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Rose Chepngetich,leading female in SACCO boardrooms

By Jackson Okoth At the helm of Kimbilio Daima Sacco Society Limited as Chief Executive for more than 18 years, Rose Chepngetich remains an inspiration to many women aspiring to occupy executive positions and make a difference in the corporate world. Rose represents a class of women joining the boardroom and executive positions of many Savings and Credit Co-operative Societies ...

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Bad debt leaves Kumisa Sacco in financial crisis

By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the institution started in 2013 is on the verge of collapsing owing to liquidity challenges. The Sacco Board of Directors Secretary John Gakure informed members that some board members had overdue ...

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Saccos to get Sh2.26bn remittance from State agencies

By Our Reporter The National Treasury Cabinet Secretary Ukur Yatani has directed all government parastatals to remit billions of shillings in statutory deductions within the next four months. Unremitted Sacco deductions stand at Sh 2.261 billion according to the treasury data. He warned state corporations chief executives who will not comply with the directive. Many Saccos have been having liquidity ...

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Court gives nod to increased levy for Saccos

By Jackson Okoth Deposit-Taking Saccos that run FOSAs will in this financial year pay more levy to the Sacco Societies Regulatory Authority (SASRA). This follows a ruling by Judge Weldon Korir that found that amendments to the Sacco Societies Deposit Levy order were done in consultation with all stakeholders, hence could not be quashed or faulted.  SASRA increased the Sacco ...

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Kakamega launches Sh23m smart farm

By Andanje Wakhungu County Government of Kakamega has launched a multi-million smart farm that will be used to collect milk and train youths in Lugari Sub-County. Deputy Governor Professor Philip Kutima said Lugari Dairy Smart Farm at Kabras County Polytechnic will benefit residents. The farm which was constructed at a cost of Sh 23 million will serve as a learning ...

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2NK Sacco trains drivers on road safety

By Asa Maina 2NK Sacco recently organized a sensitization workshop for its drivers in a bid to sensitize them on road safety. 2NK Sacco Chairman James Kahiro said this was to prepare them as festive season and the closure of schools approaches. He noted that it was important for the drivers to be reminded on the need to maintain the ...

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Embu farmers irked by findings on coffee cooperative

By Kamundia Muriithi An inquiry into alleged malpractices at New Kyeni Farmer’s Cooperative Society has absolved the management from the allegations, but left the farmers dissatisfied. Farmers had accused the management of the Embu-based society of various malpractices and abuse of office, which they said led growers to uproot their coffee. The row escalated to a point where last year, ...

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Government to support youth embrace agriculture

By Boniface Mulu The government will continue supporting the modernisation of agriculture and teaching farmers the importance of growing crops suitable for their agro-ecological zones using the right techniques. Agriculture Cabinet Secretary Mwangi Kiunjuri also said the government is focused on making agriculture attractive to the young people. Kiunjuri made the remarks in a speech read on his behalf by ...

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Women take over Miraa trade

By John Majau When Miraa farming was started in early 1940s in Nyambene region, Meru County, women were totally prohibited from consuming and selling of the lucrative khat that first originated from Harare in Ethiopia in the 11th century before spreading to Kenya in 14th century. But things have changed as women have taken over the business. According to Nyambene Miraa Traders ...

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