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State agencies to remit Ksh. 2.26 bn to Saccos

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Saccos in Kenya join the rest of the world in marking international day of cooperatives

Saccos in Kenya join the rest of the world in marking international day of cooperatives

“I hereby direct all government parastatals to remit billions of shillings in statutory deductions within the next four months,” National Treasury Cabinet Secretary Ukur Yatani .

According to the treasury data, the unremitted Sacco deductions stand at Sh 2.261 billion

Many Saccos have been having liquidity issues owing to unremitted money from the state entities, which do not priorities budget allocation for statutory obligations like Sacco deductions, Pay as You Earn, NHIF and NSSF.

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