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Safaricom Sacco Unveils New Brand Name

by Annah Nanjala Wekesa
November 28, 2024
Reading Time: 5 mins read
Safaricom shop in Kenya. PHOTO/ Courtesy

Safaricom shop in Kenya. PHOTO/ Safaricom

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Safaricom Sacco Society has rebranded to Qona Sacco which marks a significant milestone in Sacco’s journey of growth, innovation, and commitment to its members.

The announcement coincided with a special YouTube Premiere, watched by over 18,000 members across the globe, culminating in the unveiling of the Qona Sacco name and brand.

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Safaricom Sacco said the name Qona derived from the Swahili word “kona,” meaning corner, embodies the brand’s promise: to always be “around the corner” for its members, offering support, solutions, and a sense of community,” read the statement in part.

“This aligns perfectly with Qona Sacco’s purpose of walking alongside ambitious, visionary individuals, empowering them to lead meaningful lives,” Sacco said in a statement.

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MSMEs CS Wickliffe Oparanya during the presentation of the 2023 Annual SACCO Supervision Report. Photo/ Opranya X
MSMEs CS Wickliffe Oparanya during the presentation of the 2023 Annual SACCO Supervision Report. Photo/ Oparanya X

About Safaricom Sacco now Qona

The Sacco stated that Qona represents stability, partnership, and the collective strength needed to achieve personal and financial growth

Founded in 2001, Safaricom Sacco began as a savings initiative for a small group of Safaricom employees.

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Over the years, it has evolved into a robust financial institution serving diverse members from across Kenya.

With a current membership of over 18,000 and assets surpassing Ksh. 11.5 billion, our Sacco has consistently been a leader in providing financial solutions rooted in community, trust, and progress.


Also Read: Safaricom Investment Co-operative Unveils New Name


Why Sacco Decided to Rebrand

George Hunja, Chairman of Qona Sacco, during his remarks, said that the rebranding is not just about a name but it’s about a renewed commitment to their members.

“Qona Sacco represents who we are today—a modern, forward-thinking financial partner ready to serve the evolving needs of our community. We grew under the wings of a giant, and now, we take flight together,” he said.

In his congratulatory address, the Commissioner of Cooperatives, Nairobi, commended Sacco for its forward-thinking approach stating that its rebranding is a testament to the dynamic nature of the cooperative movement in Kenya.

“It reflects a commitment to innovation, inclusion, and empowerment. Saccos like Qona are vital to the socio-economic fabric of our nation, providing not just financial solutions but also hope and opportunity to millions of Kenyans,” he said.


Also Read: Safaricom Given Go-Ahead to Launch Money Market Fund 


On his part, Joseph Njoroge, CEO of Qona Sacco, highlighted Sacco’s renewed vision, describing it as more than just a financial institution—it’s a community.

“We are here to empower, uplift, and support our members as they pursue their dreams. With a focus on technology, accessibility, and innovation, we are creating a financial ecosystem that caters to modern needs while staying true to our core values,” he said.

Qona Sacco Hosts Content Fest 2024

At the same time, Qona Sacco hosted Content Fest 2024, an electrifying event held at the historic Banda Street in Nairobi. The festival attracted hundreds of young creators, influencers, and content enthusiasts who gathered to celebrate creativity, collaboration, and community.

The event embodied Qona Sacco’s commitment to fostering a culture of ambition and collaboration among Kenya’s youth,

“Participants left the event inspired, with many sharing their experiences online using the hashtag #ContentFest2024,” the statement read.

“The event served as a powerful symbol of Qona Sacco’s dedication to connecting with a new, younger demographic and positioning itself as a partner in their journeys toward success.”

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Safaricom CEO Peter Ndegwa during an event to celebrate Safaricom’s 24th birthday on October 23, 2024. PHOTO/ Safaricom.
Safaricom CEO Peter Ndegwa during an event to celebrate Safaricom’s 24th birthday on October 23, 2024. PHOTO/ Safaricom.

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Annah Nanjala Wekesa

Annah Nanjala Wekesa is a journalist at The Kenya Times, with a passion for crafting news-worthy stories that leave a lasting impact. She holds a Bachelor of Arts in Communication and Media from Kisii University. She has honed her skills in the art of storytelling and journalism. Her passion lies in the art of storytelling that resonates with audiences, driving a commitment to delivering news-worthy stories through the lens of integrity and precision. She can be reached at annah.wekesa@thekenyatimes.com

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