Sacco Review

Stima Sacco CEO Gamaliel Hassan

Stima Sacco celebrates 50 years of changing lives

“Stima Sacco was established in 1974. It started with the goal of providing financial services to employees in the energy sector in the country,” says Stima Sacco CEO Gamaliel Hassan in a recent  interview with one of the media house. “At the beginning, it aimed to provide savings and credit services to its members to…

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John Chebochok

Uproar as candidate accused of sexual abuse elected director of tea factory

The United Kingdom (UK) Multinational James Finlay has written a letter requesting the removal of John Chebochok from his position as Director of Toror Tea Factory, a Kenya Tea Development Association (KTDA) factory. In a letter signed by Ben Woolf addressed to Enos Njiru Njeru, Wilson Muthaura of KTDA dated July 1, 2024 and seen…

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SACCO
Cooperative PS Patrick Kilemi

More than 18 million Kenyans have not joined cooperatives

The government is now aiming to have Kenyans embrace saving culture for betterment of their financial well-being. Cooperatives Principal Secretary Patrick Kilemi says more than 18 million Kenyans are not in cooperatives and the government is pushing to have them save the little they make through cooperatives. The PS says they are encouraging Kenyans to…

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Nandi County Governor Stephen Sang

Coffee producers in Nandi to benefit from KSh60 million milling plant

The Nandi County Government is establishing a coffee milling plant worth KSh60 million to facilitate the production and processing of the cash crop. According to Hillary Serem, the county government’s coffee milling plant will become operational later this month as electricity installation continues. The coffee milling plant will cater for the requirements of the cash…

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NHC Managing Director/CEO David Mathu Njuguna

National Housing Cooperation advertises 59 job vacancies

The National Housing Corporation (NHC) has announced job vacancies totaling 59. In an advertisement notice issued by My Gov on Tuesday, July 2, 2024 NHC said those interested should visit www.nhckenya.go.ke/careers or careers.nhckekenya.go.ke. for applications. “As part of our commitment to achieving excellence and driving innovation in the housing sector, we are seeking to recruit…

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One of the properties of Home Afrika.

Loss-making Home Afrika sells land, houses to clear loan

Home Afrika, a real estate company listed on the stock exchange, is selling some of its assets, including houses and land, in order to repay an outstanding loan of KSh79 million from I&M Bank. Home Afrika intends to sell six housing units from its Mitini Scapes Development, located along Kiambu Road and Lake View Heights in Kisumu. The purpose of this sale is to repay…

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The branch will serve members from Murang'a and its environs

Unaitas Sacco opens new branch in Murang’a

Unaitas Sacco has expanded its branches in the country to 32 after opening a new branch in Kigumo, Murang’a County. The Sacco Chief Executive Officer (CEO) Martin Muhuhu said the firm will remain committed to offering reliable financial services to Kenyans. Speaking during the opening, the CEO asked financial institutions to show unwavering commitment to…

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Sacco Review team during the last year's International Day of Ushirika Day at KICC. Photo Obegi Malack

Ushirika Day Celebrations scheduled for July 6 postponed indefinitely

The 102 International Day for Cooperatives also dubbed Ushirika Day in Kenya that was scheduled for Saturday July 6, 2024 has been postponed until further notice. In a memo by the National Ushirika Day Celebration Council addressing all the Cooperative Societies, dated July 1, 2024 and seen by Sacco Review, attributed the move to the…

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Chuna Sacco members during a past function.

Chuna Sacco announces job vacancy for Chief Executive Officer

Chuna Sacco Society Limited, a tier-3 deposit-taking Sacco regulated by the Sacco Societies Regulatory Authority (SASRA) and located in Nairobi, is looking to hire a qualified and professional Chief Executive Officer who can effectively align with the Sacco’s goals and objectives. The role involves providing daily leadership, management, and vision to ensure the efficient and…

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Farmers delivering their tea leaves at the Iria-ini tea collection centre, have lamented over payment of low bonus and misuse of funds by the Iria-ini tea factory management. Photo Macharia Kiarie.

14 Nyeri tea directors sent home as new ones takes over

Tea farmers in Nyeri County have elected new directors to manage their tea factories. The farmers sent home 17 directors, re-electing 3 who were directors at Rigati, Chinga and Gathuthi, the elections exposed frustrations the farmers have been going through under leadership of the former directors. READ ALSO: Kisumu ranked among 1000 most innovative cities…

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