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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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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Nairobi Security Exchange.

Higher returns for coffee farmers as NCE prices soar

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…

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Mentor Sacco, Chief Executive Officer, Joyce Waceke Ndegwa.

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

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…

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Members of the Winas Sacco listen to speakers during a recent AGM.

Saccos in Mt Kenya teach members good money habits

The managements of various Saccos in Mt Kenya region have intensified campaigns to educate their members on skills for prudent management of borrowed funds in a bid to tame increasing cases of default in loan payments. Most Sacco are still grappling with recovery of funds held in defaults by borrowers mainly attributed to prevailing economic…

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GDC Sacco Society LTD Chairman Mburu Gitau. GDC Sacco members during the Annual General Meeting.

GDC Sacco seeks to grow its asset base to KSh8.5 billion

GDC Sacco Society Ltd (GDC) has embarked on an ambitious plan to grow its asset base to KSh8.5 billion as it seeks to be among the top 50 Saccos in the country. The Sacco which currently has over 34,000 members, who are mainly dairy farmers in the agriculture-rich Githunguri Sub-county in Kiambu County, is keen…

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Some of the investors elated after receiving their title deeds.

Joy as land buyers in Thika receive title deeds after years of wait

Investors who bought land through a Thika based land firm, the Lesedi Developers Limited, have a reason to smile after the firm began issuing them with title deeds after years of wait. Following many days of court battles between the firm and investors over the former’s failure to issue them title deeds and alleged multiple…

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Amica Sacco Chairman Hezron Muchira

Murang’a Assembly advised to make laws that will empower Cooperatives

The co-operative sector is one of the key economic drivers which contribute hugely to social and economic development in Murang’a County. In this consideration, the Murang’a County Assembly has been challenged to craft legal frameworks which would enable this crucial sector to upscale performance. According  to the chairman  of Amica Sacco  Society, Hezron Muchiri,  county…

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Governor Kiarie Badilisha speaking to Tower Sacco members.

Nyandarua county pledges to patronize Tower Sacco’s services

Governor Kiarie Badilisha has pledged that Nyandarua County will patronize the services of Tower Sacco whenever they require financial assistance or consultation. Speaking during the Sacco’s 48th Annual General Meeting (AGM) in Ol’Kalou, Badilisha said that the Sacco appealed to him because they are customer-centred and register all customers regardless of their financial status. He…

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Hazina Sacco Chairman Evans Kibagendi and Tutu Primary School Headteacher Nancy Njunge cut a ribbon to officially hand over the toilets built through their CSR initiative.

Hazina Sacco opposes introduction of levy on non-withdrawable Sacco deposits

Hazina Sacco Chairman Evans Kibagendi has opposed the introduction of a levy on cash deposits held by Non-Withdrawable Deposit-Taking Saccos by the Sacco Societies Regulatory Authority (SASRA) beginning January 2024. Kibagendi will greatly affect the revenue of Saccos as a whole, and the savings of individual members who are ideally the owners of the Saccos….

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