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Mpesa Foundation holds free medical camp in Mathare North Sub-county today

Sacco ReviewMay 11, 202403 mins

A free medical camp organised by the Mpesa Foundation and in partnership with Zuri Health hold today, May 11, at the Drive-in Primary School in Mathare North Sub-county in Nairobi. Residents will benefit from the free medical check-ups, physician consultations, eye and dental check-ups, blood sugar tests, blood pressure measurements, body fat assessments, and Body…

Britam asks SMEs to embrace flood insurance

Sacco ReviewMay 10, 2024May 10, 202402 mins

Financial service firm, Britam is requesting a small and medium-sized enterprises (SMEs) to embrace risk mitigation schemes in the wake of floods that have hit the country’s social economy. During an SME networking forum hosted in partnership with Kenya National Chamber of Commerce and Industries (KNCCI), the Managing Director of the firm Tom Gitogo said that…

Kenyans borrowed KSh2.3 billion Fuliza loan daily in 2023

Sacco ReviewMay 10, 202402 mins

Kenyans borrowed at least KSh2.3 billion on Safaricom’s mobile money overdraft product, Fuliza daily in the year ended March 31, 2024. According to the company’s data, the amount borrowed on Fuliza everyday can help to help the government carry out a huge project. The telco’s financial results released in Nairobi on Thursday, May 9 indicates…

Survey: Chelugui ranked 8th top-performing Cabinet Secretary

Sacco ReviewMay 10, 2024May 10, 202403 mins

Cabinet Secretary, Cooperatives and Micro, Small and Medium Enterprises Development Simon Kiprono Chelugui has been ranked 8 among the top 10 best performing cabinet secretaries by Mizani Africa. The Investment,Trade & Industrialisation Cabinet Secretary Rebecca Miano was rated the Best Performing CS in Kenya 2024 with 72.3pc performance rating. She was closely followed by Interior…

Here are the top-five performing Saccos

Sacco ReviewMay 9, 202404 mins

Saccos in the country are among top lenders accumulating assets and savings worth billions of shillings. Five top Saccos in the country command a membership of over 517,700. Nairobi City County director of co-operatives Dolphine Aremo said recently that the Capital City hosts to 4978 cooperatives including giant Saccos. In her speech dubbed “Overview of the…

Safaricom makes history, records KSh139.9 billion earnings for full year

Sacco ReviewMay 9, 2024May 9, 202403 mins

Kenya telecoms operator Safaricom, today, May 9 announced that its group earnings before interest and tax, excluding Ethiopia, was KSh139.9 billion in its full year to end-March. It becomes first company in the region to cross past billion-dollar mark in earnings after operating profit for the full year to March rose by 20 per cent…

President Biden to host Ruto at White House on May 23

Sacco ReviewMay 9, 2024May 9, 202404 mins

United States President Joe Biden has planned to welcome President William Ruto to the White House this month, which will be a state visit after changing plans to visit Africa last year. White House press secretary Karine Jean-Pierre said recently that the visit set for May 23 will mark the 60th anniversary of US-Kenya diplomatic…

MPs change dates, venues of public hearings on Cooperatives Bill

Sacco ReviewMay 8, 2024May 8, 202403 mins

The National Assembly has rescheduled the dates and venues for public hearing on the Cooperatives Bill 2024, (National Assembly Bill No. 7 of 2024) for some regions. In an announcement seen by Sacco Review, the public hearing scheduled for May, 11 at Garrissa Social Hall in Garissa County has been postponed indefinitely due to unforeseen…

Nairobi’s Cooperative movement best in Africa, assets hit KSh618 billion

Sacco ReviewMay 8, 202407 mins

The success of the Cooperative movement in Nairobi City County is a key player in the economic situation of the entire country with total assets base of KSh618 billion. The county has a well-established department called the Business and Hustler Opportunities sector endowed with technocrats overseeing capacity building of the sector and providing round the…

CS Chelugui appoints 15-member new interim board at KUSCCO

Sacco ReviewMay 7, 2024May 8, 202404 mins

Ministry of Co-operatives & Micro, Small and Medium Enterprises Cabinet Secretary Simon Chelugui has appointed a new interim committee to run Kenya Union of Savings and Credit Cooperative (KUSCCO) after dissolving the previous board following mismanagement of funds allegations. In a statement by the Ministry the 15-member interim Board will be chaired by David Mategwa…