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

Sacco ReviewApril 18, 2024April 18, 202407 mins

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,…

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

Sacco ReviewApril 18, 2024April 18, 202405 mins

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…

Higher returns for coffee farmers as NCE prices soar

Sacco ReviewApril 18, 2024April 18, 202408 mins

The ongoing coffee reforms are bearing fruit as prices at the Nairobi Coffee Exchange (NCE) shoot up to all-time highs, the last week of February auction has given the solid proof. During the week’s auction on February 27, 2024, the prices rose to $9 million (approximately KSh717. 5 million), with action volume increasing to KSh1.3…

TSC stopped 11,310 teachers’ remittances to Metropolitan Sacco

Sacco ReviewApril 18, 202404 mins

The Teachers Service Commission (TSC) released a list teachers whose remittances to Metropolitan Sacco had been stopped and those who are still active members. In a letter dated April 4, signed by TSC CEO Dr Nancy Macharia, directed to clerk of Senate, she said 11,310 teachers’ remittances were stopped while 2,401 teachers were still members…

Steady rise of Joyce Ndegwa from clerk to CEO of Mentor Sacco

Sacco ReviewApril 17, 202406 mins

Mentor Sacco Chief Executive Officer (CEO) Joyce Waceke Ndegwa is one of the most highly rated female leaders in the cooperative sector in Kenya. Waceke, the lead actor in this increasingly illustrious cooperative society, exhibits deep knowledge of the Sacco sub-sector. “You need to understand your industry thoroughly; new and emerging trends, and threats and…

Asili Sacco recruits a record 3,500 members in 2023 as it casts net wider

Sacco ReviewApril 17, 2024April 17, 202403 mins

Asili Deposit Taking Sacco Society Limited, taking a huge leap in performance across board, pulled a major stunt in membership as 3,500 more were added into the fold in the year ended December 2023. In financial reports released by the Sacco National Chairman Evans Kegode Aluda during the Sacco Annual Delegates Meeting (AGM) in KICD…

Iconic Hilton Hotel in Nairobi’s CBD put up for sale

Sacco ReviewApril 17, 2024April 17, 202403 mins

Interested parties have been invited to purchase iconic Hilton Hotel situated in the Nairobi’s Central Business District. Both State and Hilton International Hotel Limited on Tuesday, April 16, separately invited expressions of interest from willing buyers to acquire 100 per cent equity stake in the hotel. In an advertisement published in one of the dailies…

Defaulters on Sacco loans accused of denying others chance to borrow

Sacco ReviewApril 17, 2024April 17, 202404 mins

Kericho County Commissioner of Cooperatives Dr Leonard Otii has said defaulters on loans and those who delay repayments are denying other members a chance to use the same facility. Speaking during Simba Chai Sacco’s Annual Delegates Meeting (ADM), Otii was concerned about the high rates of delinquency witnessed in some societies, which he cautioned the…

State keen on fulfilling affordable housing promise, DP Gachagua says

Sacco ReviewApril 16, 2024April 16, 202402 mins

Deputy President Rigathi Gachagua has said that the Government is committed to ensure the success of the affordable housing programme. He said the programme is enabling youth earn their daily bread and has also assisted in reducing cases of alcoholism and drug abuse. “The President is very clear on his intention which is for the…

Kajiado County inspectorate officers will not use excessive force, assures Governor Lenku

Sacco ReviewApril 16, 2024April 16, 202402 mins

Kajiado County Governor Joseph Ole Lenku has said there will be no excessive force and harassment of business people by county inspectorate officers. This is after he graced the pass out of two hundred inspectorate officers who had undergone a rigorous training at Kasarani Stadium which is managed by Sports Kenya. They were trained on…