Ports Sacco has been recognized as the most consistent organization in upholding good governance practices in its service delivery. The Institute of Certified Secretaries (ICS) awarded Ports Sacco the Champions of Governance (COG) award in 2023, beating out a host of other institutions. This recognition is a testament to Ports Sacco’s commitment to providing exceptional financial solutions to its members and enhancing service delivery through the use of relevant technology.
Additionally, Mr Dedan Ondieki, the CEO of Ports Sacco, was awarded the first runners-up COG CEO of the Year Award. This recognition is a reflection of his leadership and dedication to the Sacco’s mission of strengthening the socioeconomic well-being of its customers through prudent management and innovative products and services.
Ports Sacco’s renewed commitment to serving the people has seen it move outside its comfort zone and expand its reach to previously unchartered waters. The Sacco prides itself on being a people-centred institution with a history spanning over five decades.
In addition to COG Awards, the Sacco received recognition in the co-operative movement earlier in the year, ranging from the Best Managed Sacco, Best Capitalized Sacco, Best Insured Sacco, and Highest Dividend Paying Sacco.
During the 2023 Ushirika Day Celebration, Ports Sacco was declared the first best in deposit management, Tier -1 DT Saccos. It was also ranked as the third-best in capitalization and third-best most improved deposit-taking Sacco countrywide.
According to Mr Ondieki, “The best is yet to come. We have built a reputation of providing exceptional financial solutions to our members, and we have enhanced service delivery as we remain committed to staying ahead of the curve by using relevant technology to serve members conveniently.”
Mr. Ondieki proudly shares that Ports Sacco has a remarkable 57-year history of serving members with unwavering integrity, dedication, and transparency. As a people-centric financial services provider, the Sacco is committed to uplifting individuals and takes great pride in doing so.
The Sacco is a distinguished, formidable financial institution providing competitive financial solutions to happy, healthy, and prosperous people, living up to its mission of strengthening the socioeconomic well-being of its customers through prudent management and innovative products and services. The Sacco’s governance practices aim at inspiring happiness, optimism, and hope guided by the core values of caring, equity and consistency.
Ports Sacco also achieved a remarkable feat last year by launching the Nairobi ICD Branch, which has transformed the financial landscape of the city.
The branch highlights the Sacco’s impressive growth over the years and its resolve to be a global financial institution providing competitive financial solutions to its customers across the country and beyond borders.
With a reputation for offering innovative financial services and products, Ports Sacco’s presence in Nairobi has made a significant difference. The Sacco’s impressive growth over the years is evident from its head office in Mombasa County and branches in Nairobi, Voi, and Kisumu.
It aims to be a global financial institution that provides competitive financial solutions to its customers across the country and beyond borders. The Sacco has been empowering its members socially and economically while fostering financial inclusion.
The Sacco’s new brand is embodied by values of caring, equity, and consistency, with a renewed enthusiasm for uplifting people that defines the essence of the Sacco and its purpose of transforming livelihoods. According to Mr Alfred Jaka, Sacco Board of Directors Chairman, the launch of the full-fledged branch communicates the Sacco’s goal in the future: to incorporate all people in Kenya and the diaspora.
Its social-economic impact on members and communities stands out, earning the Society numerous accolades regionally and nationally. It is proudly part of Kenya’s thriving co-operative movement.
The Sacco has made a strategic decision to rebrand to meet its members’ changing needs and gain a competitive edge. It is also planning to expand to other regions to solidify its market position further. The Sacco has set an ambitious goal of increasing its membership to over 50,000 within the next five years.
Ports Sacco is one of the country’s most financially stable DT Saccos, currently holding the 15th position. According to the Sacco Supervision Annual Report 2022, the Sacco’s liquidity ratio was an impressive 236.90% in 2022. The Society has also maintained high core capital to total assets and institutional capital to total asset ratios, exceeding the prudential guidelines set by the Sacco Societies Regulatory Authority (SASRA). In terms of wealth, the Sacco is ranked as the 30th wealthiest Deposit-Taking Sacco in the country, with an asset base worth close to Ksh9 billion.
Join Ports Sacco today and be part of a financial institution that is committed to transforming livelihoods and inspiring joy, hope, and optimism.
COG Award is a testament to Ports Sacco’s commitment to providing exceptional financial solutions to its members and enhancing service delivery through the use of relevant technology.
