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

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…

Five factors to consider before taking a loan

Sacco ReviewMay 27, 202404 mins

Before borrowing wisely consider why you want the money and how you are going to repay back. Borrowing if done prudently makes someone better in the long run. Loan are useful in many areas including education, property acquisition, and medical among others. Below are five considerations 1. The purpose of the loan? When borrowing, you…

President Ruto to open Nyanza International Investment Conference in June

Sacco ReviewMay 27, 202408 mins

President William Ruto is expected to visit Kisumu to preside over the official opening of the Nyanza International Investment Conference (NIIC) next month, it has been revealed. Information and Communication Technology Cabinet Secretary Eliud Owalo said the President will officially grace the conference. “The Head of State himself will lead a team of local and international investors…

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…

Imarisha Sacco donates sanitary towels to hearing impaired learners in Kericho

Sacco ReviewMay 27, 202402 mins

On Saturday May 25, 2024, Imarisha Sacco members visited Kedowa Special School For the Deaf located in Kericho County. The Sacco members donated various items including sanitary towels, tissue papers among other items for the use by the learners. “CSR is at the heart of Imarisha Sacco Society Limited, Our commitment to serving humanity is…

NCBA records first quarter net profit up five per cent to KSh5.3 billion

Sacco ReviewMay 25, 202402 mins

NCBA Group PLC recorded a profit after tax of KSh5.3 billion in its first quarter of 2024 financial results, representing a 5 per cent increase compared to Ksh5.1 billion reported during a similar period last year. It posted an operating income of KSh16 billion and a decline in loan impairment charges of 30.9 per cent…

Government asked to waive debt owed by cooperative societies in Machakos

Sacco ReviewMay 25, 2024May 25, 202402 mins

Machakos Deputy Governor Francis Mwangangi has made a strong appeal to the national government to waive the long-standing debts that are hindering the operations of cooperative societies within Machakos County. Speaking at a meeting with the Kwa Mating’i Farmers Cooperative Society in Matungulu, Mwangangi highlighted the severe impact of these debts. “Many cooperative societies are…

Long-serving Family Bank Board Chairman Wilfred Kiboro retires, architect takes helm

Sacco ReviewMay 24, 202402 mins

Family Bank Board of Directors has appointed Architect Francis Gitau Mungai as the new Chairman of the board, replacing long-serving Chairman Dr Wilfred Kiboro. Francis Mungai holds a Bachelor of Architecture degree with First-Class Honours from the University of Nairobi and a Master’s Degree in Architecture from the University of California, Los Angeles (UCLA). READ…

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…