The Kenya National Police DT SACCO has approved KSh 3.9 billion in dividends and interest on deposits at its Annual Delegates Meeting (ADM), marking a 9% increase from the KSh 3.6 billion distributed in 2023. This payout includes a 17% dividend rate on share capital, totalling KSh 624.2 million and an 11% interest rate on deposits, amounting to KSh 3.3 billion, showcasing the SACCO’s commitment to its members.

The announcement comes after marking an extraordinary year of growth for the SACCO in 2024. Its total assets increased by more than KSh 5 billion, reaching KSh 59.8 billion, up from KSh 54.2 billion in the previous year. This growth is underpinned by a strong financial foundation, as evidenced by a GCR rating of A- for long-term stability and A2 for short-term performance. Loans and advances to members increased by 10%, climbing to KSh 35.4 billion from KSh 32.1 billion in 2023, while revenue saw a robust 12.8% rise to KSh 8.8 billion. The SACCO’s core capital also grew by 10.4%, reaching KSh 19.8 billion, and its profit for the year hit KSh 2.5 billion, a slight improvement over the KSh 2.47 billion recorded in 2023.

Alongside its financial success, the SACCO launched its 2025-2029 Strategic Plan, building on the accomplishments of its 2020-2024 roadmap. This new vision emphasizes member-centric services, institutional sustainability and a broader commitment to societal well-being. Throughout 2024, the SACCO disbursed KSh 2.6 billion in loans to members, invested significantly in technology to enhance service delivery and expanded its offerings to meet evolving needs. This strategic direction reflects a dedication not only to rewarding members today but also to ensuring long-term growth and resilience in an ever-changing economic landscape.

MR David Mategwa, the Chairman of KNPDTS said “Our KSh 3.9 billion payout and the launch of our 2025-2029 Strategic Plan showcases our dedication to rewarding members today while building a stronger tomorrow. We will continue to uphold the highest standards of financial integrity and governance ensuring that our members’ interests remain at the heart of our operations.”

As the Kenya National Police DT SACCO looks ahead, it is poised to redefine cooperative excellence by enhancing digital services, expanding member education programs and introducing financial products finely tuned to its members’ needs.

About Kenya National Police DT SACCO

Kenya National Police DT SACCO was registered on 20th November 1972 and has a membership of over 74,000 members, making it one of the biggest Sacco’s in the country. Under the Cooperative’s Operating Principle of Social Responsibility, the Kenya National Police DT SACCO has been collaborating with local communities and institutions in funding various projects.