Tag: SACCOs

Urgent need for stronger SACCO regulations amidst digital transformation and surge in savings.

Data from the State Department of Cooperatives showed that savings in Savings and Credit Cooperative Organisations (SACCOs) grew by 15.6% to 1.047 trillion from 906 billion as of December 2023. This is a major milestone for the country’s push for financial inclusion. This growth was attributed to improved member confidence and the adoption of digital […]...