Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya Commercial Bank (KCB) is set to sell 7 residential units, owned by real estate developer Mahugu Limited, to recover a substantial loan amount. This comes after the court cleared the bank to proceed in the loan recovery spree. The ruling by Justice Peter Mulwa comes amidst a Ksh446 million loan dispute and claims by…
Calls have been made to the Government and the private sector to support young innovators, entrepreneurs and creatives to commercialize their products. Key players in the education sector observe that there’s a batch of next generation innovators in learning institutions across the country who have transformative ideas that will shape the future through creativity and…
The Kenya Commercial Bank (KCB) has recently responded to Auditor General Dr. Nancy Gathungu’s report which showed that some customers received Hustler loans without Identification Cards noting that the problem was caused by technical hitch during transition. Through a statement from the bank Managing Director Mrs Annastacia Kimtai, KCB indicated that the auditor had shared…
Equity Bank has once again been recognized as Kenya’s most admired brand, as banks top the list of best brands in the country. According to the latest report by brand valuation consultancy firm–Brand Finance, Equity attained a brand value increased to KSh65.8 billion, representing one per cent increase. Safaricom follows closely with KSh58.1 billion then…
By Malachi Motano Savings and credit cooperative societies (Saccos) can now make owning home a reality to their members thanks to a structured financing of affordable houses product by Kenya Mortgage Refinance Company (KMRC) which ensures there is alignment between rents and mortgage take up. “We needed to focus on Saccos because there is greater…
By Abdi Hussein Most of the Bodaboda riders claim they cannot raise the Sh4, 500 fee required for the nationwide safety training program training launched recently. The program sponsored by the national government in collaboration with National Transport Safety Authority (NTSA) and National youth service (NYS) is aimed to raise road safety awareness across the…
By Roy Hezron Stima and Tower Saccos are among the first four Primary Mortgage Lenders (PMLs) to benefit from the Sh2.75 billion Kenya Mortgage Refinancing Company (KMRC) kitty. The disbursement done on 17th December 2020 saw Nyandarua based Tower Sacco which is a get Sh29 million while Stima Sacco got Sh69 Million. The two Saccos…
