A tribute to iconic cooperatives’ leader

By Kage Njoroge Prominent cooperative industry leader, Stanley Charles Muchiri rose from a humble background to climb to the highest echelons of cooperatives leadership at the global arena.  He joined the country’s cooperative sector at its formative stage in early years of independence and had witnessed it flourish to a competitive investment platform. He passed…

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Self-employed workers told to save for retirement

By Erick Nyayiera Individuals who are self-employed in Siaya County have been encouraged to embrace the culture of saving for retirement as a security measure for their old age. According to Retirement Benefit Authority (RBA) Cooperate Communication Manager Rose Kwena, those in self-employment should ensure they join the various private and occupational pension schemes to…

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Church launches Women Sacco

By Godfrey Wamalwa Anglican Church of Kenya Katakwa Diocese Women Sacco became the 100th to be registered in Busia County following the partnership between the County Government and Busia Women representative Florence Mutua. Mutua who presided over the launch in Amagoro recently pledged Sh500, 000 from the Affirmative Action Fund to help in kick-starting the…

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Unaitas eyes bank status

By Our Reporter Unaitas Sacco, which recently opened its 25th branch in Kisumu city, is eying to become a fully-fledged commercial bank. Unaitas Chairman Joseph Kabugu said the institution has invested Sh700 million on infrastructure upgrade in readiness for commercial banking. “We are ready to go, even if the licence was to be granted today….

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Tussle rocks the relocation of coffee co-op factory

By Talarus Chesang Baringo coffee farmers have opposed ongoing plans to relocate a multi-million coffee factory from Katimok Forest in Baringo North to Koibatek Agricultural Training Centre (ATC) in Eldama-Ravine. Residents put on the spot the County Governor Stanley Kiptis over earmarked relocation of the Sh100 million-worth coffee factory. “Construction of the modern Coffee Milling…

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Sh9.9bn loan defaults strain Saccos

By Munene Maina Delay in remittance of loan repayment deductions by the National and County governments is causing headache for Sacco bosses. This has seen the growth rate of non-performing loans (NPLs) for most Saccos derailing growth in their businesses. New Sacco Societies Regulatory Authority (SASRA) survey also indicated some governmental institutions particularly public universities,…

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