Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya’s Savings and Credit Cooperative Societies (SACCOs) remain one of the most trusted institutions for teachers, civil servants, and professionals to grow their savings. Beyond offering convenient loan products and secure savings accounts, SACCOs reward members through dividends on share capital and interest on deposits. For teachers, who often depend on structured incomes and disciplined…
Tower SACCO Society Limited celebrated its Golden Jubilee at Ol’Kalou Catholic Parish Grounds, Nyandarua County, during its 50th Annual General Meeting (AGM), which also connected members in the diaspora virtually. The SACCO reported remarkable financial and membership growth despite economic challenges, with active members rising by 29 per cent to 247,858 and share capital and…
Tower Sacco has entered into a strategic partnership with Lowaki Eco Solutions to provide its members with affordable access to clean and efficient energy technologies. The collaboration is designed to transform how members manage their energy needs by offering subsidized energy-saving stoves and reliable solar power systems. Announced by Tower Sacco CEO Patrick Njenga and…
Tower Sacco, one of Kenya’s leading Savings and Credit Cooperative Organizations, has officially opened its Nyeri branch, marking a significant milestone as the sacco now boasts 30 branches across nine counties. The grand opening was graced by H.E. David Kinaniri Waroe, representing Nyeri Governor H.E. Mutahi Kahiga, PhD., EGH. In his address, Waroe commended Tower…
Tower Sacco’s share capital and deposits increased by over Ksh3 billion in the last eight months to move from position 8 to 5 in a pool of 174 deposit-taking Saccos. According to Sacco Society Regulatory Authority (SASRA) in its Annual Sacco Supervisory Report 2023 which was released recently, the Sacco was ranked fifth under Large…
As competition stiffens from commercial banks, majority of Savings and Credit Cooperative Societies (Saccos) are making clever moves to accept personal security such as title deeds and log books in place of the traditional guarantors for loans. In recent years, a significant number of Saccos across the country have reportedly been giving members the option…
Governor Kiarie Badilisha has pledged that Nyandarua County will patronize the services of Tower Sacco whenever they require financial assistance or consultation. Speaking during the Sacco’s 48th Annual General Meeting (AGM) in Ol’Kalou, Badilisha said that the Sacco appealed to him because they are customer-centred and register all customers regardless of their financial status. He…
Tower Sacco is offering education scholarships to orphans and children from needy backgrounds who have scored 350 marks and above in the 2023 KCPE examinations. In a poster shared on its official Facebook page, the Sacco invited qualified candidates to visit any of its 26 branches across the country and apply by December 15. “Do…
Tower Sacco is looking for traders to fill the vacant spaces in its multi-storey Tower Sacco Plaza located in Ol Kalau town in Nyandarua County. The lease rates available are 33 rooms for restaurants and accommodation, conference halls, a gym, and roof-top space. The Sacco, which has a remarkable membership of over 206,065 individuals and…
Tower Sacco recently held a Special General Meeting to review the Society’s performance in the past eight months and to present the budget for the next financial year. Sacco Chairman Peter Mainah Ngugi said the Sacco recorded increased membership to 216,382 by August 31, 2023 compared to 188,115 in the same period last year. During…
