M-Akiba 2 raises KSh263 million, misses the KSh500 million target

M-Akiba 2 raises KSh263 million, misses the KSh500 million target
M-Akiba missed the Sh500m target despite gaining 51,461 new accounts. The National Treasury (TNT) reported that the M-Akiba Retail Infrastructure Bond issue “Re-Open 3 of August 2019” raised Sh263 million.

How saccos in Kenya are addressing non-remittance of funds

How saccos in Kenya are addressing non-remittance of funds
A majority of deposit-taking Saccos in Kenya are experiencing financial instability due to failure by state agencies and private companies to remit statutory deductions on time…

China – Kenya Fintech Trip. 7 Days of Business & Pleasure | Pesa Plus | Totem Fintech

China – Kenya Fintech Trip. 7 Days of Business & Pleasure | Pesa Plus | Totem Fintech

How saccos in Kenya are addressing non-remittance of funds

Sacco members during an annual general meeting in Kenya’s capital Nairobi. Failure by employers to remit deductions is increasingly becoming a big threat to the survival of many saccos. PHOTO | FILE | NATION MEDIA GROUP By NJIRAINI MUCHIRA A majority of deposit-taking Saccos in Kenya are experiencing financial instability due to failure by state agencies and private companies to remit statutory deductions on time. As the government streamlines savings and credit co-operative societies that are reeling under the weight of mismanagement, fraud and bad loans, failure by employers to remit deductions is increasingly becoming a big threat to the survival

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