August 17, 2022

Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

Amica unveils strategy to cut costs

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By Kage Njoroge.

Amica Savings and Credit Society has embarked on strategic measures to reduce the cost of doing business in the highly competitive financial sub-sector.
Amica Chief Executive Officer (CEO), James Mbui said that the steps being taken include closing down branches facing challenges, engaging in agency banking contracts, application of ICT driven service delivery and reducing the workforce through voluntary early retirement (VER) programme.
Mbui said the Sacco is currently upgrading its ICT systems to enable installation of ATMs and provision of agency banking services to their clients.