Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Central Bank of Kenya (CBK) has opened bidding for two reopened fixed-coupon Treasury bonds with a combined value of Ksh60 billion, offering Kenyans, including Sacco members and individual investors, an opportunity to earn stable long-term returns with a minimum investment of Ksh 50,000. The bonds, issued under prospectus numbers FXD1/2018/020 and FXD1/2021/025, carry coupon…
Over 6,000 foreign investors, both individuals and corporates listed on the Nairobi Securities Exchange(NSE), sold their shares worth Ksh 10 billion from the top five companies in Kenya by the end of April 2026. The top Kenyan companies, Safaricom Plc, Equity Group, KCB Group, EABL, and Cooperative Bank of Kenya, claim normal operation despite the…
A legal vacuum and an outdated law has denied Savings and Credit Cooperative Societies(SACCOs)the opportunity of listing and raising cheaper capital from the Nairobi Securities Exchange. Compared to listed firms that can float a bond or commercial paper to raise cash, SACCOs rely purely on internal sources including doing share drives through selling more shares to…
The National Treasury has accelerated plans to sell a majority stake in Kenya Pipeline Company (KPC) as it seeks to raise Ksh100 billion to ease mounting financial pressure. The move comes as the government struggles to access funds from development partners and development finance institutions, prompting a shift toward privatization of profitable state corporations. Under…
Jubilee Insurance has advertised vacancies for four jobs including Audit, Risk & Compliance Officer, Business Development Officer, Senior Accountant, Financial Reporting and Chief Distribution Officer. The closing date for all vacancies is June 2, 2024. Please visit the https://jubileeinsurance.com/ke/careers/ for more information. Founded in 1937, Jubilee Holdings Limited (JHL) has over over 1.9 million clients…
