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Urithi Housing seeks to raise Ksh 1.5b to complete stalled projects – KBC

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Urithi Housing Cooperative Society members who have defaulted in paying for their houses now risk losing them altogether after the society invited fresh investors to buy them off.

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Society Chairman Samuel Maina says the housing giant has also reduced its branches across the Country by almost half due to the hard economic times.

The Society will now operate with 11 branches instead of the previous 21. Maina says a number of factors among them failure by members to honor their monthly payments as well as the prevailing economic cash crunch has forced the Society back to its drawing board where reorganization is key.

The closure of the branches means that the Society has also reduced its workforce considerably due to financial constraints.

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Maina says he is convinced that the Society will soon be back on its feet saying, “We are where we are because of a variety of reasons however the fact that a majority of members have defaulted on their payments means we can’t complete the project on time.”

He said the Society doesn’t intend to venture into a new project saying they intend to first complete the ongoing ones and ensure members have their houses as earlier planned.

Maina said, “We have engaged a private company to inject an estimated Ksh 3 billion in exchange of stake in our projects.”

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According to the Chairman, Members owe the Society over Ksh 2.5b in default but they are currently seeking to raise Ksh 1.5b by disposing off the houses to new members to enable them complete the projects.

“As a matter of fact once we sell of the houses belonging to members who have defaulted, we will ensure we pay them back their initial investment but after deducting our expenses.” He said.

Maina added that the same will be done in phases saying it’s their intention to restore Urithi Housing Cooperative Society to its glory days.

“We have faced serious financial ramifications due to the defaulting members but am confident that using the current business model we will be able to complete the stalled projects within one year.” Maina said.

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Coast stakeholders want caretaker committee to run football

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By PHILIP ONYANGO

Coast region football stakeholders now want the government to put in place a normalization committee to take over the running of the sport ahead of the overdue Football Kenya Federation (FKF) elections.

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Led by former Coast FKF Secretary, Ismael Mohammed, the stakeholders who included current and former administrators, referees and players said they have had enough of the musical chairs at the Sports Disputes Tribunal (SDT) and now want the Sports ministry to step in and take action.

According to them, the current FKF regime’s term of office expired in February as per the constitution and that ought to be respected.

SDT nullified FKF county and national polls in December and March citing irregularities in the way both exercises were conducted.

“The Sports Disputes Tribunal has been doing a good job so far, but made an error by allowing FKF president Nick Mwendwa to stay in office because any work that is remaining at the federation should be done by the Secretariat and not the presidency “, Mohammed, who was speaking at the Mombasa Municipal Stadium Wednesday , said.

According to him, having a normalization committee will restore confidence in all those interested in elective posts and allow stakeholders to choose leaders of their choice without fear of victimization. 

According to Mohammad, Kenya has had four normalization committees in the past and does not therefore see anything strange with the government putting one in place with Kenyan football at crossroads. 

Mohammed said the decision by Nick Mwendwa to skip the SDT virtual hearing on Tuesday was a clear pointer that he was no longer interested in peaceful transition and should therefore be ignored.

“Mwendwa should first clear his name with the Directorate of Criminal Investigation on several scandals surrounding his tenure at the federation before thinking of any elective positions in future, because as things stand now, no one is interested in his leadership”, Mohammed said.

Mohammed said Mwendwa’s continued stay in office poses real danger to the FKF finances, which he still has access to.

“It is laughable when we are told that Mwendwa should stay on to wait to hand over. That is not his work, because any NEC member and the secretariat can easily hand handover when that time comes”, he said.

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Cash-strapped Gor Mahia put up Paybill number to raise funds

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By DAVID KWALIMWA

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By CECIL ODONGO

As a financial crisis bites through the local football scene, Gor Mahia chairman Ambrose Rachier has reached out to landlords of members of his team’s playing unit to exercise patience.

And in a related development, the 18-time Kenyan champions have, through Gor Mahia Augmentin Fund (GMAF), set up a Paybill number which members, supporters, and well-wishers can contribute money to the club in form of cash and ‘Bonga points.’

Bonga points is a loyalty scheme for all of Safaricom’s pre-paid and post-paid customers.

The points can be used to redeem prizes and goods at selected supermarkets.

Rachier has sought to strike a deal with the landlords of his players following consistent delay in rent payment by the players. This has been occasioned by financial crisis at the club that has caused salary delays.

“We have not paid salaries for five months,” Rachier said Wednesday.

“I keep writing to their landlords just to understand and I want to thank those landlords that have extended a good time for them (players) to be able to pay when we are able to pay,” he said.

Rachier spoke at an event where a section of club supporters and players, led by Lawrence Juma, Joakim Oluoch and Samuel Onyango as well as members of group called ‘Kulundeng original’ donated foodstuff worth Sh100,000 to the Fikisha Rehabilitation Centre. 

The function was held at the Lutheran Centre in Kawangware, Nairobi.

Gor players each received a Sh10,000 monthly stipend from the government last week in a bid to cushion them from the effects of coronavirus pandemic which has paralysed football activities in the country.

Most of the Kenyan Premier League clubs have benefited from the scheme launched by the government in conjunction with various partners.

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NOC-K moves to cushion Olympic veterans from Covid-19 effects

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By NATION REPORTER

Kenya’s Olympic officials have moved to end the misery of retired internationals by offering Sh500,000 in seed money for their upkeep.

The officials from the National Olympic Committee Kenya (NOC-K), Kenya National Sports Council (KNSC) and Kenya National Paralympic Committee (KNPC) say the initial amount is meant to fend off effects of the coronavirus pandemic from the veterans.

NOC-K acting secretary general, Francis Mutuku, told journalists at the programme’s launch Wednesday that the initiative will first target “Team Kenya” athletes who competed at the Olympics, Commonwealth Games and African Games.

They must have retired by 2004. These are the athletes identified as the most vulnerable.

However, the support will extend to others, subject to raising of requisite resources.

“We first of all want to appreciate the support that the government, and the Ministry of Sports in particular, have given to our active athletes,” Mutuku said.

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“We know the pandemic has affected our athletes greatly and most of them have been inactive for three months.

“The government support has, therefore, greatly eased the burden being experienced by the active athletes.

“We encourage our sports people to use these funds very wisely.

“It is instrumental to note that NOC-K carried out a webinar on management of finances and trust that the lessons derived will be useful”, Mutuku added.

The initiative by the umbrella bodies is, therefore, meant to go beyond what the government has done.

“Food support has been identified as a critical and priority need area of focus for the next three months.
“We want to give food support to the retired athletes. After consultation, we felt food aid will be of greater assistance as we continue looking for other partners in this initiative,” remarked Mutuku.

A pay bill number will be launched on Monday next week to enable the public to contribute to cushioning the needy athletes during this tough period.

“We are very grateful to the national federations who have started working on some form of support for sports persons.’’

“NOC-K has committed Sh500,000 to kick start the programme. This amount will only cater for food because this is a key area.

“According to an athletes’ survey conducted by NOC-K, they cited finance, food, wellness and fitness as their areas of concern and even as we appeal for more support, it’s all systems go.

“The government has already dealt with the financial bit and we hope to continue this initiative as long as possible,” Mutuku added.

KNSC treasurer, Charles Nyaberi lauded NOC-K for setting the ball rolling with the latest initiative as they seek to cushion sports people of all cadres from the effects of coronavirus.

“We thank the Ministry of Sports for taking care of first and second tier athletes.

“We implore federations to also try and come up with a support system for their sports people. We have requested NOC-K to start a pay bill to rally the public behind this noble initiative,” said Nyaberi.

“The government will continue for the next two months to support our active athletes with most of them having already received Sh10,000 each as ordered by the Cabinet Secretary Amina Mohamed.

“We will support the umbrella bodies going forward to ensure the program for our sports people who have represented us since independence is a success,” said Sports Commissioner, Japson Gitonga.

NOC-K is in the process of creating a database of all national level athletes, which will be extended later to include retired athletes.

According to Mutuku, such information is key because they will be able to profile and effectively find ways of addressing

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