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New branches, AI adoption as Mhasibu targets 100,000 membership

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Commissioner for Co-operatives David Obonyo and other officials during the launch of Mhasibu Sacco 2026-2030 strategic plan. [Courtesy]

The government has singled out dividend payment as the biggest challenge threatening the stability of Saccos in the country, even as it insists that it has no interest in controlling the management of these entities.

Commissioner for Co-operatives David Obonyo says Saccos, in a bid to stay afloat and front a thriving image of their businesses, resort to debts to appease members with dividends.

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