SACCOs Announce Dividends
Members of several Savings and Credit Cooperative Organizations (SACCOs) are set to receive payouts this weekend following the announcement of dividends and interest on deposits as the 2026 Annual General Meetings (AGMs) and Annual Delegates Meetings (ADM) kick off.
Cosmopolitan DT Sacco declared a 16.50 per cent dividend on share capital, and 12.05 per cent interest rebates on members’ deposits, following a steady performance during the financial year. The SACCO’s management attributed the results to prudent lending, disciplined savings culture among members, and improved operational efficiency.
Newfortis Sacco also announced competitive returns, with members approving dividends on share capital at a rate of 14 per cent and interest on deposits at 13 per cent. Sacco officials said the performance was driven by growth in membership, diversification of loan products, and strengthened governance structures.
Tower Sacco posted the highest return, declaring a 20 per cent dividend on share capital and 13 per cent interest on members’ deposits. The strong payout underscores Tower Sacco’s robust financial position and sustained profitability over the year.
The dividend payments come as SACCOs across the country prepare for their 2026 AGMs/ADMs, where members are expected to review audited accounts and set strategic priorities for the coming year. Sector analysts note that consistent returns continue to reinforce the role of SACCOs as a key pillar of financial inclusion, offering members attractive alternatives for saving and investment.
