Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Nairobi Woman Representative Esther Passaris has urged the National Treasury to push the 5 per cent withholding tax on the interest income earned from the infrastructure bonds to 20 per cent. She revealed this in a statement on Thursday, May 16, 2024 seen by Sacco Review where she noted that the current proposed tax will…
Co-op Bank has released its financial report for the first quarter of this year. The report showed that the bank had a profit after tax growth of 7.7 per cent to KSh6.58 billion which is an increase of KSh470 million from KSh6.11 billion posted during last year’s first quarter. The bank also reported a profit…
Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs), Isaac Chelugui, revealed on Wednesday, May 15 that Kenya’s coffee was voted as the best coffee in a global competition. The World Coffee competition (WCC) was held in South Korea at the beginning of May. The recent competition featured several companies showcasing their…
The CEOs of major Kenyan banks, including Equity, KCB Group, NCBA, Diamond Trust Bank (DTB), Standard Chartered Kenya (StanChart), and Absa, received a monthly pay exceeding KSh65 million last year. In the previously mentioned list of the top six banks, KCB Group’s Chief Executive, Paul Russo, was among the highest earners, receiving a monthly gross salary of KSh14.8…
At long last Martin Ogola Dima can now take over as the new substantive Managing Director of South Nyanza Sugar Company Limited after the Court cleared him free of guilt. The Employment and Labour Relations Court in Kisumu threw out a suit challenging his recent appointment by the firm’s Board of Directors chaired by Jared…
Ministry of Cooperatives and MSME Development has disbursed KSh52,212,976 Coffee Cherry Advance Revolving Fund (CCARF) to 3328 coffee farmers across 15 counties Cooperatives Cabinet Secretary Simon Chelugui indicated in statement on Tuesday that the funds were released between May 6, 2024 and May 13, 2024 through New Kenya Planters Cooperative Union (KPCU). A total of…
CIC Insurance Group’s 2023 profit after tax increased by 818 per cent of Sh1.4 billion as a result to the improved investment income and growth in insurance revenue. “The business maintained a growth trajectory driven by the execution of our transformational initiatives focusing on customer experience, performance management, operational efficiency, digital transformation, research and innovation,…
Kajiado County Executive Committee Member (CECM) for Gender, Co-operatives, Culture, Tourism, and Wildlife, Janet Sereu has encouraged upcoming self-help groups and Saccos to enhance their governance by learning from well-established Saccos. The committee member who attended Ongata Rongai Muungano Women Housing Cooperative Society 5th Annual General Meeting in Ongata Rongai Kajiado North Sub-county noted that…
Mumias East Constituency Member of Parliament, Peter Salasya, recently supplied 2,000 farmers with maize seeds to be planted during the rainy season. Salasya says that food security in his constituency.The MP also provided 5,000 farmers from Mumias East with certified bean seeds, avocado tree seedlings, and mango tree seedlings for planting. READ ALSO: Public Service…
The Public Service Commission (PSC) has advertised 19 positions for several vacant posts in the Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSME) Development. In announcement seen by Sacco Review, PSC announced that there are three vacancies for the Senior Deputy Commissioner for Co-operative Development post under Civil Servant Grade (CSG) 5. For…
