Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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…
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…
Universal Traders Sacco Chair Fredrick Ngumbi has called on women to vie for positions in Saccos in the country. The chair who was speaking during UTS Member Education Day in Tala, Machakos County noted that apart from joining Saccos as members women should be in the frontline in vying for positions. He said Universal Traders…
Faulu Microfinance Bank has secured more than KSh 900 million from its parent company, Old Mutual, to enhance its operations and revamp its business model for sustained growth. The company plans to utilize the funds to expand its digital banking services and to realign its distribution channels and human resources to promote sustainable growth. Faulu…
“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…
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…
The government is now aiming to have Kenyans embrace saving culture for betterment of their financial well-being. Cooperatives Principal Secretary Patrick Kilemi says more than 18 million Kenyans are not in cooperatives and the government is pushing to have them save the little they make through cooperatives. The PS says they are encouraging Kenyans to…
The Nandi County Government is establishing a coffee milling plant worth KSh60 million to facilitate the production and processing of the cash crop. According to Hillary Serem, the county government’s coffee milling plant will become operational later this month as electricity installation continues. The coffee milling plant will cater for the requirements of the cash…
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…
