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Non-deposit-taking Saccos to start paying regulatory levy

Sasra started regulating the non-withdrawable deposit-taking Saccos with deposits of at least Sh100 million in 2021, expanding the regulator's mandate, which is in addition to its oversight of the deposit-taking Saccos.

The rate that the non-deposit-taking Saccos will be paying is lower compared to the 0.175 per cent levy that the larger deposit-taking...