Understanding how Sacco dividends and rebates are calculated
When a Savings and Credit Co-operative Organization (SACCO) declares an annual surplus, members typically receive returns in two main forms: dividends on share capital and rebates on deposits. Dividends on Share Capital Dividends are payments made to members based on the number of shares they hold in the SACCO. These payments are made from the…
EPRA has developed regulations that will crack open the power distribution market to private investors, dismantling Kenya Power and Lighting Company's (KPLC) grip on electricity supply that has held for decades.
EPRA opens Kenya’s electricity market to private players, ending Kenya Power’s decades-long monopoly
Kenya’s electricity sector is set for a historic shake-up after the Energy and Petroleum Regulatory Authority (EPRA) developed regulations that will crack open the power distribution market to private investors, dismantling Kenya Power and Lighting Company’s (KPLC) grip on electricity supply that has held for decades. The draft Energy (Electricity Market, Bulk Supply and Open…
Kajiado MCAs during the Committiee session. Photo Courtesy
Kajiado MCAs raise alarm over collapse of agricultural mechanization services
The Kajiado Members of County Assembly (MCAs) have raised serious concerns over the deteriorating state of agricultural mechanization services following the adoption of a report by the Committee on Agriculture, chaired by Joseph Mutunkei. The Committee’s oversight findings paint a troubling picture of neglect, mismanagement, and loss of critical public assets meant to support farmers…
CS Wycliffe Oparanya before the Senate Standing Committee on Trade, Industrialisation and Tourism at Bunge Tower on Tuesday, May 12, 2026-Photo|Courtesy
Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify
Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…
Western Kenya farmers urged to embrace coffee farming amid declining sugarcane profits
Farmers across Western Kenya are being urged to diversify into coffee farming as part of government efforts to revive agricultural incomes in the region. Speaking during a sensitisation forum in Busia County, Cooperatives Cabinet Secretary Wycliffe Oparanya said coffee offers far better returns than traditional crops such as sugarcane and maize, which have suffered declining…
2NK Sacco Karatina branch/photo courtesy
2NK Sacco allocates Ksh80 million for new headquarters in Nyeri
2NK Sacco has unveiled plans to acquire its own building in Nyeri at a cost of KSh 80 million, a move aimed at cutting operational expenses and consolidating its services under one roof. The investment follows a resolution passed during the 2025 Annual General Meeting (AGM) Chairman Ephraim Karimi confirmed that the Sacco has already…
From left Kitui Central District Coop Officer Dennis Muthoka, Bestrock Director Peninnah Mutuku, Bestrock Vice Chair Dr. Julius Mullilu Kisin
Bestrock Sacco strengthens governance with delegate induction drive
Bestrock Savings and Credit Cooperative Society Limited is strengthening its governance, empowering its leadership, and positioning itself for sustained growth through an intensive delegate induction programme held in Kitui. The Sacco brought together 150 delegates for a comprehensive training at the Kitui Multipurpose Development Training Institute, underscoring its commitment to transparency, accountability, and member-driven leadership….
TNT Chair Dr. Evans Sichangi speaking during the AGM
TNT Sacco sets KSh4.5 billion asset target in new growth plan
Trans‑National Times (TNT) Sacco delegates have endorsed a three‑year strategic plan aimed at expanding the cooperative’s asset base to KSh 4.5 billion. The plan, adopted during the annual delegates’ meeting, is designed to strengthen financial stability while enhancing service delivery to members. Speaking at the launch, Sacco Chairman Dr Evans Sichangi said the blueprint goes…
Boresha DT Sacco new chairman Kipruto Kiptoo speaking during the event. Photo Courtesy
Boresha DT Sacco appoints Kipruto Kiptoo as New Chairman
Boresha Deposit-Taking (DT) SACCO limited has appointed Kipruto Kiptoo as its new Chairman, succeeding the outgoing long-serving Chairman, Albert Chebiegon. Speaking during the leadership transition, Chief Executive Officer (CEO) Jacob Mengich expressed confidence in the new Chairman’s leadership, noting that management will work closely with him to steer the Society to greater growth and success….
Chairman of Palais des Thés François-Xavier Delmas, President of France Emmanuel Macron President William Ruto; Equity Group Managing Director and CEO James Mwangi; and Chairman of Gatanga Industries Limited, Karanja Kinyanjui, during the signing of the agreement on May 11, 2026-Photo|Courtesy
Kenyan Purple Tea secures direct entry into premium French markets through landmark pact
Kenyan tea farmers are set to access high‑value international buyers following the signing of a landmark export and promotional agreement between French tea company Palais des Thés, Gatanga Industries Limited, and Equity Group Holdings Plc. The deal was signed in Nairobi on the sidelines of the Africa Forward: Africa–France Partnerships for Innovation and Growth Summit,…
