Dividends boom as Saccos make turnaround amid Covid-19 adversities

By Sammy Chivanga Savings and Credit Co-operative Societies (Saccos) are declaring increased dividends on continued recovery from the Covid-19 economic headwinds that had slowed business activities and increased the need for cash preservation. Many Saccos have made increased cash distributions in what offers timely boost to members ahead of the start of crucial activities such…

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12 billion shillings worth of assets mobilized by Kilifi cooperative societies

By Tsozungu Kombe 162 active cooperative societies in Kilifi County have mobilized asset to the tune of 12.5 billion, Sacco review has reliably established. Speaking during Imarika Sacco’s special delegates meeting held at Pride Inn Paradise Hotel in Mombasa county recently, Kilifi County Cooperative Development Ministry Chief Officer Ms. Mary Mkare said that out of…

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Over 500 Boda-bodas register in campaign to curb rogue operators

By Norah Musega museganorah@gmail.com 500 Boda-boda operators have so far been registered in the ongoing countrywide registration as was directed by President Uhuru Kenyatta. The campaigned is aimed at sanitizing the sector after rogue operators brought mayhem to the roads. The Presidents directive came shortly after an alleged barbaric attack on a female motorist by…

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Higher income, reduced expenses spur Co-op Bank profit to hit Sh16.5 billion

By Bernard Matumbai Co-operative Bank of Kenya’s net income jumped by 53 percent to a record Sh16.5 billion in the year ended December 2021 from Sh10.8 billion in the previous term, something that was attributable to higher interest income, investment in government and reduced expenses. The bank recorded a 59 percent surge in pre-tax profit…

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Co-operative leaders meeting to discuss Co-operative Bill implementation regulations

By Roy Hezron Co-operative leaders countrywide will be meeting at Amboseli National Park’s Oltukai Lodge for a four day meeting to review and discuss the implementation of regulations for the National Co-operative Bill 2021 in an occasion that will be graced by the Cabinet Secretary for Agriculture, livestock, Fisheries and Co-operatives Hon. Peter Munya. The…

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