Cash-strapped Wevarsity Sacco replaces entire board

By DOUGLAS DINDI Cash-strapped Kakamega based Wevarsity Sacco has replaced the entire board of directors in a recent elections held despite Covid-19 protocols. About four hundred members gathered at the Masinde Muliro University of Science and Technology Annex Grounds to  vote out the executive committee comprising Jason  Nganyi (Chairman), Agatha Mbakaya (Vice chair), Rita Shitemi…

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KMRC disbursed Sh2.75bn for home loans in 2020

By Malachi Motano The Kenya Mortgage Refinancing Company (KMRC) disbursed Sh2.75 billion in 2020 to participating primary mortgage lenders (PMLs) in its debut lending since it was established. “That amount was part of Sh4.5 billion mortgage loan portfolios available for immediate refinancing to participating financial institutions. We (KMRC) are drawing down funds from both the…

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