February 8, 2023

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

The Leading Newspaper for Co-operative Movement in Kenya

Mombasa Port Sacco wins trophy of best managed Sacco in Mombasa County

PS State Department of Cooperatives Ali Noor Ismail presents a trophy to Mombasa Port Sacco officials

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By George Otieno

Numerous Saccos participated in the 100th International Day of Cooperatives celebrations in Mombasa County, taking home various recognitions in their fields of operation.

Saccos were grouped into their relevant tiers according to wealth levels, and ranked as per credit management, innovativeness and return on assets.

Presided over by Mombasa Cooperative Director Mr. Nelson Ndoro and SASRA’s director of Compliance, Market Conduct and Regional Coordination Peter Owira, the awards were spread across all these categorizations.

MPC Sacco was position one as the first Sacco to present their audited financial statements, whereas Bandari DT Sacco and Washa DT Sacco took position two and three respectively.

The award for the society with the lowest expenditure went to Maersk Sacco while MPC Sacco and Excellent Sacco were second and the third respectively.

Best capitalized Sacco award went to Mombasa Port DT Sacco followed by Safefreight Sacco and Bandari DT Sacco.

Hardware Sacco took the top position as the best Sacco in education and training, closely followed by Torch NWDT Sacco in the second position and Tabasuri DT Sacco in the third position.

Bandari DT Sacco once again went home as the best insured society while Mombasa Port DT Sacco and Mafanikio DT Sacco emerged second and third respectively.

Best in credit management tier one award went to Mafanikio DT Sacco whereas Washa DT Sacco and Bandari DT Sacco scooped the second and third positions respectively.

Sisi Kwa Sisi NWDT Sacco emerged first as the best credit management tier two society followed by Alarms NWDT Sacco and Bamburi Wananchi NWDT Sacco in position two and three respectively.

Avaso Sacco, Safefreight Sacco and SECO Sacco took home the best credit management tier three societies award as number one, two and three respectively.

Bamburi Wananchi NWDT Sacco was top as the best society with the highest average savings per member. The second spot went to Torch NWDT Sacco while the third was taken by Mombasa Port DT Sacco.

The most innovative tier one award was given to Mombasa Port DT Sacco and the second and the third positions were handed to Tabasuri DT Sacco and Bandari DT Sacco respectively.

In the tier two award for the most innovative society, Alarms NWDT Sacco topped followed by Sisi Kwa Sisi NWDT Sacco and Grainbulk NWDT Sacco in position three.

Safefreight Sacco emerged first in the tier three most innovative award. Hardware Sacco and CAM Sacco were second and third respectively.

In the tier one category, the society with the highest return on assets was Washa DT Sacco followed by Bandari DT Sacco whereas Mafanikio Sacco emerged third.

Grainbulk NWDT Sacco, COTTS NWDT Sacco and Torch Sacco in the tier two emerged as first, second and third respectively as the societies with the highest return on assets.

The top most award for the highest return on assets in the tier three category went to MPC Sacco. Avaso Sacco took position two while Safefreight Sacco emerged the third.

Bandari Wananchi NWDT Sacco beat the rest to top the best Cooperative society overall. Nyumba Generations NWDT Sacco came second followed by Washa DT Sacco in the third position.

The best Cooperative Society overall in parastatal award was scooped by Mombasa Port DT Sacco. The second position was taken by Mafanikio Sacco while Tabasuri DT Sacco came third in the same category whereas in the best housing cooperative society category, Mteja Housing managed position one.

The adjudication committee that oversaw the awarding process comprised of representatives from Kenya Union of Savings Credit Cooperatives (KUSCCO), CIC insurance, Cooperative Bank, a Cooperative Officer and a Cooperative Auditor.