National News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Meru traders laud President Ruto, CS Linturi for dismissing muguka ban

Sacco ReviewMay 29, 202405 mins

Meru miraa traders and residents have lauded President William Ruto and Agriculture Cabinet Secretary Mithika Linturi for dismissing and terming muguka ban in Mombasa, Kilifi and Taita Taveta counties as “null and void”. John Ratanya, a miraa trader in Makandara, Meru town, criticised the initial bans, highlighting their detrimental impact on the local economy. “It…

Boost for coffee farmers as Kenya signs MoU with US on collaboration

Sacco ReviewMay 29, 2024May 29, 202406 mins

The Kenyan government and the United States have signed Memorandum of Understanding (MoU) on cooperation and collaboration on the coffee value chain and other identified areas of mutual interest. The MoU between the Ministry of Co-operatives and MSMEs Development (Kenya) and National Co-operative Business Association NCBA-CLUSA (US) were signed during the US Kenya Business Forum…

Leaders of coffee farmer cooperatives in Machakos cautioned against corruption

Sacco ReviewMay 29, 2024May 29, 202404 mins

Management committees running the various coffee cooperative societies in Machakos County, have been cautioned against mismanagement and plunder of farmers’ cash from the coffee proceeds. Machakos Deputy Governor Francis Mwangangi said on Friday, May 24, that the rampant reports of numerous cooperative societies in the county sinking into huge debts from financial institutions were worrying….

DTB first quarter profit rises by 8.6 per cent to hit KSh2.6

Sacco ReviewMay 29, 202404 mins

Diamond Trust Bank (DTB) net profit for the first quarter of this year grew by 8.6 per cent , reaching KSh2.62 billion, driven by growth in both interest and non-interest income. The company’s net earnings grew from KSh2.42 billion that had been posted during the correspondent quarter of last year. Net increased income, mainly derived…

We’ve trained 300, 000 youth on digital jobs, Owalo says

Sacco ReviewMay 29, 202405 mins

Cabinet Secretary of ICT Eliud Owalo has revealed that over 300,000 youths have been trained, and more than 1,000 digital jobs created since the start of digitalization programme year ago. Owalo remains optimistic that within the next two years, two million digital jobs will be generated. He further stated that ICT offers abundant job opportunities…

Citibank NA named top overall best bank award in Kenya 2024

Sacco ReviewMay 28, 202403 mins

Citibank NA has scooped the best bank in the country at the Think Business Banking Awards 2024 with Standard Chartered and Equity came in at position two and three. Citibank also was named the best inb corporate banking, internet banking and product innovation categories. I&M Group PLC was recognized as the best customer-centric bank, and…

Westlands ranked the most preferred commercial business area

Sacco ReviewMay 28, 2024May 28, 202403 mins

In 2023, Westlands attracted more office and real estate investors compared to other regions in the Nairobi Metropolitan Area (NMA) thus raising its rental yields. This was largely contributed by attractive business atmosphere and good road network. The average rental yields were 8.5 per cent which is 0.8 per cent higher than the average market…

Cooperative society in Matungulu donates land to government for construction of social amenities

Sacco ReviewMay 28, 202403 mins

Kwa Mating’i Farmers’ Cooperative Society has made a compelling appeal to both the county and national governments, urging them to utilize an 8-acre piece of land within the cooperative society’s boundaries for the development of essential social amenities. James Mwovi, the chairperson of the cooperative society, announced that the society has strategically set aside this…

Kilifi registers five new cooperative societies

Sacco ReviewMay 28, 202402 mins

Kilifi North Sub-county in Kilifi County has registered five new cooperative societies, Sacco Review has learnt. Kilifi North Sub-county cooperative officer, Julius Mwamuye told Sacco Review in Kilifi town recently that one dormant cooperative society, Kilifi Riders Sacco has been revived. He further said that two dormant cooperative societies in the sub-county have been set for…

Cattle prices on the rise following widespread rains

Sacco ReviewMay 27, 202403 mins

Livestock prices have surged significantly due to improved pastures following recent rains. This marks the first notable improvement after a prolonged drought spanning four consecutive failed rain seasons. Demand for livestock products is expected to rise significantly, with estimates suggesting an increase of 40-50 per cent by 2030. This growing demand is driven by population…