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

Hazina Sacco members told to focus on affordable loans

Sacco ReviewFebruary 26, 2024February 26, 202402 mins

Commissioner for Co-operative Development David Obonyo has challenged Savings and Credit Cooperative Organizations (Saccos) members to focus on getting affordable loans from their Saccos rather than high dividends. Speaking during the recently concluded Hazina DT Sacco Annual Delegates Meetings (ADMs) in Nairobi, he asked members to have long term investments through the Saccos, since co-operative…

Saccos declaring questionable dividends, bonuses, says KSPC

Sacco ReviewAugust 17, 2023August 17, 202306 mins

Cooperative sector practitioners have expressed concerns over the manner in which Saccos and cooperatives are declaring dividends and interest on deposits, as well as honoraria payments. Through Kenya Society of Professional Co-operators (KSPC), the practitioners observed that there are a lot of malpractices among cooperatives in the way dividends, interest on deposits and honoraria are…

Co-operatives set for a dividend bonanza from Co-op Bank’s Ksh8.8B cash dividend payout

Sacco ReviewMarch 29, 2023March 29, 2023011 mins

By Felix Wanderi Co-operative Bank board of directors has recommended a dividend of Ksh 1.50 per share, subject to approval by the regulators and shareholders. Co-op Bank Group CEO Gideon Muriuki said the proposed dividends represent a 50 per cent increase on the Ksh 1.00 per share paid out last year. He added that the bank will pay out a…

Saccos lead banks in offering highest returns

Sacco ReviewJanuary 6, 2020January 6, 202003 mins

By Munene Maina Saving and Credit Co-operative Societies (Sacco) still command the lead in offering highest interest on savings and dividends to members annually, latest industry report shows. The Sacco Supervision Annual Report, 2018 released by Sacco Societies Regulatory Authority (SASRA) in August this year noted that Deposit-Taking (DT) Saccos paid an interest on the…

Saccos offering best returns on investment revealed

Sacco ReviewJuly 27, 2018July 27, 201801 mins

Below is a glimpse on what co-operators earned for the financial year 2017 from various saving and credit societies based on financial reports seen by Sacco Review.

Cosmopolitan Sacco targets four satellite offices to grow its business

Sacco ReviewMarch 22, 201802 mins

By Munene Maina Cosmopolitan Sacco intends to open four additional satellite offices in an effort to take services closer to members. The Sacco has five branches namely Nakuru, Naivasha, Bahati, Molo and Narok. In 2016, the society paid members Sh296 million dividends and interest, a growth of 21 per cent increase from the year 2015….