The Mountain Journal
Kenyans have been advised to only invest in their registered cooperative societies or risk losing their money to fraudsters.
Cooperative Cabinet Secretary Wycliffe Oparanya said it was prudent for the investors to carry out due diligence and ensure the saccos they are dealing with are duly registered.
Speaking in Nairobi, when SASRA presented its annual supervision report, the CS said in the country there are 176 Deposit Taking(DT) saccos across and 186 non-DT saccos as of December 2023 out of the 358 that SASRA is regulating with 6.84 million members from 6.42m in 2022.
“Their total assets grew by 9.17pc to 971.96 billion, a slight drop by 10.31pc in 2022 from 890 billion due to the Covid-19 pandemic,” said the CS.
