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2024 SACCA Congress registration ends this Month

Sacco ReviewSeptember 19, 2024September 19, 202403 mins

All cooperators attending the 2024 Savings and Credit Cooperatives Associations (SACCA) Congress are now required to register by September 30, 2024. This was revealed during the 7th session of the 2024 SACCA Congress Working Group held on September 17, 2024 at the African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) Academy in Nairobi Kenya…

Farmers still use harmful chemicals, consumer body says

Sacco ReviewSeptember 17, 2024September 17, 202403 mins

Consumer Grassroots Association (CGA) has pointed out that some farmers are still using harmful chemicals to produce food. Speaking during a workshop in Karen attended by food stakeholders who included journalists, food experts, agriculture officers, farmers, civil societies on food systems in the country; CGA director Alice Kemunto said that safety of food is a…

Treasury PS summoned to Parliament over delayed coffee funds

Sacco ReviewAugust 16, 2024August 20, 202403 mins

The National Assembly Committee for Trade, Industry and Cooperatives has demanded Treasury Principal Secretary (PS) Dr. Chris Kiptoo to appear before the committee to explain the reasons behind delays in disbursing funds for coffee and grain farmers. The Committee, led by James Gakuya (Embakasi North MP), resolved to meet the PS after a senior Treasury…

Mi Vida Homes partners with Misitu Sacco to foster growth

Sacco ReviewMay 24, 202403 mins

Mi Vida Homes, a reputable property developer signed a partnership with Kimisitu Sacco and has allowed the members to invest in its residential projects in Garden City, Nairobi. The Garden City Project sits on a 47-acre land with a mixed-use urban development comprising residential units commercial spaces, offices, retail outlets, and recreational amenities. It offers…

NSSF Sacco launches 2024-2028 Strategic Plan, new logo

Sacco ReviewMay 24, 2024May 24, 202404 mins

Simon Chelugui Cabinet Secretary, Ministry of Co-operatives Micro, Small and Medium Enterprises Development (MSMEs) was the chief guest today during the launch of NSSF Sacco Strategic Plan (2024-2028) and New Logo at the Radisson Blu Hotel, Nairobi. The launch is aimed at promoting innovative, commercially oriented and efficient financial services is engraved at NSSF Sacco…

I&M Bank records KSh3.3 billion profit in first quarter

Sacco ReviewMay 24, 202404 mins

I&M Group’s first quarter report of this year shows that the bank has a profit of KSh3.32 billion, an increase of 31 per cent from the KSh2.5 billion recorded last year. Interest income, which grew by 38 per cent to KSh8.8 billion, greatly influenced the profit growth. The growth in net interest income offset a 9.4…

KCB Bank grows first quarter profit by 53 per cent to KSh16 billion

Sacco ReviewMay 22, 202403 mins

Kenya’s KCB Group’s pretax profit for the first quarter of this year jumped 53 per cent, assisted by higher interest income, it announced on Wednesday, May 22. The lender, which also operates in Uganda ,Tanzania, Democratic Republic of Congo, Rwanda, South Sudan, and Burundi, said pretax profit rose to KSh21.16 billion from KSh13.85 billion in the…

Chinese tycoon to build eight 34-storey apartments in Ngara

Sacco ReviewMay 12, 202402 mins

Chinese investor Zeyun Yang plans to put eight 34-storey blocks each accommodating 1632 families in Ngara estate which is located near Central Business District. Yang through his firm Erdemann Property said Rier Estate Housing Development will comprise a shopping complex with 60 outlets, where residents will be able to access essential purchases within the mixed-use…

Despair as KCB plan to auction 78 Greatwall apartments on May 21 at Westlands

Sacco ReviewMay 12, 202405 mins

KCB has advertised the sale of 78 of two-bed apartments at Greatwall Gardens in Athi River to recover a KSh1.9 debt that the developer Erdermann Property Limited had borrowed. In a notice in one of the daily newspaper on May 6, KCB Bank through the auctioneer Garam Investments, advertised the units for sales even as…

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…