Category: Co-op News
Principal Secretary Ministry of Mining Elijah Mwangi.
PS urges miners to form cooperative societies
The Government has launched campaign to mobilise persons who undertake Artisanal and Small-Scale Mining (ASM) and Large-Scale Mining (LSM), to form Saccos aimed at ensuring earnings from the economically potential sector are prudently utilised. Formation of the Saccos, the Government hopes will ensure that miners especially artisanal and small-scale save portion of their income and…
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…
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,…
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…
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…
Photo:courtesy
Sacco re-branding is a great idea if properly planned
A number of Saccos have rebranded to breathe a new life into their existence. The hope is that with a change they will be able to capture the imagination of members, both existing and prospective, in a way that will bring positive energy and reinvigorate the many lattices that may have been rendered ineffective by…
Head of Risk and Compliance at the Kingdom Bank Moses Kariuki (right), receives the bank's ISO certification. Photo: Obegi Malack
New milestone as Kingdom Bank receives ISO Certification
Kingdom Bank, a subsidiary of the Co-operative Bank of Kenya reached yet another milestone in their relentless quest to provide world class service to their clientele by attaining the International Organization for Standardization/International Electrotechnical Commission (ISO/IEC 27001:2022) certification. ISO prestigious accreditation underscores the bank’s unwavering dedication to ensuring the highest standards of information security management….
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…
Metropolitan Sacco
TSC stopped 11,310 teachers’ remittances to Metropolitan Sacco
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…
Jubille Insurance Chief Operating Officer Njeri Jomo.
Jubilee Insurance raises shareholder payouts after stronger profit
Jubilee Health Insurance posted a net profit of KSh438.6 million for the Financial Year ended December 2023 representing a 29 per cent increase from the KSh339.1 million recorded in 2022. The insurer’s Chief Operating Officer Njeri Jomo, said the organization realised a three-fold increase in cash flows generated from operations. She added, “As a company…
