Moi University Sacco’s Fate Hangs in the Balance
Moi University Sacco, now under liquidation, could rise again from the ashes if a rescue plan being drawn up by the state results in its revival. Moi University Sacco members [...]
Co-Op Bank Posts 7.6% Growth in Net Profit to KSh 18.4Billion
Co-Op Bank of Kenya Group recorded a net profit of KSh 18.4 billion at the end of the third quarter of 2023, marking a 7.6% growth in earnings driven by [...]Why SACCO Lobby's Central Finance Fund is Under Probe
Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limited top officials and directors have been under investigation by the Sacco Societies Regulatory Authority (SASRA) on suspicion of running some Sacco [...]Network Sacco Risks Collapse Due to Non-Remittances by Standard Group
In the midst of its ongoing financial crises, listed media group Standard Group has not been remitting Sacco deductions to Network Sacco, placing the industry Sacco at the risk of [...]SACCOs With Members' Deposits Above KSh 1 Billion Increase by 4 Report
SACCOs engaged in deposit-taking business with members’ savings above the KSh 1 billion threshold increased following the entry into this exclusive billionaires’ club by Defense Sacco Society, Faridi Sacco in [...]SACCOs Are Most Preferred Choice for Savers- Report
Savings and Credit Co-operative Societies (SACCOs) loans and advances outweigh the deposits, an indication that SACCOs are the preferred loaning institutions by savers due to their competitive rates, and social [...]Kenyan SACCOs Total Savings up 9.84% to KSh 620.45 billion in 2022 Report
Sacco Sector in Kenya accumulated total deposits or savings amounting to KSh 629.45 billion in 2022 compared to KSh 564.89 billion in 2021, an increase of 9.84%. These Sacco deposits [...]SACCOs in Fresh Battle for Nairobi’s Central Business District
Kenyan SACCOs (Savings and Credit Co-operative Societies) in the Deposit-Taking business are in a frantic rush to break their common bond, rebrand, and open up new outlets in Nairobi, ostensibly [...]
