Westlands is one of the most developed constituencies in Nairobi leading business based on office marketing in Kenya. Westlands serves as the core of almost all business carried out mostly in rental offices around Nairobi and millions of companies have occupied different buildings selling different goods and offering services.

When it comes to rental offices in Westlands the demand is high due to archivable prices. However, starting an office in Westlands might be a bit challenging if you are not well-settled financially and you are looking to rent an office space to set up your business or company. The prices of offices in the Westlands always depend on where they are located.

The rental office’s average price in Westlands starts as low as Ksh 45,000 per month to over Ksh 800,000 per month.

Offices for rent in Westlands Muthithi Road

The rental Office Suites are currently located at Murithi Road. The rental office price ranges from Kshs. 75,000 per month  The building has 2 wings and comprises 42 office suites each fitted with washrooms a kitchenette, and 4 levels of parking. The rental office property is near the neighboring shopping centers such as the Sarit Center and The Mall Westlands.

Key Features of the Office Block
• 2 Lifts
• High-quality finishes to floor and ceiling
• Ample parking spaces
• Kitchenette
• Executive washrooms
• Common washrooms on each floor

payment plan.

Rent: Kshs. 75/- per sq. ft.
Service Charge: Kshs. 25/- per sq. ft.
Parking: Kshs. 7,500/- per sq.Ft

Westlands near the Malawi embassy

This office is located along Wai Yaki Way Road right opposite the Malawi embassy and is complemented by a breathtaking view of Westlands City. The average rental office rent is KES 200,000.00 / month. 

 It is a business center that is designed to suit any professional with the need for a comfortable, high-quality, and convenient working environment. The office has fully designed and functional workspaces with efficient and high-speed internet services, all backed up by a state-of-the-art security system to ensure that on-site clients and items are safe and secure.

payment plan

Rent and deposit

The post Rental Offices in Westlands and Their Prices. appeared first on Jambo Daily.

   My Space Property CEO  MWENDWA THURANIRA, is a real estate and property firm offering residential real estate for sale and lease. The realtor attributes his financial discipline to his grandfather who was a reputable businessman in Isiolo. The CEO of Myspace Properties captures the spirit of the true hustler through his journey of selling his belongings and moving countries in search of greener pastures. In the USA Mwenda secured his first job as a bellboy at a hotel located in Florida. Mwenda says he had a lot of time to spare. He tried to pursue flying and he secured a private license, however, in his heart, he felt real estate was what he preferred. He kept his bell job and explored ways on how he could bring his real estate to life. Mwendwa Thuranira has worked in both low and high offices in the country and in the outside countries where he worked in a construction company.

Education life.

Mwendwa Thuranira went through both primary level and secondary levels, where after he finished his secondary education at  Burieruri secondary school he got three invitation letters for higher education from Utalii College, Nairobi University, and George Washington University in Georgia, USA. Mwendwa’s father went through the invitations he selected Utalii College for him since the learning there was almost free of charge. However, after some time, Mwendwa Thuranira decided to pick and pursue a business administration course at George Washington since he had no interest in the hospitality industry at Utalii College.

Mwendwa Thuranira’s career.

Mwenda Thuranira learned how to be courteous at Utalii College, especially when he was an intern for Air France in Nairobi. After the Airfrance shut down Mwendaw Thuranira decided to chase his American dream. He sold the items he had, refused to take the local jobs he was offered sold the vehicle he owned, and left Kenya in December 1999.

In the US Mwendwa Thuranira secured his first job as a bellboy at a hotel in Florida. Though Mwendwa was working, he had a lot of spare time. At first, he would pursue flying and even got himself a private license, but deep down he knew he needed to get into real estate.

Mwendwa Thuranira also took a construction job which would be the only way to help him understand and explain more about his dreams in real estate. Mwendwa started from the bottom as a construction worker. In the US construction work was more advantageous since most labor was done by machine rather than how it’s in our country manually. The job was well payable  at the end of the week Mwendwa would earn $500

While in America, Mwendwa came across a rundown house that he wanted to buy, renovate, and sell for a profit. The house cost $20,000 (Sh2 million) and he only had $2,000 (Sh200,000) to my name. A quotation for the renovation came to $8,000 (Sh800,000), again money Mwendwa didn’t have enough money. My boss, who was in real estate, agreed to renovate the house at a fee. After the house renovations were done he sold the house for $42,000 (Sh4.2 million).

Mwendwa Thuranira started reinvesting in Kenya while still in the US. During the early signs of the US recession (2008-2009), he had two options: to change jobs, which meant quitting real estate, or to come back home. Imwendwa chose to  returnback home.  However, he lost some money when things went south in America. But nonetheless, it was a good choice to invest in two markets for security. On coming back to Kenya, his initial investments were in Nairobi, Mombasa, and Meru.

Mwendwa’s family.

Mwendwa Thuranira is married to his wife Venessa Magiri and together they have two children.

Mwendwas Net Worth

Mwendwa Thuranira’s net worth is between 50 -60 million which depends on the number of clients he gets every month.

The post Mwendwa Thuranira’s Bio, Education, Career, Family, and Net Worth appeared first on Jambo Daily.

Humphrey Wattanga, born Humphery Wattanga  Mulongo is a Kenyan Citizen serving as the Commissioner General for Kenya Revenue Authority. He was appointed as the new commissioner general at the Kenya Revenue Authority on 22 August 2023.

Prior to his recent appointment, Wattanga was a senior partner until January 2023 when he left to join Meghraj Capital as managing director. Wattanga served as a commissioner and vice chair of the commissioner on Revenue Allocation Between 2017 and December 2022.

Humphrey also served as the managing director of Meghraj Capital, Meghraj Group’s investment and banking advisory business. He began his career as an intern at East Africa Industries which later became Unilever.

Wattanga worked as a marketing manager for Agilion until 2001 when he moved to AT&T as a business development manager, after his degree in masters.

Humphrey Wattanga Age and Place of Birth

Despite his stellar career, the new Times Tower Sherrif has retained a private life and much is still unclear about his date of birth or place birth.

Humphrey Wattanga Education life.

Humphery began his early education at Uhuru Estate Primary School where he was ranked among the top 20 best-performing pupils in the Kenya Certificate of Primary Education (KCPE) 1986. Demonstrating his high level of academic performance Wattanga joined Alliance High School, where he attained the top national ranking in 1990 as the best student in the  Kenya  Certificate of Secondary Education (KCSE) Exams.

Wattanga majored in biochemical science at Harvard University, After a long struggle of hard work cloning a gene essential to genetic switch mechanisms he received an honorary degree.

He then enrolled at the Warton School of Business, where he received the prestigious Nelson Mandela Hope Worldwide Scholarship. He graduated with a Master’s of Business Administration in Information System Strategy and Economics.

Humphrey Wattanga Career

During this time Wattanga also worked as the Managing director of the Meghraj Capital Group, Demonstrating his multifaceted expertise. Wattanga’s expertise in mobilizing capital and structuring financial transactions spans both the public and the private sectors, having cultivated over two decades.

Notably, Wattanga introduced an innovative automated bond trading system to the Nairobi Securities Exchange, which played a pivotal role in issuing the world’s first mobile-only government bond, M- Akiba.

During his tenure, he spearheaded a comprehensive review of counties’ Own Source Revenue (OSR) potential. His analyses revealed a significant gap between the actual and potential revenue. With an estimated potential exceeding Ksh 260 billion, counties were underperforming by Ksh 38 billion annually.

His career journey encompassed diverse roles, from a Marketing Manager at Agillion to a Business Development Manager at American telco AT&T/SBC Communications. His journey led him to AFCORP Investments, a Pan African investment banking and advisory firm, where he served as a senior partner. His first foray into public service was at the Commission on Revenue Allocation (CRA), where he held the roles of commissioner and vice-chair.

Wattanga’s two decades of experience in corporate governance and business development equip him with a deep understanding of financial dynamics and strategic planning. His appointment to the helm of KRA comes at a pivotal time, with the government aiming to raise significant funds to support national activities and stabilize the economy.

Currently, as the Commissioner General of the Kenya Revenue Authority, Mulongo continues to drive his passion for innovative technology and financial structuring.

His role is integral in fostering market linkages and optimizing revenue generation for the country.

Humphrey Wattanga Salary and Net Worth

KRA is not only one of the biggest parastatals in Kenya, but it’s also one of the best-paying parastatals in Kenya. Working in his capacity, Wattanga will be earning an approximate monthly salary of Ksh 800k including allowance.

Speaking of his net worth, having served in a senior position before he must have accumulated a valuable net worth for himself. His estimated net worth ranges from Ksh 200 million to 350 million.

The post Humphrey Wattanga Bio, Education, Salary, Career and Net Worth appeared first on Jambo Daily.

When it comes to rental stalls, landlords decide the fate of their tenants when it comes to renting out their stalls. Landlords decide if they’ll rent out their stalls with or without goodwill.

Speaking of goodwill, goodwill is described as the assumed business value and its asset which a tenant pays to the landlord before occupying the stall. The goodwill is meant to be refunded to the tenant if he wants to relocate but in most cases, the refund takes time, or in the worst cases it ends up in the back-and-forth stories.

In this article, we highlight some of the rental prices for stalls in Thika town, highlighting some that ask for goodwill and those without.

Rental Prices for Stalls in Thika Without Goodwill.

This is are the hotcakes in the market especially if they are front-row stalls. The reason why most business people book without goodwill stalls even before the completion of the building is that it assists them in saving more capital for their business.

For instance, for most stalls that request goodwill, the minimum amount they can ask for is Ksh 100k for a small stall measuring less than a 30 sqft stall. Instead of paying this amount of money as goodwill, they prefer to invest it in adding more stock to their business.

Despite Thika being one of the top business hubs in Kenya, it also ranks as one of the towns that offer business premises at an affordable price. Compared to Nairobi CBD, the stall prices are normally twice as cheap.

However, despite being twice cheaper the business side can’t be compared to Nairobi CBD due to population. Additionally, just like in Nairobi the street and place of the stall determine the amount of the rent to be paid.

Below are some of the buildings where you can get a stall without goodwill.

1. JEFF K CENTER( Next to Victory Plaza).

Front Shops (10.9sqft )

• Without Goodwill prices; monthly rent is Ksh 20k, Once you decide to rent without Goodwill your rent will be slightly higher

This goes for  the 10.9 sqft stalls

side shops (8.2sqfts)

Without Goodwill price; monthly rent is 17,500 

 Entry fee

1.1-month rent

2.2 months rent deposit

3.3 service charge

 Topaz Driving School Building 

Front shops[52 square feet]

• without goodwill price; ksh100,000k

Inside shops[48square feet]1

• Without goodwill prices; Ksh50,000k 

Entry fee 

1. 1month rent
2. 1-month rent deposit
3. services charge

Thika Arcade Building (Opposite Naivas supermarket).

Front stalls (9.4sqft)

The stall’s monthly rent is  Ksh 25,000 without a Goodwill price

Inside stall

The price varies according to the size of the stall  hence the smallest going at Ksh 10,000 and the large one at 10.4 sqft range at Ksh 17,000 all without Goodwill prices

Entry fee 

1. 1month rent
2. 1-month rent deposit
3. services charge

KIHANYA BUILDING (Next to Thika Arcade building)

Front stalls (30sqft- 12sqft)

The monthly stall rent is Ksh 56,000 for the large ones while the medium size goes at a fair price of  Ksh 42,000 all without goodwill prices.

inside stalls.(10.8SQFT)

The monthly stalls rent is Ksh 25,000 without Goodwill prices

Entry fee 

1. 1month rent
2. 1-month rent deposit

Read Also: Rental Prices For Stalls in Nairobi CBD, With and Without Goodwill

The post Rental Prices for Stalls in Thika With and Without Goodwill. appeared first on Jambo Daily.

This article provides a list of stima sacco loan products and other relevant details about the sacco operations. Many Kenyans prefer Saccos because they provide lower interest rates, lower insurance fees, and numerous discounts.

This Sacco offers excellent deposit returns, the ability to grow financial reserves quickly, and investment alternatives. Stima Sacco offers a variety of loans that can be tailored to your specific needs.

List of Stima Sacco Loan Products

Long Term Personal Loan Products

The loanee finances this loan over a longer period of time. They are frequently larger sums.

Normal Loan 1 and 2

They are as follows:

• Interest rate: 12% for all
• Repayment: 48-60 months

Super Loan

• Maximum loan amount: 3 and 2 times your member’s alpha deposits
• Interest rate: 14%
• Repayment: 60 months
• Maximum loan amount: 4 times your Stima Sacco Savings account alpha deposits

Mwagaza Loan 1 & 2

• Interest rates: 14% and 18% respectively
• Maximum loan amount: Kshs. 3 million
• Minimum deposit contribution: 10,000 per month
• Repayment: 48 and 60 months respectively

Premium Loan

• Interest rate: 14%
• Repayment: 72 months
• Minimum deposit amount: Kshs 1 million

Vuka Loan

• Interest Rate: 16%
• Repayment: 72 months
• Maximum loan amount: Kshs. 5 million
• Minimum deposit contribution: Kshs 7,500

Flex 1 and 2

• Interest rate: 15%
• Repayment: 15 months
• Maximum loan amount: 4 times member’s alpha deposit

Read, Mwalimu Sacco Loans Types Requirements & Interest Rates

Short Term Personal Loan Products

These are loans that have lower repayment periods. The highest has 12 months. The amount is also slightly lower.

Prime Advance Loan

• Interest rate: 18%
• Maximum loan amount: Kshs. 200,000
• Repayment: 12 months

Emergency School Fees Loan

• Interest rate: 12%
• Maximum loan amount: 3 times member’s alpha deposit
• Repayment: 12 months

Msingi Bora School Fees Loan

• Interest rate: 10%
• Maximum loan amount: 75% of Msingi Bora deposits
• Repayment: 12 months

Salary Advance Loan

• Interest rate: 5% per month
• Maximum loan amount: 100,000
• Repayment: I month

Business and Group Loan Products

If you wish to start, expand, or grow a business, the loans in this area are for you. These are loans that your large or small chama can take out. This form of loan can be utilized for building, agriculture projects, and a variety of other purposes.

Working capital loans, Asset financing, school loans, LPO loans, Investor loans, Stima Sacco plot financing loans, Makazi Poa loans, and Mpawa loans are a few examples.

Requirements for Stima Sacco Loans

• Appraisal Requirements.
• History of previous borrowing.
• A borrower must meet the set eligibility criteria.

Stima Sacco branches

For any inquiries, complaints or any other unclear issue. You can visit any of the Stima Sacco Branches at Head Office Nairobi, Mombasa, Kisumu Branch, Nakuru Branch, Olkaria Branch, Eldoret Branch, Kawi Centre (South B), Nairobi CBD and Embu.

Contacts: 0703024000/001

The post List of Stima Sacco Loan Products in Kenya appeared first on Jambo Daily.

Mwalimu National is the country’s largest African Sacco, with members from all around the country. The institution’s goal is to empower and enable tutors to gain access to inexpensive financial services. Mwalimu Sacco loans, for example, have significantly cheaper interest rates.

Mwalimu National Sacco provides a variety of loans to teachers and members. They are all suitable for different sorts of financing and have varied interest rates and conditions. To choose the best credit, you must first comprehend the loans given by this company.

This article highlights different types of mwalimu sacco loans, interest rates, loan amounts and repayment terms.

Mwalimu Sacco loan types

The alternatives for funding available to you as a member are listed below. We have provided the prerequisites for loan approval as well as their related interest rates.

BOSA loan products

Back Office Services Activities financing is made against your deposits. Products offered here include:

Wezesha loan

Wezesha is the only financing option that does not require a six-month wait before applying for loan processing. As a new member, you have immediate access to up to Ksh. 600,000, and your first savings deductions are deposited into your account. A third of the fund will be kept as reserves for you.

The following terms and conditions apply:

• The product is only for new members
• A loan interest rate of 13% will apply
• The maximum repayment period is 36 months
• A 2% processing fee is deducted
• The credit should be guaranteed fully
• Shares boosted will earn Mwalimu National Sacco dividends on a pro-rata basis

Emergency funding

This credit is only available for unforeseeable events or circumstances. Furthermore, you can only access one type of emergency financing at a time. The following terms are applicable:

• A monthly interest rate of 1% on a decreasing balance is applied.
• It must be paid back within 24 months.
• Based on a third of your net wage, the multiplier is x5.

School fees loan

You can only apply for this for educational purposes. Only one school fee credit is issued at a time. The terms include:

• 1% interest rate per month based on reducing balance It should be repaid within 24 months
• The maximum limit you can obtain is five times your deposits.
• The amount is based on the 1/3 net salary rule.

Normal loan

This is a short term form of financing that will help you in meeting immediate financial essentials. The terms below apply:

• 1% interest per month on a reducing basis
• The maximum loan repayment schedule is 36 months
• You can only have a maximum limit of 3 times your deposits subject to the 1/3 salary regulation.
• Only one standard loan can be granted at a given time

Development loan

You can only take this medium-term loan for investing purposes. You cannot have more than one credit at a time.

• 1.17% interest rate per month on a reducing balance basis
• It should be reimbursed within 48 months
• You can only access a maximum of 4 times your deposits where the a-third-salary rule will apply

Super loan

Super loan is long-term financing that should be used for investment purposes. The following terms apply:

• 1.20% interest per month
• A limit of 4 times your member deposits Should be paid back within 60 months
• You can only take one Super Loan at a time

Vision 84

Another long-term investment credit that Mwalimu Sacco offers is Vision 84. Its terms include:

• 1.29% interest per month on a reducing balance system
• Maximum repayment time is 84 months
• You can access up to 5 times your member deposits, and the 1/3 salary regulation applies

Read also, Sheria Sacco Membership Eligibility & Requirements

Mwalimu National Sacco FOSA loans

Products from Front Office Services Activities (FOSA) are designed to suit all the needs of teachers by offering inexpensive and necessary banking services.

The items consist of:

Karibu loan

Newly employed teachers and interns are the only groups that can access this fund. The following conditions apply:

• A 1.5% interest rate per month You should be a member
• The repayment period is within 90 days after you receive your first salary
• Newly employed TSC teachers can access a maximum of Ksh. 60,000, which will be disbursed in three phases of Ksh. 20,000 per month.
• Interns will only be issued with not more than Ksh. 30,000 paid in three Ksh, 10,000 tranches
• The recovery period for each installment is five months
• You are given 90 days grace period from the time you receive the last set of funds.
• The loan is repayable through your salary or any other legal finances.

You will need the following to qualify:

• A posting letter from the TSC
• A copy of your national identity card certified by the school deputy and principal
• A guarantor
• A copy of your TSC casualty returns Pay-point loan application form which should be signed by your school Deputy or Principal

Salary Advance

You can apply for this kind of loan if you have any emergency in the month before the monthly payments are disbursed.

These are the conditions:

• Repayment is due at the end of the given month.
• You can borrow up to 80% of your net pay or even S.A.Y.E.
• The rate is 5%.

FOSA instant credit type 1

Just like the name suggests, you will be given your credit amount instantly if you qualify.

You should be ready to accept the following:

• Should be reimbursed within 30 months
• The rate is 1.5% per month based on reducing balance
• The limit granted is your S.A.Y.E savings times 10

FOSA instant credit 2

Type 1 and 2 differ as they have different rates, payment period, and other terms as illustrated below:

• An interest of 1.25% per month
• Should be repaid within 12 months
• The maximum financing granted is 16 times your net salary.
• The figure is also 10 x your S.A.Y.E savings

Mobile loans from Mwalimu Sacco

You can transact as a member while relaxing in the comfort of your home or office thanks to their go-mobile application. You can carry out all financial operations, including bill payment, purchasing airtime, money transfers, and obtaining an instant loan fromhttps://www.mwalimunational.coop/ Mwalimu Sacco.

M-loan

M-loan is the solution for you if you require a rapid loan without a lot of paperwork. The interest rate is based on how quickly you repay the debt.

• One month at 4%
• Two months at 4%
• Three months at 4%

Only credit of 80% or less of your net pay, or even S.A.Y.E., may be taken. Every month, the institution receives the principle and interest payments.

Individual loans to businesses

The products in this category are made to support your company development as a Mwalimu entrepreneur. They consist of:

Personal loan

In many financial institutions, you can get financing without the usual group conditions if you have a successful firm. You can borrow as little as Ksh. 150,000 and as much as Ksh. 5,000,000.

These regulations serve as this product’s guidelines:

• Monthly interest rates of 1.25% on a declining balance basis It should be repaid over a period of 36 to 60 months.
• The maximum time will be significantly influenced by the amount given.
• Using securities like logbooks, title deeds, and other legal documents, you should secure it.

Group loans

Individual funds from a group are distributed in this sort of company finance for the purpose of growing an already operational business. It must have been around for at least six months.

The following tiers provide the basis for the credit:

• Tier one with a 12-month payment option between Ksh 30,000 and Ksh 150,000
• The second tier, ranging from Ksh. 151,000 to Ksh. 250,000, must be paid within 24 months.
• Tier three is repaid from 251,000 to 500,000 Kenya Shillings in 36 months.
• For all of the aforementioned, a monthly interest rate of 1.33% will apply.

As your firm expands, you must start at tier 1 and work your way up to tier 3. If you succeed at the third level, you can advance to borrowing from as an indepedent client.

Motorcycle loan

To be eligible for this loan, you should:

• Have BOSA of not less than Ksh. 100,000
• Maintain a monthly contribution to your savings account of Ksh. 1,000
• Contribute 30% of the invoice price
• The logbook will be jointly registered with Mwalimu Sacco until you complete the repayment
• A comprehensive cover during the loan term is compulsory

Welfare services

Mwalimu National works to maintain your wellbeing, comfort, and tranquility. There are some safeguards in place to help you in times of need because none can foretell what will happen in the next nanosecond.

Risk fund

It is compulsory for everyone

You pay Ksh. 300 per month

The funds will be used to pay last respect to any deceased family member as listed:

• Self – Ksh. 80,000
• Spouse – Ksh. 50,000
• Children (Maximum 4) – 20,000

Burial benevolent fund

• Compulsory for all members
• Ksh. 150 per month

The following will be issued for a decent send-off:

• Self – Ksh. 60,000
• Spouse – Ksh. 55,000
• Children (Not more than 6) – Ksh. 35,000
• Parents – Ksh. 20,000
• Parents in-law – Ksh. 15,000

You should have a copy of a death certificate to make any claims. For a child, you need a birth notification or certificate and any other supporting document, such as a letter from the sub-chief.

Senior savers loan

Senior members who have accumulated up to Ksh. 1.5 million in Back Office Savings are eligible for the program. The salary-dividend rule does not apply. You just need to pass all financial flows through your Mwalimu Sacco account, including business profits, pension payments, and other cash flows. The best candidate for this funding is someone who has retired or is about to do so. To be eligible

• Your total loans in the institution should not exceed 85% of your free deposits.
• Securities such as logbook and commercial title deeds are mandatory

The product has the following features:

• Processing fee of 2%
• The maximum amount is Ksh. 15 million
• The repayment term is not more than 120 months.
• You must demonstrate your ability to repay and provide sufficient collateral and business appraisal

Mwalimu Sacco customer care contacts

For complaints and any questions, direct them through the following official communication channels:

• Head office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill.
• Postal address: P.O. Box 62641 00200 Nairobi Kenya
• Phone: +254 020 295 6000, +254 709 898 000
• SMS number: 0721 270 944
• Email: mwalimu@mwalimunational.coop
• Website: mwalimunational.coop

Mwalimu Sacco loans are the best for teachers. Unlike banks, interests on existing loans are never adjusted upwards.

The post Mwalimu Sacco Loans Types Requirements & Interest Rates appeared first on Jambo Daily.

This is a list of Kenya’s 15 licensed investment banks. Investment banks are non-deposit-taking entities that provide financial and investment advice to businesses, people, and governments.

Investment banks provide services such as assisting corporations in raising capital, purchasing, selling, or trading securities, aiding mergers, takeovers, acquisitions, corporate restructuring of publicly traded companies, privatization, and wealth management.

The Capital Markets Authority , an indepedent public agency licenses and regulates investment banks in Kenya.

List Of Licensed Investment Banks in Kenya

1. ABSA Securities Limited

Head office: Absa Plaza, Loita Street

Contact: 020 2241270

2. Dyer and Blair Investment Bank Limited

Head office: 7th Floor, Goodman Tower, Off Waiyaki Way

Contact: 0709 930 000

3. Equity Investment Bank Limited 

Head office: Ground Floor, Equity Centre, Hospital Road, Upperhill

Contacts:  0711026000, 0732112030

4. Faida Investment Bank Limited 

Head office: Crawford Business Park, State House Rd, Nairobi

Contact: 020 7606026

5.Genghis Capital Limited

Head office: 1st Floor, Purshottam Place, Westlands Road, Nairobi

Contacts:+254 730 145 000, +254 709 185 000

Read,Functions of Sacco Societies Regulatory Authority SASRA

6. KCB Capital Limited

Location: Kencom House, 2nd Floor, Wing B

Contacts:0202287000, 0732 187000, 0711 087000

7. Renaissance Capital (Kenya) Limited

Head office: 10th Floor, Pramukh Tower, Westlands Road, Westlands, Nairobi

Contact: 020 368 2000

8. NCBA Investment Bank Limited

Head Office: NCBA Annex, 3rd  Floor, Hospital Road, Upper Hill

Contact: +254711056444, +254732156444

9. SBG Securities Limited

Head office: Stanbic Bank  Centre, 2nd floor, Westlands Road

Contacts: +254 20 363 8080, +254 70 444 1441

10. Standard Investment Bank Limited

Head office: JKUAT Building, 16th-floor, Kenyatta Avenue

Contacts: 020 2277 000, 0777 333 000

11. Sterling Capital Limited 

Head office: Barclays Plaza,11th Floor, Loita Street

Contacts: 020 2213914, 0723153219

12. Dry Associates Investment Bank

Head office: Dry Associates House, Brookside Grove, Westlands

Contacts: 020 445 0520, 0705 799 971

13. Salaam Investment Bank Kenya Limited

Head office: Britam Tower, 19th Floor, Hospital Road, Upperhill

Contact: +254 711 11 60 06

14. Gulfcap Investment Bank Limited

Head Office: Geminia Insurance Plaza, First Floor, Upperhill Nairobi

Contact: 020 2740000, 0711 075000

15. Pergamon Financial Services Limited

Email: info@pergamoninvestmentbank.co.ke

Capital Markets Authority Contacts

Head office: Embankment Plaza, 3rd Floor, Longonot Road, off Kilimanjaro Avenue, Upperhill, Nairobi

Contacts: +254 722 207767, +254 20 2264000

Email: corporate@cma.or.ke

The post List Of Licensed Investment Banks In Kenya appeared first on Jambo Daily.

This page focuses on the eligibility and qualifications for Sheria Sacco membership. Sheria Sacco is a Savings and Credit Co-operative Society that was established in 1972 and now has a membership of over 10,000 people.

With a 7.46 billion asset base, Sheria Sacco is one of Kenya’s largest deposit-taking Saccos.

Sheria Sacco Membership Eligibility

Former and current workers of;

• Judiciary.
• The Attorney General’s Office.
• Ministries and departments of the government.
• Sheria Sacco, as well as all of its initiatives and subsidiaries.
• Kenya Law School.
• Every university.
• Kenya Law Society.
• The Attorney General’s office and the judiciary are quasi-government institutions.
  Non-governmental organizations (NGOs).

Other members who are qualified include:

• A member’s spouse or a close family member.
• Advocates from Kenya’s High Court.
• Kenya School of Law students.
• Public secretaries who are certified.
• Entrepreneurs and institutions that have been approved.
• Any other person employed by a Kenyan-registered organization who is capable of making regular contributions to society and meeting loan payback conditions.

Sheria Sacco Membership Requirements

• A completed membership application form, which can be found on the Sacco’s website.
• A copy of your national ID or passport.
• A properly completed nominee card.
• One passport-sized photograph.
• Entrance price of Kshs 1,700; registration charge of Kshs 1,000; FOSA account creation fee of Kshs 500; and Burial Benevolent Fund registration fee of Kshs 200.

Memership Benefits

• The interest paid on the society’s loans is returned to members in the form of interest on deposits and dividends.
• Members have unrestricted access to the Sacco’s board of directors and management.
• Members have a stronger say in the operation of the society, and their delegates represent them at the organisation’s ultimate governing organ (AGM).
• When it comes to engaging with its members, the society has a human face.
• Members own the society and have a special relationship with it because they are also its clients.
• When compared to banks and other financial institutions, the society’s loan products are competitively priced.

Sheria Sacco Contacts

Location: Matumbato Close, Upperhill, Nairobi.

Contact: 020 780 1500.

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This article focuses on the eligibility and procedures for joining the Defence Sacco. On April 10, 2019, Defence Savings & Credit Society (DESACCO) was established under the Co-operative Society Act Cap 490.

The KDF leadership proposed establishing a Defence Sacco. This was done after recognizing the gap that military people faced in instilling the culture of saving and gaining access to reasonable and dependable credit facilities.

Defese Sacco strives to be the financial services provider of choice for its members in order to improve their socioeconomic situation while adhering to cooperative principles and values.

Eligibility for Membership in the Defence Sacco

Membership is a closed bond comprised of active-duty military men and veterans.

Filling out an application form, which can be downloaded or printed, or received from pay offices, welfare offices, and unit chief clerks, is required for membership.

Defence Sacco Membership Requirements

• Membership registration fee of Kshs 500.
• Minimum monthly deposit contribution is Kshs 3,000.
• Share capital is Kshs 20,000.
• Account maintenance fee of Kshs 1,000 (Sharia accounts only).
• Sink fund- Kshs 300.

Defence Sacco Products

(a). BOSA Products

(i). Emergency loan

• A credit facility to assist a member meet urgent financial obligations.

(ii). Personal loan

• Credit facility designed to support each member’s unique financial needs.

(iii). Karibu loan

• Credit facility eligible to all new members.

(iv). Elimu loan

• Credit facility to assist a member pay school fees in various learning institutions.

(v). Development loan

• Affordable credit to support a member take that next step in growth.

(vi). Premier loan

• Loan facility tailor made for members who need additional financing for a longer period.

(vii). Sharia loan

• Loan facility tailor-made for muslims

(b). FOSA Products

(i). FOSA current account

• Operates like a savings account.
• Minimum account balance is 0.
• Account holders are eligible for DESACCO m-banking.
• The account attracts no monthly charges.
• All BOSA loans below 1 million are credited to the account.

(ii). Okoa cash

• Tailor made for urgent financial needs.

(iii). Salary in advance

• Mobile loan facility to assist members’ financial needs and repay for longer period.

(iv). Salary advance

• Loan facility designed to support members prior to main salary.

(v). FOSA personal loan

• Unsecure loan facility for members to meet their financial needs.

Read also, NSSF Sacco Membership Eligibility & Requirements

Read also, Functions of Sacco Societies Regulatory Authority SASRA

Defence Sacco Contacts

Location: Ulinzi House, Lenana Road, Hurlingham- Nairobi.

Contacts: 0205 134 900/ 0793 281 989.

Wesite: www.defensesacco.com

For moreifrmation,visit their website https://defencesacco.com/

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This page focuses on the eligibility and qualifications for NSSF Sacco membership. NSSF Sacco, formerly NASSEFU Savings Credit Society, was founded on August 20, 1990 by eight NHIF employees.

During its first Annual General Meeting (AGM), the Sacco grew to 280 members. This was a unified purpose initiated by the NSSF members at the time.

With increased member engagement and asset growth, FOSA began operations in December 2010 after receiving SASRA authorization to provide quasi-banking services to NSSF Sacco members at competitive rates.

This accelerated the Sacco’s growth to the point that it was necessary to open the Sacco’s common bond, allowing other employer businesses to join with their employees.

NSSF Sacco Membership Requirements

• Fill out a membership form, including your personal information, next of kin, and a list of nominees. The membership form is available for download at the NSSF Sacco’s website.
• Include a passport-sized photo and a copy of your ID.
• The registration price for membership is Kshs 1,000. This is a one-time payment that is non-refundable.
• Shareholders’ equity. The sacco has three categories: A, B, and C, which cost Kshs 20,000, 10,000, and 5,000, respectively. This is a non-refundable fee that can be transferred to an existing sacco member upon leaving the sacco.
• A monthly contribution of Kshs 3,200 is required. Kshs 200 goes towards loan guard insurance and is so excluded from savings.
• Sacco withdrawals require 60 days from the date of receipt of the withdrawal letter. There is a Kshs 1,000 withdrawal fee.

Read also, Kenversity Sacco Membership Eligibility & Requirements

NSSF Sacco Loan Products

1. Back Office Sacco Activities (BOSA)

• Emergency loan.
• School fees loan.
• Fanisi loan.
• Special flex loan.
• Supersaver loan.
• Refinancing loan.
• Karo loan.
• Development loan.
• Nawiri loan.

2. Front Office Sacco Activities (FOSA)

• Jumbo loan.
• Salary advance loan.
• Premium loan.
• Make over loan.
• Tausi loan.
• FOSA twiga loan.
• Tausi loan.
• Mobile advance loan.
• Mustard asset loan.
• Bima loan.

NSSF Sacco Location and Contacts

Location: Social Security House, Block C, Ground Floor, Bishop Road, Nairobi.

Contacts: 0111 018 100/ 020 283 2939.

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