For Sacco members, this could mean scrutiny over deposits exceeding a yet-to-be-set threshold, with Sasra likely requiring proof of legitimate fund sources.
The audit placed blame squarely on top executives, including former managing director George Ototo, finance manager George Owino, and chairman George Magutu.
178 SACCOs have been licensed to conduct deposit-taking business, having met the regulatory requirements, and are approved to operate from January 1, 2025, to December 31,...