Outgoing IG Sacco Chief Executive Officer CPA Peter Vuhyah (left) hands over office to incoming CEO Mary Awino (right) during the leadership transition at the Sacco’s head office in Kakamega. PHOTO| Godfrey Wamalwa

IG Sacco completes handover to new CEO Mary Awino

IG Sacco ushers in new chief executive officer Mary Awino takes over after Peter Vuhyah’s long tenure New leadership begins with focus on continuity and member service IG Sacco has effected a leadership change following the formal handover of office from outgoing Chief Executive Officer CPA Peter Vuhyah to Mary Awino. The transition took place…

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Weighing scales retrieved during a joint inspection by the Tea Board of Kenya and the Department of Weights and Measures in Bureti Constituency. PHOTO|Courtesy

Eight tea staff held in Bureti over suspected weighing fraud

Tea weighing practices come under scrutiny in Bureti Surprise checks target accuracy at tea collection centres Factory and plantation staff detained as investigations continue Eight employees from tea factories and plantations in Bureti Constituency have been detained over suspected irregularities in the weighing of green leaves supplied by small-scale farmers. The suspects include three employees…

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African Swine Fever virus from an infected animal. PHOTO| Courtesy

African Swine Fever outbreak wipes out pigs in 7 counties

ASF outbreak spreads across seven counties, killing thousands of pigs. Kiambu has recorded more than 1,470 pig deaths since May. Government has intensified surveillance and controls on animal movement. The government has stepped up surveillance and disease control measures after an outbreak of African Swine Fever (ASF) spread across seven counties, killing thousands of pigs…

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Gov’t cuts consolidated cargo benchmark to Sh2m

Traders win relief as the cargo benchmark is cut to Ksh2 million. New rules aim to ease cargo clearance while improving compliance. Lower rail charges are set to reduce import costs. President William Ruto has directed the Kenya Revenue Authority (KRA) to lower the customs benchmark for general consolidated cargo to Ksh2 million, following talks…

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Kenya National Police Sacco CEO Solomon Atsiaya (third from left, front row) poses with fellow Sacco officials./ Kenya Police Sacco Facebook page

Kenya National Police Sacco CEO Atsiaya elected university alumni chair

Kenya National Police DT Sacco CEO Solomon Atsiaya has been elected Chairperson of the Co-operative University of Kenya Alumni Association. Atsiaya will lead the alumni association as it seeks to strengthen alumni engagement, mentorship and collaboration while supporting the university’s institutional development. READ ALSO: Milk vanishes from shelves as COFEK warns of price surge His…

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KUSCCO Centre

KUSCCO officially liquidated through Gazette Notice

KUSCCO has officially been placed under liquidation. The union faces a Ksh11.6 billion financial deficit. Three officials will oversee the liquidation. KUSCCO has been placed under liquidation via Gazette Notice No. 13997, after members resolved to dissolve the union amid a Ksh 11.6 billion deficit. The Kenya Union of Savings and Credit Co-operative Societies (KUSCCO)…

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Commissioner of Cooperatives, David Obonyo speaks during the SGM held at All Saints' Cathedral in Nairobi of Friday. Photo/Obegi Malack

KUSCCO shareholders approve dissolution, back new cooperative body

KUSCCO shareholders have approved the union’s dissolution as debts far outweigh its assets. Members have backed a new umbrella body, KEFESCO, focused on advocacy, training, research and consultancy. A creditor has moved to court to challenge the transition, putting the new federation’s future in question. Shareholders of the Kenya Union of Savings and Credit Cooperatives…

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KUSCCO Centre

KUSCCO shareholders approve liquidation, new body

KUSCCO shareholders approve full liquidation as debts hit Ksh 17 billion against Ksh 5.4 billion in assets. New national Sacco association approved to take over advocacy, training and research roles. Commissioner David Obonyo to oversee asset recovery and payouts to Saccos and depositors. KUSCCO shareholders have approved a structured liquidation after liabilities topped Ksh 17…

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CIS Kenya CEO Andrew Njeru- photo/Courtesy

Saccos set to adopt full-file credit information sharing system

Saccos are set to share both positive and negative credit data. New system could strengthen lending and curb multiple borrowing. Saccos face IT and data protection upgrades before rollout. Saccos are set to adopt a bank-like full-file credit information sharing system that will enable them to share both positive and negative credit information, in a…

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