Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Car and General, a Nairobi Securities Exchange-listed firm is deepening its foray into the property business with a KSh800 million mall project in Shanzu, Mombasa County. The firm intends to build the mall on four acres, with the construction set to begin next year to be completed by 2026. “We are looking to commence a…
According to Joseph Siror, the managing Director of the Kenya Power and Lighting Company (KPLC), for every KSh100 paid by customers, KPLC receives only KSh2 or less as profit. He also stated that most of the money goes to the generation of electricity. “For every KSh100 that you pay in the bill, 65 per cent…
Kenyan lender Equity Group reported a 13 per cent fall in 2023 pretax profit to KSh51.9 billion, weighed down by a surge in provisions for bad debts, the firm announced on Wednesday March 27. Equity is East African country’s top lender by earnings. READ ALSO: Capital Sacco launches promotion to reward members purchasing shares The firm…
