Newfortis Sacco announced a record-breaking dividend and interest payout exceeding Ksh 1.1 billion. The announcement, made during the Sacco’s 50th Annual General Meeting (AGM) at Nyamachaki Primary School grounds, marks a historic milestone for an institution that began five decades ago with a handful of teachers and a shared vision of prosperity.
This windfall arrives as the Sacco celebrates its Golden Jubilee, marking 50 years of financial resilience, excellence, and member-driven success.
Addressing thousands of members and guests, the Board of Directors Chairman, Mr. John Githinji, revealed that the Sacco will reward its members with a 14% dividend on share capital and a 13% interest rate on deposits. This payout—totaling Ksh 1.11 billion—comes at a critical time when many Kenyans are grappling with a tightening economy.
“Our growth continues to be anchored on strong corporate governance, excellent service delivery, and institutional capacity development,” Mr. Githinji told the AGM. “The board is proud to note that as part of our 50th-anniversary milestone, we have returned this wealth to you, the members, who are the heartbeat of this institution.”
