Windfall as Saccos open double-digit dividend purses

Stima Sacco members during an AGM. FILE PHOTO | NMG

Savings and Credit Co-operative Societies (Saccos) have resumed paying higher dividends after a difficult two years when the Covid-19 pandemic led to calls to conserve cash.

A majority of saccos have made higher cash distributions for the year ending December amid improved profitability and brighter economic prospects, according to analysis by the Business Daily.

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