The government has unveiled an ambitious plan to streamline and stabilise Savings and Credit Cooperative Societies, even as it blamed the current crisis on delayed remittances by employers, poor governance and weak regulatory oversight.
All saccos must file returns, and borrowings must be approved by the commissioner
The government has unveiled an ambitious plan to streamline and stabilise Savings and Credit Cooperative Societies, even as it blamed the current crisis on delayed remittances by employers, poor governance and weak regulatory oversight.
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