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

Stima Sacco assets hit record KSh59.1 billion in 2023

Sacco Review1 month ago03 mins

Stima DT Sacco has Sacco achieved remarkable growth across all key indicators in the year ended December 31, 2023, this was revealed during the Sacco’s Investors briefing meeting in Nairobi. The Sacco which turns 50 years this year paid members dividends at a rate of 15 per cent and rebates at 11 per cent. This…

GDC Sacco seeks to grow its asset base to KSh8.5 billion

Sacco Review2 months ago08 mins

GDC Sacco Society Ltd (GDC) has embarked on an ambitious plan to grow its asset base to KSh8.5 billion as it seeks to be among the top 50 Saccos in the country. The Sacco which currently has over 34,000 members, who are mainly dairy farmers in the agriculture-rich Githunguri Sub-county in Kiambu County, is keen…

Safaricom Sacco CEO named winner of Champions of Governance Awards

Sacco Review5 months ago5 months ago03 mins

Joseph Njoroge, the CEO of Safaricom Sacco, has been named the winner of this year’s Champions of Governance (CoG) Award by the Institute of Certified Secretaries (ICS) in a ceremony held at Mercure Hotel in Upperhill, Nairobi. The CoG Awards aim to recognize and promote research work related to good governance practices. Njoroge, who joined…

Saccos asset base rises to Ksh807 billion in 2021, says new SASRA report

Sacco Review2 years ago2 years ago05 mins

By Azael Masese A new Sacco Supervision Report, 2021 indicates that the Sacco sub-sector’s total assets grew by 9.93 per cent in 2021 to reach Ksh807.11 billion from Ksh734.22 billion recorded in 2020. During the period under review, total deposits grew by 9.80 per cent in 2021 to reach Ksh564.89 billion compared to Ksh514.46 billion…

Imarika Sacco’s ambitious plan to hit Shs20 billion asset base by 2026

Sacco Review2 years ago2 years ago07 mins

By George Otieno Imarika Sacco Chairperson Mr. Renson Ndoro has said the society expects to have a total asset base of 20 billion shillings come the year 2026. The chairperson said this in a recent Imarika Sacco’s members education meeting where they were taken through the Sacco’s journey, educated on its various products and services,…