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Meru traders laud President Ruto, CS Linturi for dismissing muguka ban

Sacco ReviewMay 29, 202405 mins

Meru miraa traders and residents have lauded President William Ruto and Agriculture Cabinet Secretary Mithika Linturi for dismissing and terming muguka ban in Mombasa, Kilifi and Taita Taveta counties as “null and void”. John Ratanya, a miraa trader in Makandara, Meru town, criticised the initial bans, highlighting their detrimental impact on the local economy. “It…

Boost for coffee farmers as Kenya signs MoU with US on collaboration

Sacco ReviewMay 29, 2024May 29, 202406 mins

The Kenyan government and the United States have signed Memorandum of Understanding (MoU) on cooperation and collaboration on the coffee value chain and other identified areas of mutual interest. The MoU between the Ministry of Co-operatives and MSMEs Development (Kenya) and National Co-operative Business Association NCBA-CLUSA (US) were signed during the US Kenya Business Forum…

We’ve trained 300, 000 youth on digital jobs, Owalo says

Sacco ReviewMay 29, 202405 mins

Cabinet Secretary of ICT Eliud Owalo has revealed that over 300,000 youths have been trained, and more than 1,000 digital jobs created since the start of digitalization programme year ago. Owalo remains optimistic that within the next two years, two million digital jobs will be generated. He further stated that ICT offers abundant job opportunities…

Citibank NA named top overall best bank award in Kenya 2024

Sacco ReviewMay 28, 202403 mins

Citibank NA has scooped the best bank in the country at the Think Business Banking Awards 2024 with Standard Chartered and Equity came in at position two and three. Citibank also was named the best inb corporate banking, internet banking and product innovation categories. I&M Group PLC was recognized as the best customer-centric bank, and…

Westlands ranked the most preferred commercial business area

Sacco ReviewMay 28, 2024May 28, 202403 mins

In 2023, Westlands attracted more office and real estate investors compared to other regions in the Nairobi Metropolitan Area (NMA) thus raising its rental yields. This was largely contributed by attractive business atmosphere and good road network. The average rental yields were 8.5 per cent which is 0.8 per cent higher than the average market…

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…

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…

NSSF Sacco launches 2024-2028 Strategic Plan, new logo

Sacco ReviewMay 24, 2024May 24, 202404 mins

Simon Chelugui Cabinet Secretary, Ministry of Co-operatives Micro, Small and Medium Enterprises Development (MSMEs) was the chief guest today during the launch of NSSF Sacco Strategic Plan (2024-2028) and New Logo at the Radisson Blu Hotel, Nairobi. The launch is aimed at promoting innovative, commercially oriented and efficient financial services is engraved at NSSF Sacco…

I&M Bank records KSh3.3 billion profit in first quarter

Sacco ReviewMay 24, 202404 mins

I&M Group’s first quarter report of this year shows that the bank has a profit of KSh3.32 billion, an increase of 31 per cent from the KSh2.5 billion recorded last year. Interest income, which grew by 38 per cent to KSh8.8 billion, greatly influenced the profit growth. The growth in net interest income offset a 9.4…

Nyanza governors distance themselves from upcoming investment conference

Sacco ReviewMay 23, 2024May 23, 202405 mins

Six governors from the Nyanza region have distanced themselves from a scheduled Nyanza International Investment Conference, expected to take place next month. The Governors’ namely Anyang Nyong’o of Kisumu, James Orengo (Siaya), Amos Nyaribo (Nyamira), Simba Arati (Kisii), Gladys Wanga (Homa Bay) and Ochilo Ayacko of Migori all said they have been sidelined in the…