Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Operations at the Kenya Pipeline Corporation (KPC) oil jetty in Kisumu have been ramped up following the introduction of a second cargo ship to ferry fuel from the depot to Uganda through Lake Victoria. The vessel christened MT Elgon has a capacity of 4,500 cubic metres and will complement MT Kabaka Mutebi II which was…
Commissioner of Cooperatives, David Obonyo has called on cooperatives to continue to advocate for a green future by promoting the adoption of renewable energy and environmental conservation programs within sector fostering sustainability and reducing carbon footprints. Obonyo who was speaking on Tuesday during the 2nd Cooperative movement stakeholders’ annual conference on the legal and regulatory…
President William Ruto is expected to visit Kisumu to preside over the official opening of the Nyanza International Investment Conference (NIIC) next month, it has been revealed. Information and Communication Technology Cabinet Secretary Eliud Owalo said the President will officially grace the conference. “The Head of State himself will lead a team of local and international investors…
According to Joseph Siror, the managing Director of the Kenya Power and Lighting Company (KPLC), for every KSh100 paid by customers, KPLC receives only KSh2 or less as profit. He also stated that most of the money goes to the generation of electricity. “For every KSh100 that you pay in the bill, 65 per cent…
A section of investors operating in Kajiado County have raised concern over the County Corporate Social Responsibility Bill, 2024 which is now in public participation stage. The bill wants companies to allocate 1 per cent of their profit to CSR in every financial year. It also details that every company shall reserve to residents of…
Stima DT Sacco has Sacco achieved remarkable growth across all key indicators in the year ended December 31, 2023, this was revealed during the Sacco’s Investors briefing meeting in Nairobi. The Sacco which turns 50 years this year paid members dividends at a rate of 15 per cent and rebates at 11 per cent. This…
Kenya Electricity Generating Company (KenGen) has reported a 9.2 per cent drop in net profit in first-half earnings compared with the same period a year earlier. The listed firm reported KSh2.96 billion in net profit for the six months to December 2023. This profit drop from the KSh3.26 billion reported in a similar period last…
The Energy and Petroleum Regulatory Authority (EPRA) has reiterated that any individual seeking to sell electricity must be registered with the organization. David Kariuki, EPRA Deputy Director, Energy Planning said that those who will not adhere to the directive shall risk paying hefty fines. Kariuki was speaking during a stakeholders’ meeting in Kisumu where he…
Taita Taveta County residents have been urged to transition to clean cooking energy solutions in a bid to conserve the environment, address climate change and save costs used in fuel energy. Speaking on Monday during the closing of a four-day workshop at Voi on the formulation of the Taita Taveta County Energy Plan organized by…
The Kenya Electricity Generating Company (KenGen) has reported a 48% growth in profit after tax for the Financial Year (FY) ended June 30, 2023, surging to Ksh5.02 billion up from Ksh3.4 billion in the previous FY. It also reported a 14% growth in revenue from Ksh47.48 billion in 2022 to Ksh53.96 billion largely spurred by…
