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

When SACCOs lose their soul: Mismanagement, family control, no dividends, and the illusion of opulence

Sacco ReviewApril 28, 2026010 mins

SACCOs (Savings and Credit Cooperative Organisations) are founded on a simple promise—members pool savings, trust leadership, and share in financial growth through affordable credit and annual dividends. In their ideal form, SACCOs represent discipline, transparency, and collective progress. But when governance weakens, and accountability fades, that promise can slowly transform into mismanagement, inequality, and eventually…

Government warns Saccos against borrowing to pay dividends

Sacco ReviewApril 21, 202603 mins

The Commissioner for Cooperatives Development, David Obonyo, has sounded a stern warning to cooperatives and savings and credit societies (Saccos) that resort to borrowing money to declare dividends and rebates. Speaking during the launch of a four‑year strategic plan for Mhasibu Sacco, Obonyo said such practices amount to deception and will attract punishment under tightened…

Bandari Sacco Board Chair, Ken Sungu, receiving award for Best Cooperative Movement ,Sacco Stand from President William Ruto at 2025 Mombasa ASK Show.

Bandari DT SACCO posts higher profit as assets and lending grow in 2025

Sacco ReviewMarch 10, 202603 mins

Bandari DT Savings and Credit Cooperative Society Limited has reported improved financial performance for the financial year ended on December 31, 2025, with growth in profit, assets, dividends, and its loan portfolio. According to the latest financial results, the society’s profit for the year rose to Ksh 322 million in 2025, up from Ksh 263…

New Fortis Sacco pays out Ksh1.106 billion in dividends to members

Sacco ReviewJanuary 28, 202603 mins

New Fortis Sacco paid out Ksh1.106 billion in dividends and interest to members after recording growth in assets, loans and membership, officials said during its 50th Annual General Meeting (AGM) held in Nyeri. According to figures presented at the meeting, members received a 14 per cent dividend on share capital and 13 per cent interest…

Afya SACCO delegates approve key resolutions on dividends, borrowing powers and audits during SDM

Sacco ReviewNovember 21, 202503 mins

The Afya Cooperative Savings and Credit Society Limited has announced a series of major resolutions following its Special Delegates Meeting (SDM) held on November 7, 2025. The meeting, chaired by Chief Executive Officer Lwanga Mbeche, addressed critical financial and governance matters affecting members and the society’s future operations. Delegates approved the non-payment of dividends on…

CS Oparanya bans use of loans to pay dividends to SACCO members

Sacco ReviewSeptember 28, 202504 mins

Cabinet Secretary for Co-operative and MSMEs, Wycliffe Oparanya has declared a suspension on new registrations and banned the use of loans to pay dividends to Sacco members. Speaking during the 34th Special General Meeting of Unaitas Sacco in Nairobi, CS Oparanya said the move is part of a stringent crackdown on poorly managed savings and…

Saccos cautioned against paying unrealistic bonuses and interest

Sacco ReviewJanuary 7, 202504 mins

The Ministry of Cooperatives and Micro, Small, and Medium Enterprises (MSME) Development has cautioned SACCOs against paying unrealistic bonuses, dividends, and interest, as such cash outflows could cause liquidity challenges if not properly managed. Through a circular sent to SACCOs by the State Department of Cooperatives, the Office of Commissioner David Obonyo stated that the…

Government plans to finalize Cooperatives Bill to strengthen governance and legal collaboration

Sacco ReviewDecember 6, 202405 mins

The government is planning to finalize the Cooperatives Bill that will enhance governance and legal collaboration between the national and county governments. The ministry is relooking at the Sacco Societies Act to be amend and establish a central liquidity facility and shared services platform to streamline the financial services. According to the CS Oparanya, Saccos…

Taqwa Sacco records KSh27 million profit for year 2023

Sacco ReviewMay 18, 202402 mins

Taqwa Sacco has declared KSh27 million in profit for the year 2023. Also, it paid out dividends to its shareholders amounting to KSh13 million. Founded in 1998, Taqwa Sacco is Kenya’s pioneering Shariah-compliant financial institution, offering Halal credit and investment opportunities to its members. Taqwa Sacco boasts a membership of more than 13,500 individuals across…

Stima Sacco assets hit record KSh59.1 billion in 2023

Sacco ReviewApril 3, 202403 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…