Author Archives: super user

M-Kula wins big at Fini Awards 2019

By Our Reporter  Local financial and technology firm Apptivate Africa scooped best Digital Feeding programme in recently concluded Fin Awards 2019. The award recognizes innovative and disruptive FinTech companies across the continent. The firm was honoured for making a simple solution to solve major corporate and social challenges for employers, dubbed M-Kula, which use digital meal vouchers. Speaking during the ...

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Amica CEO: This is what to consider before taking that loan

By Kage Njoroge Amica Sacco Chief Executive Officer James Mbui has advised cooperators to go take loans for development purposes. “Good loans help us seize investment opportunities when they arise, which give higher rate of return than the cost of loan taken,” he said. Mbui noted many Kenyans especially the youth fall into the trap of bad loans leading to ...

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DP Ruto urges farmers to diversify

By Wasike Elvis Deputy President William Ruto has called on maize farmers across the country to diversify and plant alternative crops. Ruto said crop diversification will help farmers increase their income base.  “Let us think outside the box and plant crops such as coffee, avocado, and macadamia as they have a ready market locally and abroad,” he said. He was speaking ...

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How IFRS 9 has affected Saccos

By Josphat Irura IFRS 9 – Financial Instruments became effective on January 1, 2018 and immediately replaced IAS 39, Financial Instruments – Recognition and Measurement. It was meant to respond to criticisms that IAS 39 was too complex, inconsistent with the way entities managed their businesses and risks and that it deferred the recognition of credit losses on loans and ...

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Safaricom Investment Co-op joins NSE’s Ibuka Program

By Jackson Okoth Safaricom Investment Co-operative has joined Ibuka, Nairobi Securities Exchange’s (NSE) premium incubation and acceleration programme for high growth companies in Kenya. The co-operative is joining the Accelerator Board of the programme following a rigorous evaluation and vetting process making it the 18th company to join the programme since its launch in December 2018. It boasts of a ...

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Kicomi factory re-opening to revive cotton co-operatives

By Jackson Okoth As the State mulls re-opening the moribund Kisumu Cotton Mills in a bid to revive the textile industry, focus has turned to the once robust cotton growers’ co-operative societies that either shut or are struggling. Uyoma Cotton Farmers Co-operative is one of them where wrangles have bedevilled this society for the past 39 years. Trouble for the ...

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Land buying firms ordered to surrender vital documents

By James Wakahiu  Land buying firms in Ruiru and Juja sub-counties have been directed by the Ministry of Land and Physical Planning to surrender their members register, mother title, maps and other related document so that the ministry can fast track issuance of title deeds.  Ruiru Sub-County Deputy County Commissioner Geofrey Ithai said the move was taken after the ongoing ...

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Maize farmers need more incentives, training

Award-winning don urges government to increase agriculture budget By James Wakahiu Maize famers in the country have been losing millions of bags due to poor post-harvest practices, a Mount Kenya University researcher Donatus Njoroge has said. Njoroge said that most farmers especially small scale farmers in the country have little or no knowledge of how to properly store and preserve ...

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2NK Sacco trains drivers on road safety

By Asa Maina 2NK Sacco recently organized a sensitization workshop for its drivers in a bid to sensitize them on road safety. 2NK Sacco Chairman James Kahiro said this was to prepare them as festive season and the closure of schools approaches. He noted that it was important for the drivers to be reminded on the need to maintain the ...

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Embu farmers irked by findings on coffee cooperative

By Kamundia Muriithi An inquiry into alleged malpractices at New Kyeni Farmer’s Cooperative Society has absolved the management from the allegations, but left the farmers dissatisfied. Farmers had accused the management of the Embu-based society of various malpractices and abuse of office, which they said led growers to uproot their coffee. The row escalated to a point where last year, ...

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