Agriculture - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Machakos cooperatives receive support to improve marketing of farm produce

Sacco ReviewJuly 11, 202404 mins

Four Saccos in Machakos County have received support from the county government through the Emergency Locusts Response Fund (ELRP) in order to improve on collective marketing of farm produce and increase access to savings and credit facilities. The four farmer producer organizations will receive an inclusion grant of KSH500,000 each through ELRP programme which today…

KCB responds to auditor queries on Hustler Fund

Sacco ReviewJuly 10, 2024July 11, 202406 mins

KCB Bank Kenya Limited has issued a response to the queries raised by the Office of Auditor General on Financial Inclusion Fund (Hustler Fund). Auditor General Dr Nancy Gathungu had issued a disclaimer opinion, citing inconsistencies in the management of the fund. Through a statement from the bank Managing Director Annastacia Kimtai , the financial…

KRA records 11.1 per cent growth in revenue collection, misses target

Sacco ReviewJuly 10, 202409 mins

Kenya Revenue Authority (KRA) has recorded an increase in revenue by 11.1 per cent in the Financial Year 2023/2024 up from 6.4 per cent in the previous financial year. The authority collected KSh2.407 trillion compared to KSh2.166 trillion in the previous financial year. KRA says the performance translates to a performance rate of 95.5 per…

No coin of Hustler Fund has been lost, CS Chelugui says

Sacco ReviewJuly 9, 202406 mins

Cabinet Secretary Ministry of Cooperatives and MSME Development Simon Chelugui has maintained that no money has been lost from Financial Hustler Fund. The CS who issued a press statement on Tuesday July 9 said the Ministry has all documentation in connecting with the loans issued through Hustler Fund. Auditor General Dr Nancy Gathungu had issued…

Newly elected KTDA directors in Bomet want new tea factories

Sacco ReviewJuly 8, 202403 mins

Directors elected by farmers in the just concluded Kenya Tea Development Agency (KTDA) elections in Bomet County have vowed to ensure at least two new factories are built to decongest existing ones. Rono Kipngeno, representing Ndaraweta Zone and director for Singorwet Zone Robert Rono said there has been delays in the collecting green leaves. Rono…

Stima Sacco celebrates 50 years of changing lives

Sacco ReviewJuly 5, 2024July 5, 202404 mins

“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…

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

Sacco ReviewJuly 5, 2024July 5, 202404 mins

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…

National Housing Cooperation advertises 59 job vacancies

Sacco ReviewJuly 3, 2024July 3, 202403 mins

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…

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

Sacco ReviewJuly 3, 2024July 3, 202405 mins

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…

Unaitas Sacco opens new branch in Murang’a

Sacco ReviewJuly 3, 202403 mins

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…