Mwalimu Sacco

4 Articles
Labour and cooperative societies CS Simon Chelugui was among government officials present at the launch of the scheme on January 12. He pledged to work closely with saccos including Mwalimu to deliver on affordable housing.
FEATURED STORY

Teachers to Get Cheap Home Loans in New Mwalimu Sacco Scheme

Labour and cooperative societies CS Simon Chelugui was among government officials present at the launch of the scheme on January 12. He pledged...

Equity Group CEO James Mwangi noted in August that the bank was shifting focus to expansion from mitigation of the impact of Covid-19. [Photo/ Equity Bank Kenya]
FEATURED STORY

Equity to Take Over Teachers’ Troubled Spire Bank

Dubbed Project Gamma, it will reportedly see Equity onboard the teachers' Spire Bank deposits and push to recover the bank's non-performing loans. Equity,...

A Mwalimu National Sacco branch. The sacco has come under scrutiny over alleged fraud.
BUSINESS

Teachers’ Woes Pile on as Mwalimu Sacco CEO Suspended

SASRA's Anti-Fraud Unit suspended CEO Alphonse Kaio and Board Chair Wellington Otiende. The suspension comes amid a Parliamentary probe into the controversial acquisition...

Naushad Merali sells Spire Bank to Mwalimu Sacco
FEATURED STORY

Teachers Get Their Own Bank. But is it Worth It?

Spire Bank says the share sale, which was concluded at the end of November, is a tactical move to bring on board a...