Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
1.9m stop sacco savings as take-home pay drops
Sacco Societies Regulatory Authority CEO David Sandagi appears before the National Assembly Departmental Committee on Trade at Bunge Tower, Nairobi, on June 30, 2026.
Dormant members in savings and credit co-operative societies (saccos) grew 14.1 percent to 1.9 million in the year ended December amid reduced disposable incomes that could have forced workers and traders to stop making contributions or borrow on their accounts.
Data from the regulator, the Sacco Societies Regulatory Authority (Sasra), shows 24.14 percent of the 7.87 million Sacco members did not transact on their accounts for more than six months last year.
