×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Harambee Sacco ups bid to raise Sh4b from share capital

Vocalize Pre-Player Loader

Audio By Vocalize

Co-operatives and Micro Small and Medium Enterprises Development CS Simon Chelugui (centre) with Harambee Sacco National Chairman Macloud Malonza (right) and CEO George Ochiri (left) addressing the media during the launch of the 4 billion shares drive in Nairobi.[Boniface Okendo, Standard]

Harambee Sacco has launched an aggressive membership share drive to strengthen core capital and increase deposits.

The sacco aims to raise Sh4 billion. "Our Share capital stands at Sh2.4 billion. For us to be compliant, we need a minimum of Sh4 billion," said Harambee Sacco Chief Executive George Ochiri.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Falling crude oil prices raise hope of relief at the pump
Business
Kenya's first dollar-denominated green property fund oversubscribed as investors seek hard-currency returns
By Brian Ngugi 15 hrs ago
Enterprise
Why US has beaten China to clinch Kenya's Sh9.7tr minerals deal
Business
From financing to procurement: Who is fooling whom in JKIA expansion deal?