SACCO

Coop director urges residents to form Saccos, exploit Industrial Park benefits

Garissa County Cooperative Director Samuel Karanja has urged residents to start forming groups like chamas or Saccos to exploit the services brought about by the launch of Garissa Industrial and Aggregation Park. He noted that the park will bring together more businesses that will provide services complementing one another and attract new investment areas and…

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Saccos urged to rebrand to attract more members, increase capital base

Garissa County Director of  Cooperatives Samuel Karanja has urged Saccos to rebrand and recruit more members as a move to increase their savings and cement their loan base. Speaking to  Sacco Review  newspaper  in his Garissa office , Karanja noted that rebranding would enable the recruitment of members beyond Saccos’ geographical territories thus move  towards…

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Kenya cements position as Islamic Banking hub in East, Central Africa

The existence of Gulf Africa Bank, Dubai Bank and First Community Bank as fully fledged Islamic Banks has cemented Kenya’s position as a hub for Islamic banking in East and Central Africa. The position is further cemented by the existence of Islamic products in conventional banks and Saccos. Abdi Hussein, Gulf Bank Garissa Branch Deputy…

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