Another Sacco joins the top tier category as its assets increase to Sh5b
Amica Sacco has been rated among the top in the country after its assets value rose to over Sh5 billion.
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Amica Sacco has been rated among the top in the country after its assets value rose to over Sh5 billion.
Saving in a Sacco has been touted as one of the best ways of making your money work for you.
Over the years, the business model adopted by savings and credit cooperative societies (saccos) in Kenya has placed members’ contributions in a precarious position.
It will be similar to the Anti-Fraud Unit at the Central Bank of Kenya, which polices activities of banks.
The newly formed anti-fraud unit by SASRA & DCI is expected to combat fraud as part of improved corporate governance in the SACCO sector.