PS for Cooperatives Patrick Kilemi (front) and SASRA CEO David Sandagi (right) engages with stakeholders from FSD Kenya and the Gates Foundation during discussions on Sacco Central. PHOTO| Courtesy

Gov’t moves to unite Saccos through shared platform

Government plans shared platform to unite Saccos Sacco Central to support digital services and liquidity sharing Initiative targets stronger governance and financial inclusion The government is working to end fragmentation in Kenya’s cooperative sector by strengthening Saccos and improving their access to digital services, technology and liquidity. Principal Secretary, State Department for Cooperatives Patrick Kilemi,…

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Sacco liquidity plans stall as Cooperatives Bill delays persist

Saccos await legal reforms that could unlock shared liquidity and cheque clearing access. Delays in the Cooperatives Bill are slowing efforts to strengthen governance and competition. Industry leaders say a unified payments and lending platform could boost deposits, loans and membership. Saccos offering Front Office Service Activity (FOSA) are losing ground to rival lenders. Parliament…

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