Kenyan Savings and Credit Co-operative Societies (Saccos) Hit Historic Sh1 Trillion Mark in Deposits Amidst Economic Challenges
In a significant development, Saccos have achieved a major milestone by crossing the Sh1 trillion mark in member deposits. Despite economic challenges prompting some withdrawals for immediate needs, the State Department of Cooperatives reports a robust 15.6 percent surge in savings, reaching Sh1.047 trillion in the year to June 2023 from Sh906 billion. This remarkable […]