Highlights from the 48th BAT Sacco Annual General Meeting

The 48th Annual General Meeting (AGM) of BAT Sacco Ltd was successfully held virtually on Saturday, 15th February 2025. We are proud to report that 569 members joined the online session, demonstrating continued trust, engagement, and commitment to our shared growth.

2024: A Year of Steady Progress and Member-Centered Growth

Despite a dynamic economic environment, BAT Sacco registered remarkable gains in 2024. Here’s a snapshot of our performance compared to 2023:

• 📈 8% growth in revenue – a clear reflection of prudent financial management and sustainable investment strategies.
• 🏦 4% growth in total assets – reinforcing our ability to support more members and fund strategic initiatives.
• 💰 34% growth in share capital – a strong vote of confidence from members who increased their stake in our shared future.
• 👥 2% growth in membership – welcoming new members into our growing community.
• 💵 1% growth in interest on member deposits – ensuring your savings continue to work for you.

These achievements would not have been possible without the dedication of our members, the diligence of our leadership team, and the strategic partnerships we continue to nurture.

Resolutions Passed at the AGM

The members approved the following key resolutions:

• Borrowing Powers: Retained at Ksh. 100 million
• Interest on Member Deposits: Approved payment of rebates at 9.8%, totaling Ksh. 113,833,779
• Dividend on Share Capital: Approved at 15%, amounting to Ksh. 12,082,545
• Honorarium: Approved Ksh. 1,871,100 for the Board and Supervisory Committee
• 2026 Budget: Approved the proposed budget and amendments to the 2025 budget
• Monthly Deposits: Minimum monthly deposit contribution reduced from Ksh. 3,000 to Ksh. 1,500, subject to outstanding loans
• Share Capital: Minimum shareholding reduced from Ksh. 40,000 to Ksh. 5,000, enhancing accessibility
• Auditor Appointment: Retained Henry Smith and Wilson as external auditors for 2025

These resolutions reflect BAT Sacco’s continued focus on inclusive member participation, financial prudence, and strategic realignment for sustainable growth.

Thank you for being part of this journey. Here’s to even greater success in 2025!