Sasra seeks to bank Sh137m in levies from new Saccos

Sasra chief executive Peter Njuguna. FILE PHOTO | NMG

The Sacco regulator is eyeing more than Sh137 million from the over 180 new societies that have come under its oversight.

Non-withdrawable deposit-taking entities will start paying an annual fee to the Sacco Societies Regulatory Authority (Sasra) that will see the regulator raise at least Sh137.98 million every year.

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Note: The results are not exact but very close to the actual.