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

Safaricom Investment Co-op launches 158th land project in Eldoret

Sacco ReviewMay 23, 202405 mins

Safaricom Investment Co-operative, in a move to expand its footprints across the country, has launched its 158th land project in Eldoret project. The 30- acre project dubbed ‘Adelaide Creek’ consists of quarter-acre projects priced at KSh2.5 million with amenities such as graded murram roads, a chain-like fence, and readily available electricity and water connections. SIC,…

Asman Mugambi appointed new CEO Jubilee Life Insurance

Sacco ReviewMay 23, 202402 mins

Asman Mugambi Ibrahim has been appointed as the new Chief Executive Officer Jubilee Life Insurance. In a statement, Chairman and Board of Directors in a said that Asman possesses over 20 years of extensive industry experience. Asman holds a Bachelor of Science (First-Class Honours) in Actuarial Science from the University of Nairobi. He has worked…

Nyanza governors distance themselves from upcoming investment conference

Sacco ReviewMay 23, 2024May 23, 202405 mins

Six governors from the Nyanza region have distanced themselves from a scheduled Nyanza International Investment Conference, expected to take place next month. The Governors’ namely Anyang Nyong’o of Kisumu, James Orengo (Siaya), Amos Nyaribo (Nyamira), Simba Arati (Kisii), Gladys Wanga (Homa Bay) and Ochilo Ayacko of Migori all said they have been sidelined in the…

Airbnb operators in Western Kenya put on notice

Sacco ReviewMay 23, 202407 mins

More than 70 per cent Airbnb operators in Western Kenya tourism circuit are not paying the 2 per cent tourism levy as the law stipulates. Tourism Act, requires various entities offering accommodation services to remit levies based on income generated every month. The levy payable is two per cent of income generated per month for accommodation, and…

KCB Bank grows first quarter profit by 53 per cent to KSh16 billion

Sacco ReviewMay 22, 202403 mins

Kenya’s KCB Group’s pretax profit for the first quarter of this year jumped 53 per cent, assisted by higher interest income, it announced on Wednesday, May 22. The lender, which also operates in Uganda ,Tanzania, Democratic Republic of Congo, Rwanda, South Sudan, and Burundi, said pretax profit rose to KSh21.16 billion from KSh13.85 billion in the…

Laikipia’s Ushanga Cooperative showcases Kenyan attire in Atlanta, US

Sacco ReviewMay 22, 202402 mins

Laikipia based Sossian Ushanga Marketing Co-operative Society Ltd took the opportunity to showcase Kenya’s rich cultural heritage globally. The society with more than 700 members, took the opportunity during the President William Ruto US state visit. The Retail Store that has ‘Made in Kenya’ brands in Atlanta, Georgia, US.Laikipia MP Jane Kagiri said the women…

Stima Sacco honoured with two prestigious awards at Cooperative Insurance Society AGM

Sacco ReviewMay 22, 2024May 22, 202403 mins

Stima DT Sacco has been awarded the Winner in the Highest Shareholding Category Parastatal and the first Runners Up as the Best Insured Cooperative Society – Nairobi Region, at the Cooperative Insurance Society (CIS) Annual General Meeting 2024 held recently. The trophies were received by Sacco’s National Treasurer, CPA Mary Maalu. The event was held…

KUSCCO announces job vacancy, lists qualifications

Sacco ReviewMay 22, 202405 mins

Kenya Union of Savings & Credit Cooperatives (KUSCCO) Limited announced that one of its clients; a fast growing Sacco which has its head office in Embu Town is looking to hire a new Chief Executive Officer (CEO). It is searching for a qualified, highly motivated, visionary, result oriented individual to fill the position. The CEO…

Forward Travellers Sacco advertises job vacancy for Accountant, Internal Auditor

Sacco ReviewMay 22, 202403 mins

Forward Travellers Sacco, which operates in Eastlands, Nairobi is inviting applications for the positions of Internal Auditor and Accountant. The Sacco wishes to strengthen the human resource capacity. It seeks qualified, competent and experienced candidate with excellent credentials. Some of the required qualifications for an accountant include a Bachelor’s degree in accounting or Finance or…

New KSh104,000 per night luxury hotel to start operations in Kenya on July 1

Sacco ReviewMay 22, 2024May 22, 202402 mins

Virgin Limited Edition plans to establish Finch Hattons Luxury Safari Camp in Kenya in July this month. The camp which will be located at Tsavo National Park, joins the list of other prestigious properties under Virgin Limited Edition such as Mahali Mzuri and Ulusaba Private Game Reserve. This will be its ninth property globally and…