Saturday, April 26, 2025

SAVINGS & INVESTMENT

Saccos that have lost money in KUSCCO; the millions they had invested

A number of Saccos that had invested millions of money at the Kenya Union of Savings & Credit Co-operatives (KUSCCO) have publicly acknowledged their...

Metropolitan Sacco declared insolvent; members lose billions in savings

Troubled Metropolitan Sacco has been declared insolvent. This was announced by the Commissioner for Co-operatives David Obonyo who said that the Sacco would require...

247 Saccos ordered to cut dividends over multi-billion Kuscco fraud

247 Saccos have been directed to cut their dividends over expected losses emanating from the multi-billion fraud that hit the Kenya Union of Savings...

Black tax: My mom says she’ll curse me if I don’t send her money yet I’m broke, what should I do?

A distressed Kenyan has reached out for advice, saying that he fears for his future after his parents threatened to curse him. He revealed that...

MANSA Secures $10 Million in Funding Led by Tether to Solve Liquidity Challenges in Cross-Border Payments 

MANSA, a global fintech innovator in cross-border payments, has announced the successful close of its $10 million funding round. This marks a significant milestone...

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