya Police Sacco was voted the Best Managed Saving and Credit Co-operative Society countrywide during a prize-giving ceremony to mark the 97th of International Day of Co-operatives, held at Safari Park Hotel in Nairobi.
Hope for sugarcane farmers as Sugar Bill 2022 in the offing
The Senate Standing Committee on Agriculture has assured cane farmers across the country of their commitment to fast-track the passing of Sugar Bill 2022 to resuscitate the ailing industry. The Committee Chairman Senator James Murango said President William Ruto is keen to assent to the Bill noting that the Senate is doing everything within its…
Jubilee Insurance scoops three awards in annual fete
Last year’s best performing insurance companies were awarded in different categories during the Association of Insurance Kenya (AKI) Agents of Year Awards ceremony held recently. Jubilee Insurance was feted in three categories. It scooped the company of year award as well as most improved company of the year and highest growth in number of policies….
StanChart raises dividend payout by 31 per cent
StanChart said it will raise its dividend by 31.8 per cent to KSh29 a share compared to 15 per cent representing KSh16 per share it had paid in 2022. In December, the lender had paid a KSh6 a share interim dividend, and now it has increased the final payout to KSh23 per share from KSh16…
KBA hires acting CEO as Olaka retires by month-end
Dr Habil Olaka, a towering figure at Kenya Bankers Association for almost two decades, retires as its Chief Executive Officer (CEO) on March 31, the association announced. Olaka has been chief executive of the association since 2010. The governing council, in a statement, announced the appointment of Raimond Molenje as the acting CEO until a…
Seven factors to consider when buying land in Kenya
Prices of land in Kenya surge everyday. There are various factors to consider when buying land in the country. Some of the factors include; Papers/Documents You must carry out a search in the lands office to determine the ownership of the plot and if it’s genuine. The title deed should also be genuine. And also…
Lake Victoria artisanal fishermen to benefit from 300 boats
The Kenya Shipyards Limited (KSL), is constructing 300 new climate smart artisanal boats to promote blue economy activities in Lake Victoria. This will create active utilisation of maritime and marine resources and support inclusive and sustainable economic growth. KSL Managing Director Major General Paul Otieno said they are targeting fish traders providing transport services in…
Ruth Odinga: Embrace fruit, vegetable growing to boost income
Kisumu County Woman Rep Ruth Odinga wants farmers to diversify into aggressive fruits and vegetable growing to improve household food and nutrition security. She said that fruit and vegetable farming, if well exploited, can contribute to increased income for farmers. This will provide direct access to food that can be harvested, cooked, and served to…
Kisumu traders asks lawyer to drop case challenging bus park project
The traders said during a public participation organised by the county administration that they stand to lose if the case in court drags on for a long time. The lawyer moved to the Environment and Land Court to challenge the presence of the park in the area alleging that it would interfere with learning at…
Stanbic Holdings boosts dividend after KSh12 billion profit
Stanbic Holdings reported a KSh12.16 billion profit for 2023, allowing the lender to increase dividend to members. Annual profit was up 34 per cent from the previous year’s record of KSh9.06 billion after the net profit hit the highest in company’s history. READ ALSO: KenGen profit falls 9.2 per cent on weak shilling Therefore, Stanbic…
Linturi tours Taita Taveta with bag of goodies for farmers
By Michael Oduor/ oduormichael2021@gmail.com Taita Taveta County has received a mobile grain dryer from the National Government in an effort to assist farmers in mitigating post-harvest losses. Agriculture and Livestock Development Cabinet Secretary (CS) Mithika Linturi while launching the dryers said the equipment comes in handy to ensure efficiency in drying grains. This will result…