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

Imarika DT Sacco assets base hits all time high of KSh13 billion

Sacco ReviewApril 20, 2024April 20, 202403 mins

Imarika Deposit Taking Sacco has recorded remarkable growth in total assets amounting to KSh13.1 billion. Its impressive performance has seen the SASRA annual report of 2022 rank the Sacco number 16 nationally in terms of assets base and number 11 in terms of profitability. Speaking during their Annual Delegates Meeting held at Travellers Beach Hotel…

Tea directors in Mt Kenya want Government to stop regrouping cartels

Sacco ReviewApril 19, 202403 mins

Tea directors from factories in the Mount Kenya region have lamented over the resurgence of cartels who want to siphon farmers’ money. The directors hailing from Zones one to seven, said that the well-connected individuals are on a mission to sabotage tea reforms by the Government. The State has been undertaking various reforms to liberate…

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

Sacco ReviewApril 19, 202402 mins

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…

Governor Wavinya urges investors to seize opportunities in Machakos

Sacco ReviewApril 19, 2024April 19, 202406 mins

Machakos Governor Wavinya Ndeti has urged both local and international investors to take advantage of the numerous investment opportunities, ample returns on investment and improved business environment in the county. Speaking on April 17 at the Machakos International Convention Centre when she hosted investors in a round table meeting attended by Cabinet Secretary for Investment,…

Kajiado women, boda boda riders trained on financial literacy, entrepreneurial skills

Sacco ReviewApril 18, 2024April 19, 202403 mins

Kajiado County women and boda boda operators have been empowered with financial literacy and entrepreneurial skills that will help them gain wealth, survive economic shocks, and manage their finances better. The Financial Inclusion in Kenya and Tanzania (FIKT) Project by the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) and Visa is aimed at…

M-PESA Foundation injects KSh20 million in Kisumu, Siaya to boost access to healthcare

Sacco ReviewApril 18, 2024April 18, 202407 mins

The M-PESA Foundation has invested over KSh20.96 million in Kisumu and Siaya counties to construct a maternal health care unit and organise a medical camp aimed at increasing access to a broad range of health services. These initiatives, the Foundation CEO Peter Ndegwa, said will help lower risk of pregnancy complications such as hemorrhage, infection,…

Kisii Youth Bunge Sacco re-brands to Gusii Youth Bunge Sacco Limited

Sacco ReviewApril 18, 2024April 18, 202405 mins

Kisii Youth Bungee Sacco has re-branded to Gusii Youth Bungee Sacco Limited to accommodate the increasing membership both in Kisii and Nyamira counties. The new Chief Executive officer (CEO) Clive Ontita who replaced Evans Makori, who joined Nyaribari Chache Constituency office, said the Sacco has increased its membership tremendously attributing it to aggressive recruitment done…

Higher returns for coffee farmers as NCE prices soar

Sacco ReviewApril 18, 2024April 18, 202408 mins

The ongoing coffee reforms are bearing fruit as prices at the Nairobi Coffee Exchange (NCE) shoot up to all-time highs, the last week of February auction has given the solid proof. During the week’s auction on February 27, 2024, the prices rose to $9 million (approximately KSh717. 5 million), with action volume increasing to KSh1.3…

TSC stopped 11,310 teachers’ remittances to Metropolitan Sacco

Sacco ReviewApril 18, 202404 mins

The Teachers Service Commission (TSC) released a list teachers whose remittances to Metropolitan Sacco had been stopped and those who are still active members. In a letter dated April 4, signed by TSC CEO Dr Nancy Macharia, directed to clerk of Senate, she said 11,310 teachers’ remittances were stopped while 2,401 teachers were still members…

286,000 locally assembled phones sold since October 2023, says CS Owalo

Sacco ReviewApril 18, 2024April 18, 202402 mins

Some 268, 000 government-backed locally assembled smartphones have been sold to Kenyans since the first consignment was unveiled to the market end of October last year. The figure translate to 80 per cent of the 330, 000 phones assembled. Cabinet Secretary for Information, Communications and the Digital Economy, Eliud Owalo speaking at Aga Khan University’s…