Sacco remittances halve to Sh900m

Saccos rely on employers to make deductions. FILE PHOTO | NMG

The amount of outstanding dues remitted to saccos halved to Sh900 million in the year to June compared to the similar period a year earlier, indicating the effect of liquidity challenges facing individuals and organisations in a tough economy.

Data from the National Treasury collated from the sector reports shows the amount has dropped from Sh1.8 billion the previous year.

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