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Jubilee insurance to make record KSh1 billion dividend payout

Sacco ReviewMay 30, 202405 mins

Jubilee Holdings will pay a total dividend payout of KSh1.04 billion for the full year ended December 2023 despite a decrease in profits compared to 2022. The insurance company recorded a KSh4.4 billion profit last year compared to KSh5.5 billion posted in 2022. In the full year to December 2022, the insurer issued a dividend…

Imarika DT Sacco assets base hits all time high of KSh13 billion

Sacco ReviewApril 20, 2024April 20, 202403 mins

Imarika Deposit Taking Sacco has recorded remarkable growth in total assets amounting to KSh13.1 billion. Its impressive performance has seen the SASRA annual report of 2022 rank the Sacco number 16 nationally in terms of assets base and number 11 in terms of profitability. Speaking during their Annual Delegates Meeting held at Travellers Beach Hotel…

Gusii Youth Bunge restructures loans to ease members’ burden

Sacco ReviewApril 15, 2024April 15, 202404 mins

Gusii Youth Bunge Savings and Credit Cooperative Society chairman, Asha Moronya has said the society restructures members loans to ease their burden. Members, notes the official have challenges repaying loans owing to global economic recession and it is necessary for the management to assist them. “We restructure their loans and support them repay the loans…

Ndege Chai Sacco targets youth recruitment for sustainability

Sacco ReviewApril 11, 2024April 11, 202406 mins

Ndege Chai Sacco has doubled marketing efforts to attract more youthful members to the society. The Chairman Supervisory Paul K.Mutai told delegates that there was need to focus marketing efforts towards the younger generation to ensure sustainability of the Sacco adding, “as the economy improves opening up opportunities for employment and business for the youth,…