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President Ruto urges investors to put their money in Kakamega

Sacco ReviewMarch 21, 2024March 21, 202405 mins

Inaugural Kakamega international investment conference (KAIICO) gathered leaders from the National Government, Western Kenya, and Kakamega County respectively to showcase the potential for partnership and collaboration. Addressing the event, President William Ruto emphasised the need to attract both local and foreign investments as one way of transforming the vast potential of counties across all sectors…

ABSA bank raises dividends after strong 2023

Sacco ReviewMarch 20, 2024March 21, 202402 mins

Absa Bank reported a net profit of KSh16.4 billion for 2023, up 12 per cent from the previous year thanks to rising revenues as a result of increased funding of core sectors fueling Kenya’s economic growth. READ ALSO: Jubilee Insurance scoops three awards in annual fete The firm’s board announced a 15 per cent increase…

Hope for sugarcane farmers as Sugar Bill 2022 in the offing

Sacco ReviewMarch 14, 2024March 14, 202405 mins

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

Sacco ReviewMarch 13, 2024March 13, 202402 mins

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

Sacco ReviewMarch 13, 202401 mins

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

Sacco ReviewMarch 11, 2024March 11, 202404 mins

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

Sacco ReviewMarch 8, 2024March 8, 202403 mins

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

Sacco ReviewMarch 8, 2024March 8, 202404 mins

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

Sacco ReviewMarch 8, 202405 mins

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

Sacco ReviewMarch 8, 202402 mins

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…