Co-op Bank Gives Hope to Cooperatives in Kenya Through Consultancy

By Vera Shawiza / Published September 25, 2018 | 10:44 am



Centum

Statistics have shown that co-operatives in Kenya act as key players in the economy as they control about 43 percent of Kenya’s Gross Domestic Product (GDP).

The Cooperative Societies in Kenya employs more than 300,000 people, besides providing opportunities for self-employment to many more. Savings and credit societies (Saccos), the fastest growing sub-sector, on the other hand, have mobilized savings of more than 230 billion shillings.

The greatest contribution attributed to cooperatives in Kenya ‘s social and economic development has been in the financial sector, where Saccos and national financial cooperative organizations, Cooperative Bank and Cooperative Insurance Company (CIC), hold substantial savings portfolio accounting for more than 31 percent of Kenya’s gross national savings.

These cooperative societies work with the main purpose of improving the livelihoods of Kenyans and having the best interests at heart for what these societies do, the Co-operative Bank of Kenya (Co-op Bank) through Co-op Consultancy and Insurance Agency (K) Limited (CCIA) took the responsibility of providing consulting and advisory services as well as capacity building to Co-operatives. 

The main role of the subsidiary is to enhance the institutional capacities of cooperative societies, who are the core stakeholders of the bank.

It is public knowledge that organizations are faced with numerous institutional challenges which they must address in order to attain their goals in the dynamic business environment in the country.

This is why Co-op Bank through CCIA decided to provide technical advice to these organizations though various services which include but are not limited to:

  1. Business Operations Review
  2. Restructuring and Reorganization
  3. Carrying Out of Feasibility Studies and Preparing Business Plans
  4. ICT Evaluation and Software Procurement Services
  5. Strategic Planning and Change Management
  6. Conducting Market Research and Product Development
  7. Human Resources Management
  8. Development of Operational Manuals and Policies
  9. Bancassurance
  10. Donor Projects





About Vera Shawiza

Vera Shawiza is Soko Directory’s in-house journalist. Her zealous nature ensures that sufficient and relevant content is generated for the Soko Directory website and sourcing information from clients is easy as smooth sailing.Vera can be reached at: (020) 528 0222 or Email: info@sokodirectory.com

View other posts by Vera Shawiza


More Articles From This Author






Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (261)
  • May 2021 (285)
  • June 2021 (199)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (334)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (253)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (251)
  • July 2019 (338)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (319)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (237)
  • June 2018 (178)
  • July 2018 (256)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (186)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (248)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950