Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2025-01-25 09:55:51
The Sacco Societies Regulatory Authority (SASRA) has revoked the licenses of the B-Smart and Multiple Sacco Societies from January 23, 2025, due to non-compliance.
In a Gazette Notice published on Friday, January 24, SARSA Chief Executive Officer (CEO) Peter Njuguna explained that the two societies failed to apply for renewal of their licenses.
Njuguna also revealed that the societies also failed to meet members’ obligations, thus contravening Regulation 6 of the Sacco Societies Act.
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