magicnewskenya

KAKAMEGA, Kenya, February 28, 2025 – Invest and Grow (IG) Sacco has reported a significant improvement in its financial performance for 2024, driven by digital transformation and strategic financial management. During its 48th Annual Delegates Meeting in Kakamega, the Sacco announced key growth milestones, including an increase in its asset base and loan portfolio. IG Sacco's total assets grew from KSh14.1 billion in 2023 to KSh14.6 billion in 2024, reflecting a 4% increase (KSh565 million). Additionally, its income rose from KSh1.91 billion to KSh1.99 billion, marking an 4% growth (KSh83 million). Loan Portfolio Expansion Chairman Kennedy Keya disclosed that the Sacco’s loan portfolio expanded by 17%, rising from KSh10.5 billion in 2023 to KSh12.3 billion in 2024. This growth was attributed to an increased uptake of loans, enabled by continuous credit policy reviews that made credit more accessible and affordable for members. Loan disbursements also saw a substantial r...

Private security firms are urging stakeholders to engage in discussions over the implementation of the KSh30,000 minimum wage for security guards, arguing that the directive is unsustainable given the current economic conditions. The Protective Security Industry Association (PSIA), led by Chairman Cosmas Mutava, has emphasized the need for a balanced approach that considers both employer and employee concerns. Mutava's appeal comes after the Employment and Labour Relations Court dismissed a petition challenging the wage policy. The petition, filed in November 2023 by a group of private security company owners, was struck out after the petitioner failed to pursue it. In his ruling, Justice Mathews Nduma stated that the case had been abandoned and, therefore, could not proceed. “The petitioner having abandoned the suit, the case stood to be closed for lack of interest to prosecute,” ruled Justice Nduma. The judge also noted that the petition was an abuse of the court proc...

February 18, 2025 – Experts, political leaders, and representatives from various organizations have gathered at the Ferris Peace Conference in a bid to shape Sudan’s future. Among the attendees is Dr. Joe Herbishop, a conflict resolution expert and national figure, who believes the conference marks a turning point in Sudanese history. The conference brings together political parties, movements, native organizations, and traditional leaders, all united under a shared vision of peace, unity, and prosperity. According to Dr. Herbishop, a key focus of the gathering is to establish a constitutional framework that will guide the peace process and ensure equal opportunities for all Sudanese people. “The first step is to agree on a consensus-based constitution that will govern the peace process and social fabric of Sudan’s diverse communities,” Dr. Herbishop said. “From there, we will work to form a government of unity, known as the Peace and Unity Government.” The initiative comes...

The Kenya Medical Training College (KMTC) has reaffirmed its commitment to collaborating with the Kenya Medical Research Institute (KEMRI) in research dissemination and the implementation of the government’s Social Health Authority (SHA) initiative.  Speaking during the KEMRI Annual Scientific and Health Conference (KASH), KMTC CEO Kelly Oluoch emphasized the role of research in shaping healthcare policies and services. "This conference is an eye-opener for all of us, especially in the dissemination of research information and its application in real-world healthcare settings. As KMTC, we will work closely with KEMRI to ensure that research findings are accessible and beneficial to the public," Oluoch stated. KMTC, Kenya’s largest middle-level medical training institution, plays a key role in the health sector by training healthcare professionals across the country. Oliech highlighted that KMTC has been actively collaborating with KEMRI and...

The Kenya Institute of Special Education (KISE) has reiterated its commitment to supporting parents of children with disabilities, including those with autism, as part of its ongoing efforts to address the unique challenges they face. Speaking during a Parent Engagement luncheon at KISE, Director General Dr. Norman Kiogora emphasized the institution’s dedication to equipping parents with essential knowledge and resources to better support their children. "As KISE, we will continue to stand with parents of children with disabilities by providing advice, resources, and a strong support system to help them navigate the challenges they encounter," Dr. Kiogora stated. The event provided an interactive platform for parents to share their experiences, receive expert guidance, and explore best practices in caring for children with disabilities. KISE remains committed to fostering inclusive education and strengthening collaborations with families and stakeholde...

As we celebrate and mark the Chinese New year, we take a moment to reflect on the success story of China Square, the innovative supermarket that is making waves in Kenya’s retail market. Established in 2023, China Square opened its first branch at Unicity Mall on Thika Road. The store quickly gained popularity for offering a wide range of products at significantly lower prices compared to other retailers. With an extensive selection of products, ranging from household appliances, electronics, furniture, hardware, stationery, toys, pet supplies to car accessories, home décor, and utensils, China Square has become a one-stop shop for Kenyan consumers. The positive reputation built at the Unicity Mall location paved the way for rapid expansion. To date, China Square has opened six additional branches across the country, including locations at Karen Waterfront Mall, Lang'ata Uchumi Hyper, Mombasa Nyali Bazaar, and Kisumu Mega City Mall. The most recent additions to the chai...