Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
CIC Insurance Group’s 2023 profit after tax increased by 818 per cent of Sh1.4 billion as a result to the improved investment income and growth in insurance revenue. “The business maintained a growth trajectory driven by the execution of our transformational initiatives focusing on customer experience, performance management, operational efficiency, digital transformation, research and innovation,…
Kajiado County Executive Committee Member (CECM) for Gender, Co-operatives, Culture, Tourism, and Wildlife, Janet Sereu has encouraged upcoming self-help groups and Saccos to enhance their governance by learning from well-established Saccos. The committee member who attended Ongata Rongai Muungano Women Housing Cooperative Society 5th Annual General Meeting in Ongata Rongai Kajiado North Sub-county noted that…
Mumias East Constituency Member of Parliament, Peter Salasya, recently supplied 2,000 farmers with maize seeds to be planted during the rainy season. Salasya says that food security in his constituency.The MP also provided 5,000 farmers from Mumias East with certified bean seeds, avocado tree seedlings, and mango tree seedlings for planting. READ ALSO: Public Service…
The Public Service Commission (PSC) has advertised 19 positions for several vacant posts in the Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSME) Development. In announcement seen by Sacco Review, PSC announced that there are three vacancies for the Senior Deputy Commissioner for Co-operative Development post under Civil Servant Grade (CSG) 5. For…
In an incredible year for Kenyan brand growth, CIC Insurance Group emerged as the fastest-growing brand, with a 63 per cent increase in brand value to KSh1.9 billion. This growing is predominantly attributed to its increased Brand Strength Index score of 82.98, indicating enhanced customer perceptions and heightened brand strength. CIC Insurance Group’s AAA- rating…
FESTAC festival which was supposed to be hosted in Kisumu this month has been postponed to a later date due to floods. According to a statement released by the organising committee, Kisumu was poised to host the $h World Blacks and Africa Festival of Arts and Culture -FESTAC AFRICA on May 20-26, 2024 The statement…
During the Kasigau Ranching Company Annual General Meeting (AGM) which was took place on Friday, May 10, disputes arose as shareholders were not pleased by the Board of Directors and how they spent the company’s finances. The more than 3750 shareholders rejected the company auditor and secretary reports which they described biased and inaccurate. READ…
Kenya’s Equity Group announced today Monday, May 13, that its first-quarter pretax profit rose 21 per cent to KSh20.4 billion, helped by growth in interest income. Equity, which also operates in Tanzania, Uganda, Rwanda, South Sudan, Burundi and Democratic Republic of Congo, said its net interest income increased to 28 per cent, translating to KSh27.8 billion….
The National Treasury plans to introduce VAT on bread and increase excise taxes on M-Pesa, bank transfers and airtime as it seeks to collect an additional KSh323 billion in taxes in the next financial year. According to newly published Finance Bill Kenyans will pay 16 per cent value added tax (VAT) on bread at least…
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…
