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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…

Airbnb operators in Western Kenya put on notice

Sacco ReviewMay 23, 202407 mins

More than 70 per cent Airbnb operators in Western Kenya tourism circuit are not paying the 2 per cent tourism levy as the law stipulates. Tourism Act, requires various entities offering accommodation services to remit levies based on income generated every month. The levy payable is two per cent of income generated per month for accommodation, and…

KUSCCO announces job vacancy, lists qualifications

Sacco ReviewMay 22, 202405 mins

Kenya Union of Savings & Credit Cooperatives (KUSCCO) Limited announced that one of its clients; a fast growing Sacco which has its head office in Embu Town is looking to hire a new Chief Executive Officer (CEO). It is searching for a qualified, highly motivated, visionary, result oriented individual to fill the position. The CEO…

Stima Sacco announces job vacancy for Insurance Manager

Sacco ReviewMay 21, 202405 mins

Stima DT Sacco Society Limited is seeking to hire a new Insurance Manager. It seeks a qualified professional with strategic orientation and strong sense of professionalism. Once hired, the Insurance Manager will have a vital role to play in spearheading change and enhancing member experience through innovative solutions. The successful candidate will manage Mpawa Insurance…

Equity Bank Fourways Branch

Equity Bank named Kenya’s most admired brand

Sacco ReviewMay 8, 202404 mins

Equity Bank has once again been recognized as Kenya’s most admired brand, as banks top the list of best brands in the country. According to the latest report by brand valuation consultancy firm–Brand Finance, Equity attained a brand value increased to KSh65.8 billion, representing one per cent increase. Safaricom follows closely with KSh58.1 billion then…

Farmers asked to take up new armyworm-resistant maize seeds

Sacco ReviewMay 3, 202404 mins

New maize varieties resistant to the deadly armyworm have been released researchers. Director General Kenya Agriculture and Livestock Research Organisation Eliud Kireger said the new seeds were developed to stop the spread of the dangerous migratory pest. The National Varieties Release Committee, chaired by the Ministry of Agriculture approved the seeds on February 20, 2023…