Kasigau Ranch. Photo:courtesy

Chaos erupts at company’s Annual General Meeting over KSh100 million

During the Kasigau Ranching Company Annual General Meeting (AGM) which was took place on Friday, May 10, disputes arose as shareholders were not pleased by the Board of Directors and how they spent the company’s finances. The more than 3750 shareholders rejected the company auditor and secretary reports which they described biased and inaccurate. READ…

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Dr James Mwangi, Equity Group Managing Director & CEO, during Investor Briefing and Release of Q1 2024 Financial Results today.

Equity Group first-quarter pretax profit rises to KSh20.4 billion

Kenya’s Equity Group announced today Monday, May 13, that its first-quarter pretax profit rose 21 per cent to KSh20.4 billion, helped by growth in interest income. Equity, which also operates in Tanzania, Uganda, Rwanda, South Sudan, Burundi and Democratic Republic of Congo, said its net interest income increased to 28 per cent, translating to KSh27.8 billion….

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Construction in the past. Photo;courtesy

Chinese tycoon to build eight 34-storey apartments in Ngara

Chinese investor Zeyun Yang plans to put eight 34-storey blocks each accommodating 1632 families in Ngara estate which is located near Central Business District. Yang through his firm Erdemann Property said Rier Estate Housing Development will comprise a shopping complex with 60 outlets, where residents will be able to access essential purchases within the mixed-use…

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Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs) Simon Chelugui plants a tree Kangari in Kigumo, Murang'a County on Friday May 10. Photo:courtesy

Cooperatives Cabinet Secretary leads tree planting in Murang’a

Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs) Simon Chelugui on Friday, May 10, spearheaded tree planting at Kangari in Kigumo, Murang’a County in line with President Williams Ruto’s directive to mitigate against climate change. Chelugui was welcomed by the area administrators. “In line with President @WilliamsRuto’s directive setting aside May…

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Entrance to the Greatwall Gardens

Despair as KCB plan to auction 78 Greatwall apartments on May 21 at Westlands

KCB has advertised the sale of 78 of two-bed apartments at Greatwall Gardens in Athi River to recover a KSh1.9 debt that the developer Erdermann Property Limited had borrowed. In a notice in one of the daily newspaper on May 6, KCB Bank through the auctioneer Garam Investments, advertised the units for sales even as…

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Recent free medical camp in Siaya County. Photo:X/Mpesa Foundation

Mpesa Foundation holds free medical camp in Mathare North Sub-county today

A free medical camp organised by the Mpesa Foundation and in partnership with Zuri Health hold today, May 11, at the Drive-in Primary School in Mathare North Sub-county in Nairobi. Residents will benefit from the free medical check-ups, physician consultations, eye and dental check-ups, blood sugar tests, blood pressure measurements, body fat assessments, and Body…

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Acumen Sacco members during their AGM.

How to improve governance of cooperatives, restore members’ confidence

Kenya is reputed to have the most vibrant cooperative sector in Africa. Financial cooperatives have grown exponentially necessitating the enactment of the sector-specific Sacco Societies Act, 2008, to regulate them. It is believed some Saccos have mobilised more deposits compared to some licenced commercial banks operating in the country. But what then ails this critical…

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A man walks in flood waters in Garissa County. Photo:courtesy

Britam asks SMEs to embrace flood insurance

Financial service firm, Britam is requesting a small and medium-sized enterprises (SMEs) to embrace risk mitigation schemes in the wake of floods that have hit the country’s social economy. During an SME networking forum hosted in partnership with Kenya National Chamber of Commerce and Industries (KNCCI), the Managing Director of the firm Tom Gitogo said that…

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