President Ruto with Cooperatives CS Wyckliffe Oparanya during the presentation of the SACCOs report. Photo file
Inside the SACCOs’ Deposit Protection Fund recommended by experts
The Savings and Credit Co-operative Societies (SACCOs) in Kenya might finally have a deposit protection fund(DPF) similar to that enjoyed by banks, 5 years after Kenya’s Cabinet approved amendments to the Savings and Credit Co-operative Societies (SACCO) Act, to make this happen. The fund proposed by the sector experts seeks to establish a deposit insurance…
