Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
According to data from the Sacco Societies Regulatory Authority (SASRA), the SACCO industry closed 2024 with gross loans valued at KSh 845.11 billion, marking an 11.41 per cent increase from KSh 758.57 billion a year earlier. Despite the rapid credit expansion, the sector’s non‑performing loan (NPL) ratio remained steady at 8.39 per cent, according to…
Equity Group Holdings Plc has reported a 32% rise in Profit after Tax to Kshs 54.1 billion for the third quarter of 2025, up from Kshs 40.9 billion, driven by diversified revenue growth, cost efficiency, and strong regional performance. The Group’s return on equity stood at 26.4%, with return on assets at 4.1%. Net interest…
The Kenya Bankers Association (KBA) has objected to proposed legislations that seek to regulate banking professionals. Appearing before the National Assembly Public Petition Committee chaired by Nimrod Mbai, the Association’s acting CEO Raymond Molenje stated that the proposed legislations will only hinder economic growth and limit employment opportunities in the banking sector. “The banking sector…
Waumini Sacco is currently seeking to fill the position of Credit Manager. The credit manager will report to Chief Executive Officer and will be responsible for the growth of the Society’s loan portfolio while ensuring quality and health loan book is maintained. The successful candidate will oversee the expansion of the Society’s loan portfolio, while…
By Renson Ireri With the continuous growth of Deposit-Taking Saccos in Kenya, and the positive reception given to the Sacco societies concept by Kenyans of different status, regions, age and professions, the future of the co-operative movement is very bright and needs to be well nurtured. Whereas the banking industry continues to face a myriad…
By Benedict Ngetich Most of the local savings and credit societies are cautiously piloting the new trends of mobile technology which come with a myriad of challenges. From the big societies to those still struggling with recruitment of members, the trend is to venture into mobile banking, this despite the menace of Cyber Crime rearing…
By John Majau Trans-Nation, one of the fastest growing Saccos has kicked off elaborate plans to start agency banking in a move meant to capture a greater market share within Tharaka Nithi, Meru, Kitui and Isiolo counties. Trans-Nation Sacco Chief Executive Officer, Ransam Mugambi Nthiga said plans to turn the organisation into a banking agency…
By Munene Maina The technological advancements sweeping the financial sector and the high cost of opening and running branches have forced Savings and Credit societies to re-strategize to beat the competition and grow their businesses. Most Saccos are now rolling out agency banking or opening satellite branches to extend their reach and reduce operation cost…
By Our Reporter Amica Sacco in Murang’a County plans to expand their mobile banking platform Amicash by increasing the number of registered members, setting a target of 70,000 from the already registered 14,000. Chief Executive Officer James Mbui said the move has been initiated to raise the Sacco members’ deposits and increase profits in the…
By Ndichu Kamau Githunguri Dairy and Community (GDC) Sacco has rolled out agency banking to become the first sacco to launch this service in Kiambu County. Also, in an effort to bring services closer to its 23, 318 members, GDC, after authorisation by Insurance Regulatory Authority (IRA), will now offer insurance agency services. These achievements…
