Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Cooperative Bank of Kenya customers can now smile all the way to the bank after the leading lender in the country announced that it has reduced its lending rate by 2 per cent. In a statement dated February 10, 2025 and signed by the Group’s Managing Director and Chief Executive Officer Dr. Gideon Muriuki,…
Banks paid KSh66.4 billion in shares to its members for the year ended December 31, 2023. The amount translates to a 48.9 a share of the cumulative KSh153.6 billion payouts from all counters. Equity Bank topped in paying dividend to shareholders on absolute terms at KSh15 billion translating to KSh4 a share on its over…
By George Otieno State Department for Cooperatives Development PS Ali Noor Ismail has called upon Sacco leaders to unite in addressing challenges facing them. While addressing Sacco Board of Directors, CEOs and their deputies and other stakeholders at Pride Inn in Mombasa, the PS said the sector was stronger and only functional if players came…
By Malachi Motano Savings and Credit Cooperative Societies (Saccos) must now tap into all sectors of the economy following the government’s budget for the 2021/22 fiscal year. According to the Director of Cooperatives Banking Division at the Cooperative Bank Vincent Marangu, the country has opened up now and is witnessing many business activities opening up…
