Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Kitui County Housing Cooperative Society Limited was started out of felt need by the Kitui County government staff in 2014. The society’s Chairman, Benjamin Musili Mukulo, further said the society is to be a world class housing cooperative society in the provision of real estate property services to the members for both the present…
Home Afrika, a real estate company listed on the stock exchange, is selling some of its assets, including houses and land, in order to repay an outstanding loan of KSh79 million from I&M Bank. Home Afrika intends to sell six housing units from its Mitini Scapes Development, located along Kiambu Road and Lake View Heights in Kisumu. The purpose of this sale is to repay…
Family Bank’s newly appointed board chair, Architect Francis Gitau Mungai, passed away three weeks after taking over from the retiring Wilfred Kiboro. The Family Bank board of directors and management issued a statement regarding Gitau, who passed away while undergoing treatment in the United States. “Family Bank Board of Directors and Management regrets to announce…
A housing cooperative has lodged a legal challenge against the government’s acquisition of a 60-acre land parcel, valued at KSh15 billion, designated for the construction of the contemporary Talanta Hela Stadium sports complex. The Postel Housing Cooperative Society contends that the land was obtained without adhering to the legal requirements for compulsory acquisition. In the…
President William Ruto has warned coffee farmers against taking more loans following a waiver issued by the government recently. Speaking at Gitooro ASK showground in Meru County during the Meru Cooperative Dairy Union 9th Farmers Field Day, Ruto cautioned the cooperatives coffee society officials against taking more loans unless it is approved by farmers themselves….
The Treasury has withdrawn its intention to increase the excise duty on mobile money transactions, providing a reprieve to millions of users who depend on these services, such as Safaricom’s M-pesa. National Treasury Cabinet Secretary Njuguna Ndung’u has rolled back the proposal to increase the excise tax duty on mobile transfer services from 15 per…
In managing our finances and personal development, this is like a metaphorical transformation of milk to yogurt, and then to cheese, revealing a profound truth about the nature of mistakes and their ability to create value. Just as cheese is a more valuable dairy product than both milk and yoghurt and sour grape juice melts…
Kenya Commercial Bank (KCB) Group Chief Executive Officer, Paul Russo has been named African Business Leader of the Year by Africa Leadership Magazine. This happened at the 14th Annual Leadership awards which took place at the UK House of Lords in Portsmouth, United Kingdom. Paul Russo’s nomination was the result of intense and competitive evaluation…
Stakeholders in the cooperative movement have now called for urgent measures to ensure that the country’s Sacco umbrella body, the Kenya Union of Credit Co-operatives (KUSCCO), is regulated for safety of funds and restore the image of the union. This comes after the Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui dissolved the…
Economic empowerment for women and youth in Ganda Ward, Malindi Sub-county in Kilifi County is taking root with the aim of creating employment for residents. Already, 15 youth and women groups have received tools and equipment that will enable them create jobs and add value to local products. The area Member of County Assembly (MCA)…
