Three public universities have released Sh587.2 million in statutory deductions from Savings and Credit Co-operatives (Saccos) which they had failed to remit by December last year owing to liquidity challenges caused by the Covid-19 economic fallout.
The Kenya Union of Savings and Credit Co-operatives (Kuscco) said the amount remitted by Egerton University, University of Nairobi and Kisii University is part of the total Sh4.3 billion that was owed by universities, county governments, water and fresh produce companies as at the close of 2020.
