How rise of Airbnbs led to slow death of traditional hotels

Since the inception of Airbnbs in 2008, traditional hotels have continued to registered low to almost no profits. AirBnBs have gained popularity among travelers who are in search of affordable accommodation, convenient locations, and the comforts of home. Linnet Wanjugu Murage, the owner of the Hamptons Apartment in Nyeri county, said holiday homes have rapidly…

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County to revive over 200 dormant cooperatives

Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department…

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County trains women on cooperative management for economic stability

Women in Illoodokilani ward in Kajiado West have received training on cooperative management organized by Kajiado County Department of Cooperatives. Gender, Culture and Cooperative CECM Janet Sereu said the training aims to empower women to achieve economic stability through entrepreneurship, employment and increased income through agriculture, trade and finance activities. She noted that efforts by…

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Fortune Sacco opens branch in Ongata Rongai 

Fortune Sacco has opened a new branch in Ongata Rongai, Kajiado County as part of its expansion plan. Kajiado County Deputy Governor Martin Moshisho  commended the Sacco for focusing on improving the livelihood of Kenyans and assured them of the support from the county government. Sacco Chairman Mr Rufus Kamau noted that the opening of the…

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Universal Traders Sacco honours pledge as trader steers off in Probox grand prize

Universal Traders Sacco has awarded Agnes Kalondu Nzuki a Toyota Probox, the car she won from a Ksh2000 stake she deposited to enter the grand draw at Kenyatta Stadium in Machakos County. The elated lady from Mutituni/ Ngelani Ward in Machakos County could not believe her luck. She was among the numerous winners who walked…

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SACCO

Intensify financial literacy campaigns to cultivate saving culture, Saccos urged

Kisii County Deputy Governor Dr. Robert Monda has stressed on the importance of financial literacy campaigns and member education drives among Saccos to cultivate a saving culture among residents. Speaking during the launch of Stima Sacco new branch at Waumini Plaza where he represented Governor Simba Arati, Dr Monda noted that cooperatives play a pivotal…

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Urithi Housing Coop issues 86 title deeds in flagship Panorama project

Urithi Housing Cooperative Society Limited has issued 86 title deeds to members of its flagship Panorama Gardens gated community project located in Thika. The society’s chairman Samuel Maina said the move is part of the cooperative’s efforts to revive its stalled projects. He revealed that the 86 title deeds are part of the 200 deeds…

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Senior officials among 9 arrested in Ksh160M Sacco fraud

Detectives from the Directorate of Criminal Investigations (DCI) have arrested nine employees of Njiwa Savings and Credit Co-operative (Sacco) Society in connection with the disappearance of Ksh160 million from Sacco savings. In a statement through its official twitter handle this morning September 23, 2023, the DCI noted that the employees belonging to staff of the…

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Women group seeks expert advice on how to transform into Saccos

Gatondo Women Group has called on co-operatives experts to provide professional guidance to rural based self-help and women groups in Embu County so as to transform into more profitable entities such as Saccos and Micro-Finance Institutions (MFIs). In an interview with Sacco Review, the Group’s chairlady Ms. Ephrath Wamai noted that a lot of such…

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