Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Safaricom Sacco has signed a memorandum of understanding with Centum Real Estate, a move that seeks to enable the Sacco members buy residential homes in Nairobi, Kilifi, and Entebbe, Uganda. Through the MoU, sacco members will be financed to acquire all properties under development by Centum RE at a lower price than the market rate….
Yetu Sacco is gearing up to launch a new branch in Chuka town, in a move meant to bring services closer to members.The new branch, which will be launched on June 19, 2023, will bring the total number of branches to eight.Speaking during the Society’s 31st Annual General Meeting (AGM), Sacco Board Chairman Mark Gitonga…
Many Saccos countrywide are using publicity campaigns to net in more members which consequently increases their share capital and liquidity. The Saccos adopt big marketing budgets as a move towards making them more popular among their target market. Adopted publicity materials are creative, attractive and direct since they are tailored to reach and entice specific…
Small rural based enterprises, especially women groups in Embu county, have appealed for help from various experts in the cooperative movement to help them create ecofriendly products. One such enterprise is Kiritiri Kwimenya Self Help Group which makes eco-friendly Kiondo bags from sisal fibre. The bags are mainly sold through barter trade with maize growers…
By Azael Masese Kenya National Police Deposit-Taking Sacco is crafting an ambitious growth strategy aimed at positioning itself as a critical brand in mobilising savings and extending affordable credit, even as the number of Kenyans joining the Sacco to access its top notch products and services grows overboard, Board Chair David Mategwa has said. “We…
By Azael Masese A new Sacco Supervision Report, 2021 indicates that the Sacco sub-sector’s total assets grew by 9.93 per cent in 2021 to reach Ksh807.11 billion from Ksh734.22 billion recorded in 2020. During the period under review, total deposits grew by 9.80 per cent in 2021 to reach Ksh564.89 billion compared to Ksh514.46 billion…
By Bernard Boy Airports Sacco Society rode on Kenya’s relatively improved economic performance post-pandemic to remarkably register all-round growth in its key performance indicators in the year ended December 31, 2021. With its asset base, total deposits, share capital, net loan portfolio and total revenue growing by between 4.3 and 19.8 percent (not in that…
By Azael Masese CIC Group weathered a tough 2017 to record double digit growth in all its critical market segments, positioning itself as a key financial market player particularly in the co-operative sector. The company posted Sh14.9 billion in premium in the financial year ended as at 31st December 2017 compared to Sh12.4 billion recorded…
By Munene Maina Kingdom Sacco has joined Tier 3 category of medium Saccos. The Sacco registered growth in asset base to Sh1.116 billion by close of 2017 to move up from Tier 4 category of small Saccos. It registered positive performance in the year despite various challenges arising from the political and economic environment in…
By Godfrey Wamalwa Bungoma County Governor Wycliffe Wangamati has said his Government will provide necessary support to revive dormant Saccos and support their growth. He said the County Government will seek support of County Assembly members in legislating laws that will seal the loopholes in the co-operative sector used by unscrupulous people to run down…
