Cooperatives Cabinet Secretary Wycliffe Oparanya has warned Kenyans against investing in unlicensed or unregulated Saccos
The Organisation’s national chairperson Rahab Muiu and Kabondo Kasipul MP Eve Obara said Saccos transform livelihoods.
NTSA suspends licenses for Bungoma Line Safari and Smart Highways Saccos over their failure to comply with PSV laws, directs police to impound vehicles in operation.
CS Simon Chelugui said delayed or non–remittance of Sacco dues by county governments, universities, and other government agencies stands at over Sh3.5 billion.
Non-deposit-taking Saccos will beginning this month pay an annual regulatory fee as they fully come under the purview of the industry regulator, Sasra.
As customer expectations continue to shift, Saccos will lose their market share to more tech-savy institutions if they fail to keep up with the latest technology trends.
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