Kileleshwa Estate in Nairobi. Photo:courtesy

Report shows an acre of land in Nairobi suburbs hit record high of KSh203 million

Land prices in Nairobi’s suburbs defied tough economy to increase by 1.3 per cent per acre on average in the first quarter of 2024, shows HassConsult’s latest land price index. According to the report, average price per acre in the satellite estates now is KSh203.7 million, surpassing the KSh200 million mark for the recorded in…

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Nairobi City

Nairobi fourth wealthiest city in Africa with 4,400 super-rich individuals

The latest African Wealth Report for 2024 shows places Nairobi as fourth wealthiest City as South Africa cities and regions dominate the Top 10 wealthiest on the African continent. According to the report, the number of super-rich in Kenya’s Capital City increased by 25 per cent to 4,400 in 2023 compared to more than 10…

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Asili Sacco delegates during the Sacco ADM. Photo; Obegi Malack

Asili Sacco recruits a record 3,500 members in 2023 as it casts net wider

Asili Deposit Taking Sacco Society Limited, taking a huge leap in performance across board, pulled a major stunt in membership as 3,500 more were added into the fold in the year ended December 2023. In financial reports released by the Sacco National Chairman Evans Kegode Aluda during the Sacco Annual Delegates Meeting (AGM) in KICD…

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Hilton Hotel in Nairobi

Iconic Hilton Hotel in Nairobi’s CBD put up for sale

Interested parties have been invited to purchase iconic Hilton Hotel situated in the Nairobi’s Central Business District. Both State and Hilton International Hotel Limited on Tuesday, April 16, separately invited expressions of interest from willing buyers to acquire 100 per cent equity stake in the hotel. In an advertisement published in one of the dailies…

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Kenya National Police DT Sacco CEO David Sahelo Mategwa

Mategwa Appointed To CDF-Canada Board of Directors

David Sohelo Mategwa, the national chairman of Kenya National Police DT Sacco, has been appointed as a board director at the Cooperative Development Foundation of Canada Kenya office. Mategwa, who is also the vice chairperson of the African Co-operative Development Foundation (ACDF), will serve on the board for a period of three years. ACDF is…

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Safaricom Sacco CEO named winner of Champions of Governance Awards

Joseph Njoroge, the CEO of Safaricom Sacco, has been named the winner of this year’s Champions of Governance (CoG) Award by the Institute of Certified Secretaries (ICS) in a ceremony held at Mercure Hotel in Upperhill, Nairobi. The CoG Awards aim to recognize and promote research work related to good governance practices. Njoroge, who joined…

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Gen Z strategies

Saccos urged to consider Gen Z’s preferences in their strategies

Saccos have been advised to adapt their strategies to cater to the preferences of Generation Z (Gen-Z) – referring to individuals born between 1996 and 2010 – by implementing advanced and interactive technology. Speaking during a Customer Breakfast Forum themed ‘Saccos and Gen-Z’ hosted by NCBA Bank, Cabinet Secretary (CS) for Co-operatives and MSMEs Development,…

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Senate moves to stop deduction, remittance of teachers’ earnings to Metropolitan Sacco

The Teachers Service Commission (TSC) has been urged by the Senate Committee on Trade and Tourism to stop deducting money from teachers who have withdrawn from Metropolitan Sacco, which has gone under. The committee chairman Okiya Omutatah has also requested that all remissions to the Sacco be halted, stating that teachers have withdrawn from the…

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Cooperative University’s inaugural postgraduate symposium to be held tomorrow

The Cooperative University of Kenya (CUK) has announced a virtual postgraduate symposium organized by the School of Computing and Mathematics that will be held on Friday, November 10. The inaugural postgraduate symposium targets all postgraduate students at the university, those from other universities and any other interested participants. The varsity Director of Academic Quality Assurance…

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