Bamburi plant

Bamburi Cement posts net loss of KSh399 million, raises shareholder payouts

Bamburi Cement Plc recorded a net loss of KSh399 million for the year ended December 31, 2023 compared to a net loss of KSh181 million it posted in 2022. However it raised its dividend payout to shareholders 7.3 times translating to KSh1.99 billion as a result of increased financial muscle. Bamburi CEO Mohit Kapoor said…

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Co-operative University of Kenya Deputy Vice Chancellor Prof. Esther Gicheru. She is the Board Chair of Kenya Society of Professional Co-operators. Symon Mburia.

Co-op professional body releases this year’s training plan for sector players

The Kenya Society of Professional Co-operators (KSPC) has officially released its training plan for this year targeting key players in the sector. The training, spread out throughout the year started February, will basically target Chief Executive Officers (CEOs) and their deputies (D/CEOs), Heads of Departments (HoDs), Boards and Supervisory Committees, and staff working in the…

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Cooperatives and MSMEs Cabinet Secretary Simon Chelugui speaks during the recent Kigumo basket weavers’ expo and fundraiser.

Government to develop new app to link artisans with customers, CS Chelugui says

Cooperatives and MSMEs Cabinet Secretary Simon Chelugui has said that Government will develop various apps to assist artisans market products within and outside the country. The CS said that through digital marketing, artisans will to attract potential buyers worldwide which will uplift their livelihoods. The CS spoke during the recent Kigumo basket weavers’ expo and…

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Sacco National Chairman Harrison Katoni during the Annual Delegates Meeting. Photo:Obegi Malack

Jamii DT Sacco posts impressive growth to pay high dividends in 2023

Jamii Sacco has recorded growth in gross revenue by 4 per cent in the year ended December 2023, rising from Ksh 657.8 million to Ksh 682.5 million. Based on the good performance in this and a diversity of other parameters, the board paid out dividends on share capital and savings at the rates of 13…

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Gatundu South MP Gabriel Kagombe.

Tea directors in Mt Kenya want Government to stop regrouping cartels

Tea directors from factories in the Mount Kenya region have lamented over the resurgence of cartels who want to siphon farmers’ money. The directors hailing from Zones one to seven, said that the well-connected individuals are on a mission to sabotage tea reforms by the Government. The State has been undertaking various reforms to liberate…

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Kileleshwa Estate in Nairobi. Photo:courtesy

Report shows an acre of land in Nairobi suburbs hit record high of KSh203 million

Land prices in Nairobi’s suburbs defied tough economy to increase by 1.3 per cent per acre on average in the first quarter of 2024, shows HassConsult’s latest land price index. According to the report, average price per acre in the satellite estates now is KSh203.7 million, surpassing the KSh200 million mark for the recorded in…

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Machakos Governor Wavinya Ndeti speaks during roundtable meeting with investors at the Machakos International Conference Centre on April 17. Photo;courtesy

Governor Wavinya urges investors to seize opportunities in Machakos

Machakos Governor Wavinya Ndeti has urged both local and international investors to take advantage of the numerous investment opportunities, ample returns on investment and improved business environment in the county. Speaking on April 17 at the Machakos International Convention Centre when she hosted investors in a round table meeting attended by Cabinet Secretary for Investment,…

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Kajiado County women during the training. Photo: Obegi Malack

Kajiado women, boda boda riders trained on financial literacy, entrepreneurial skills

Kajiado County women and boda boda operators have been empowered with financial literacy and entrepreneurial skills that will help them gain wealth, survive economic shocks, and manage their finances better. The Financial Inclusion in Kenya and Tanzania (FIKT) Project by the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) and Visa is aimed at…

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Safaricom PLC CEO Peter Ndegwa (right) and Kisumu Governor Anyang' Nyong'o chat with a woman admitted in the health facility when the M-PESA Foundation handed over a newly constructed and equipped Maternal and Child Health Unit at Ratta Health Centre, in Seme Constituency on April 12. Photo: Courtesy

M-PESA Foundation injects KSh20 million in Kisumu, Siaya to boost access to healthcare

The M-PESA Foundation has invested over KSh20.96 million in Kisumu and Siaya counties to construct a maternal health care unit and organise a medical camp aimed at increasing access to a broad range of health services. These initiatives, the Foundation CEO Peter Ndegwa, said will help lower risk of pregnancy complications such as hemorrhage, infection,…

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The new CEO of Gusii Youth Bungee Sacco Limited Clive Ontita. Photo: Enock Okong'o

Kisii Youth Bunge Sacco re-brands to Gusii Youth Bunge Sacco Limited

Kisii Youth Bungee Sacco has re-branded to Gusii Youth Bungee Sacco Limited to accommodate the increasing membership both in Kisii and Nyamira counties. The new Chief Executive officer (CEO) Clive Ontita who replaced Evans Makori, who joined Nyaribari Chache Constituency office, said the Sacco has increased its membership tremendously attributing it to aggressive recruitment done…

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