More than 1.18 million Kenyans stopped making monthly contributions to savings and credit cooperative societies (saccos), suggesting a difficult recovery of the jobs market following the Covid-19 economic hardships.
Data from the regulator, the Sacco Societies Regulatory Authority (Sasra), shows 19.7 percent of the 5.99 million saccos members did not transact on their accounts for more than six months last year.
