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Top saccos splash Sh47bn dividends amid Kuscco hit
The 40 saccos are among the 354 under the supervision of Sacco Societies Regulatory Authority (Sasra) and collectively raised their dividends 12.06 percent to Sh55.06 billion.
Top savings and credit co-operative societies (saccos) raised their dividend payouts to Sh46.99 billion, shrugging off advisories urging cuts amid fear of losses linked to the multi-billion-shilling fraud at Kenya Union of Savings and Credit Co-operatives Ltd (Kuscco).
Disclosures from the top 40 saccos by deposits show a 13.7 percent increase in dividends from the Sh41.34 billion surplus earnings that the co-operatives offered their members last year.
