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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…
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…
Tom Charigah emerged the winner of a three-bedroom house worth KSh3.2 million in a savings promotion scheme organized by Mwalimu National Sacco. READ ALSO: Kajiado women to receive interest-free loans if law is passed Charigah who been a member of the Mwalimu Sacco for over 40 years, was given the house situated at Kisaju area…
Top Saccos in the country are paying members at least four per cent more in dividends for their 2023 savings compared to a year earlier. Most cooperatives attributed the performance to muscular growth in its net interest income, enhanced member deposits and increased membership. Safaricom Investment Corporative (SIC) members will take home KSh142.4 million in…
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…
Kiliifi based Imarika Sacco recorded a net profit of KSh323.8 million for the year ending December 31, 2023. A year earlier it posted a net profit of KSh397 million. Total assets for the Sacco rose from KSh13 billion as compared to KSh11 billion in 2022. READ ALSO: Imarika Sacco gets a new chairman In itd…
The Invest and Grow (IG) Sacco, based in Kakamega County on Wednesday February 28, 2024 reported a 2.5 per cent jump in 2023 net profit. The net profit of KSh1.91 billion for last year compares with a profit of KSh1.86 million a year earlier. The Sacco intends to enroll more members to channel their income…
Traders in Taveta Sub- county, Taita Taveta County are set to benefit from a KSh70 million modern market under construction in partnership National Government and county administration. The State is collaborating with the county under Economic Stimulus Programme. Speaking on Thursday, February 29 during the meeting with traders for deliberations on the construction of the…
A Mlolongo-based boda boda Sacco has received KSh1 million from Machakos Governor Wavinya Ndeti to increase their investment. Samsa Boda Boda Sacco received the cheque at the Liberty Grounds in Mlolongo on February 24, 2024 during a public participation forum on the 2024/2025 Fiscal Strategy Plan. The jubilant riders welcomed Governor Wavinya and her entourage…
Kenya National Chamber of Commerce and Industry (KNCCI) Kericho branch will assist youths in the county to venture into small scale businesses through access to funds and financial training. The chairman of the branch Pastor Robinson Bett said the youths in the county urgently need financial help which should be provided after financial trainings and…
