Members struggle to exit Safaricom Investment Sacco

Reversal fears by small businesses have driven up the adoption of Safaricom’s Pochi La Biashara.

Photo credit: Shutterstock

Members seeking to exit Safaricom Investment Co-operative (SIC) are having trouble finding buyers for their shares, highlighting the difficulty of liquidating investments in saccos.

The illiquidity of SIC’s shares has been compounded by the value of the stocks remaining at Sh52.5 each since 2019, a decline from the peak of Sh525 seen in 2017 and 2018.

PAYE Tax Calculator

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