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Tag: KETSA

  • Sidian Bank donates Ksh 2 million to support KETSA leaders’ summit

    Sidian Bank donates Ksh 2 million to support KETSA leaders’ summit

    As part of its expansion strategy to increase financial inclusion and promote community engagement nationwide, Sidian Bank has reaffirmed its commitment to strengthening partnerships with Savings and Credit Cooperative Organizations (SACCOs) as part of its growth strategy .

    Speaking while announcing a Ksh 2 million sponsorship towards the 5th Annual Leaders’ Summit organized by the Kenya Teachers SACCOs Association (KETSA), the Bank’s Chief Executive Officer Chege Thumbi said strategic alliances with SACCOs have significantly boosted the Bank’s customer base and opened up new opportunities for sustainable growth.

    The Summit, scheduled for 23rd to 27th February 2026 in Kisumu, will bring together SACCO leaders from across Kenya for high-level strategic dialogue and capacity building.

    “Strategic partnerships with SACCOs play a key role in accelerating our growth. We are keen on building strong alliances within communities that present greater opportunities for expansion and shared success,” said Thumbi.

    “Saccos and Cooperatives remains critical to our long-term strategy as we continue to grow the business and deliver tailored financial solutions that meet the needs of SACCO members and the wider community,” he added.

    In the cooperative movement, the Ksh 2 million sponsorship demonstrates the bank’s dedication to assisting platforms that promote innovation, superior governance, and long-term growth.

    The leader’s forum will also provide the bank with an opportunity to engage directly with SACCO decision-makers while enhancing its brand visibility among a targeted and influential audience.

    KETSA Chairman Robert Gikanju, said collaboration with financial institutions is essential for the advancement of SACCOs in an increasingly competitive and digital-driven environment.

    “The Annual Leaders’ Summit provides a high-level platform for SACCO leaders across the country to exchange ideas, strengthen governance frameworks, and build capacity.
    Partnerships with financial institutions provide us with additional impetus for growth and innovation within the sector,” Gikanju explained.

    He further called for increased collaboration between the private sector and SACCOs to promote innovation, accelerate digital transformation, and drive sustainable development within the country’s cooperative movement.

  • Sidian bank strengthens its commitment to supporting SACCOS in Kenya

    Sidian bank strengthens its commitment to supporting SACCOS in Kenya

    Sidian Bank has reaffirmed its dedication to supporting SACCOs in Kenya during the 3rd Annual Leaders’ Summit KETSA 2024, hosted by the Kenya Teachers Sacco Association (KETSA).

    The three-day event brought together SACCO officials to discuss pertinent issues and strategies for economic resurgence.

    As the primary sponsor of the summit, having issued a Kshs. 1 million cheque in support of the Saccos, Sidian Bank emphasized its commitment to fostering innovation and collaboration within the cooperative movement to drive economic growth for SACCOs in Kenya.

    In his speech to conference delegates, Mr. Chege Thumbi, CEO of Sidian Bank, said, “We are dedicated to promoting innovation and collaboration within the cooperative movement. Making educated decisions is essential to fostering SACCOs’ economic recovery in Kenya.”

    “Sidian Bank aims to enhance financial inclusion and promote economic growth by underscoring the symbiotic relationship between banks and SACCOs. Through ongoing partnerships with SACCOs, Sidian Bank has developed tailored solutions to address the evolving needs of SACCO members in Kenya,” he added

    Right, Sidian CEO Mr. Chege Thumbi graciously receives an appreciation gift from KETSA Chairman Mr. Robert Njue after opening the 3rd Annual Summit for Kenya Teachers Sacco Association (KETSA)!

    The bank provides a full range of banking services that are tailored for SACCOs that consist of many trade finance options as well as payment and collection options using the industry-leading web-based bid bond application platform, Sidian Credible.

    Furthermore, Sidian Bank offers SACCO employees capacity-building training courses that address new laws and trends in areas including credit evaluations, money laundering, cybersecurity, and funding of terrorism.

    Along with leadership development and digital lending products, these programmes help SACCOs offer lending propositions to their members like overdraft facilities and short-term loans, all the while being on the lookout for increased money laundering activities that could jeopardise financial institutions.

    KETSA Chairman Mr. Robert Njue stressed in his speech the value of teamwork and creativity in navigating the current economic environment.

    He said, “To ensure our long-term success, we as a SACCO community must prioritize constant learning and adaptation. It is our duty as leaders to steer SACCOs through economic recovery while embracing innovation and digital transformation along the way.”

    Sidian Bank is still dedicated to working with Saccos to embrace innovation and adjust to the constantly shifting digital environment.

    The goal of Sidian Bank’s digital transformation programmes and strategic alliances is to enable SACCOs to prosper.