Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Faulu Microfinance Bank has secured more than KSh 900 million from its parent company, Old Mutual, to enhance its operations and revamp its business model for sustained growth. The company plans to utilize the funds to expand its digital banking services and to realign its distribution channels and human resources to promote sustainable growth. Faulu…
The United Kingdom (UK) Multinational James Finlay has written a letter requesting the removal of John Chebochok from his position as Director of Toror Tea Factory, a Kenya Tea Development Association (KTDA) factory. In a letter signed by Ben Woolf addressed to Enos Njiru Njeru, Wilson Muthaura of KTDA dated July 1, 2024 and seen…
The government is now aiming to have Kenyans embrace saving culture for betterment of their financial well-being. Cooperatives Principal Secretary Patrick Kilemi says more than 18 million Kenyans are not in cooperatives and the government is pushing to have them save the little they make through cooperatives. The PS says they are encouraging Kenyans to…
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…
The 102 International Day for Cooperatives also dubbed Ushirika Day in Kenya that was scheduled for Saturday July 6, 2024 has been postponed until further notice. In a memo by the National Ushirika Day Celebration Council addressing all the Cooperative Societies, dated July 1, 2024 and seen by Sacco Review, attributed the move to the…
Cabinet Secretary, Ministry of Information, Communications, and the Digital Economy, Eliud Owalo has said the government is planning to digitise at least 80 per cent of public services and make them available in a one-stop shop, the e-Citizen platform. The CS who was speaking during opening the East African Communications Organization (EACO) 29th Annual Assemblies…
The Nyanza international investment conference which was scheduled to take place from Friday June 28 has been postponed indefinitely. According to a press statement from the organizing committee, the event scheduled for June 28 and 29 has been put on hold until new dates are announced. According to ICT Cabinet Secretary Eliud Owalo, the conference…
This year’s Ushirika Day, also known as International Co-operatives Day will be celebrated on July 6 at Kenyatta International Convention Centre (KICC) grounds. The theme of this year’s celebrations is “Cooperatives Building a Better Future for All”. This year will be the 102 Ushirika Day. International Co-operatives Day is celebrated annually on the first Saturday…
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…
The government will allocate KSh1 billion to the construction of two value addition and branding centres for Kenyan tea, President Williams Ruto has said. Speaking when he launched Chai Gold, the flagship tea brand of the Kenya Tea Development Agency (KTDA) for the international market at Ketepa Grounds in Kericho County on Wednesday, June 19,…
