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

ITC, Equity Group sign deal to boost East Africa’s coffee, leather and creative Sectors

Sacco ReviewJune 2, 202606 mins

The International Trade Centre (ITC) and Equity Group Holdings PLC have signed a strategic partnership aimed at accelerating growth in East Africa’s coffee, leather and creative industries through enhanced access to finance, trade expertise and global market opportunities. The partnership, formalized through a Memorandum of Understanding (MoU), will initially be rolled out in Kenya before…

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…

Equity Group posts 13 per cent slide in 2023 pretax profit

Sacco ReviewMarch 28, 2024March 30, 202401 mins

Kenyan lender Equity Group reported a 13 per cent fall in 2023 pretax profit to KSh51.9 billion, weighed down by a surge in provisions for bad debts, the firm announced on Wednesday March 27. Equity is East African country’s top lender by earnings. READ ALSO: Capital Sacco launches promotion to reward members purchasing shares The firm…