April 28, 2024
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Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

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Stanbic Banks Chief Financial Value Officer Dennis Musau. Photo: courtesy

Stanbic Holdings boosts dividend after KSh12 billion profit

Sacco Review02 mins

Stanbic Holdings reported a KSh12.16 billion profit for 2023, allowing the lender to increase dividend to members. Annual profit was up 34 per cent from the previous year’s record of KSh9.06 billion after the net profit hit the highest in company’s history. READ ALSO: KenGen profit falls 9.2 per cent on weak shilling Therefore, Stanbic…

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Agriculture and Livestock Development Cabinet Secretary (CS) Mithika Linturi flagging off the launching of sunflower seeds distribution under the edible oil crops promotion project.

Linturi tours Taita Taveta with bag of goodies for farmers

Sacco Review05 mins

By Michael Oduor/ oduormichael2021@gmail.com Taita Taveta County has received a mobile grain dryer from the National Government in an effort to assist farmers in mitigating post-harvest losses. Agriculture and Livestock Development Cabinet Secretary (CS) Mithika Linturi while launching the dryers said the equipment comes in handy to ensure efficiency in drying grains. This will result…

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The late Murungi Kibanga Manyara

A tribute to the fallen hero in cooperative movement

Sacco Review06 mins

The curtain has fallen on the man, Murungi Kibanga Manyara, who bestrode the country’s cooperative movement landscape like a colossus for close to half a century! The cruel hand of death has indeed robbed the country of its icon on matters cooperative law. The late Kibanga, who breathed his last on March 1, 2024, after…

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Some of the investors elated after receiving their title deeds.

Joy as land buyers in Thika receive title deeds after years of wait

Sacco Review04 mins

Investors who bought land through a Thika based land firm, the Lesedi Developers Limited, have a reason to smile after the firm began issuing them with title deeds after years of wait. Following many days of court battles between the firm and investors over the former’s failure to issue them title deeds and alleged multiple…

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Former Commissioner of Cooperatives Mr. Geoffrey Njang’ombe

Mbarire promises to help Embu bodaboda riders form Sacco

Sacco Review05 mins

Thousands of boda boda operators in Embu County will be supported to launch a Sacco to enable them save and access loans and motor cycles, Governor Cecily Mbarire has announced. Governor Mbarire said once founded the Sacco would ensure that the boda boda operators are not subjected to exploitation by shylocks who charge unwarranted interests…

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Kenyan Cabinet Secretary in charge of Co-operatives and MSMEs Development Hon. Simon Chelugui, EGH (left) receives the 2024 SACCA Mantle from his Botswana Counterpart Hon. Karabo Socraat Gare. This signified Kenya will host 2024 event.

Kenya to host African cooperatives congress

Sacco Review03 mins

Savings and Credit Cooperative Annual (SACCA) Congress will be held in Kenya later this year. Plans to host the 2024 SACCA Congress in the country have started in earnest with the constitution of a high-level working group. The Congress will go along the same lines as the previous Continental Congresses that made important contributions towards…

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Ufundi Sacco Plaza. Photo: Courtesy

Ufundi Cooperative sacco announces sale of tower to clear debt

Sacco Review03 mins

Ufundi Savings and Credit Co-operative Society Limited has announced the sale of it’s 14-storeyed building, Ufundi Co-op Plaza, at the junction of Moi Avenue and Moktar Daddah Street. In a local daily newspaper notice dated February 29, 2024, the Sacco has invited bidders for the iconic building Nairobi Central Business District that will be sold…

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