Depositors in a dozen savings and credit co-operative societies, including giants such as Moi University Sacco and Telepost Sacco, can now breathe a sigh of relief after the regulator renewed their licences, which had expired in June.
Sacco Societies Regulatory Authority (Sasra) said it had extended the permits for all the 12 credit unions to December saying the saccos had “made efforts” to comply with capital adequacy and corporate governance rules.
