An alkaline storage cell having high utilization factor of the active material of the nickel positive electrode and excellent charge/discharge cycle characteristic is disclosed. The above utilization factor and cycle characteristic are improved by the effect of cobalt compound interposed between the plaque and the active material or provided on a surface of the active material and by the synergistic effect of both the above cobalt compound and lithium hydroxide added to the electrolyte mainly comprising potassium hydroxide.