Job losses force 1.3m to terminate sacco savings



Business Daily | by Otiato Guguyu


More than 1.3 million Kenyans have stopped making monthly contributions to savings and credit cooperative societies (saccos) in the wake of job cuts that followed the Covid-19 pandemic.

Data from the regulator, the Sacco Societies Regulatory Authority (Sasra), shows that the number of savers who had…

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