Why Kenyan govt is opposed to SACCOs paying members high dividends
The Sacco Societies Regulatory Authority (SASRA) has raised concerns over savings and credit cooperative societies (SACCOs) that prioritise paying members high dividends, warning that attractive returns do not necessarily reflect an institution’s financial health. In a message directed at SACCO members and management, the regulator cautions that high dividends and interest on deposits could come…
We haven't written up this one. People Daily Kenya has the full story — the link below goes straight to it.
