Kenya’s Saccos Cross KSh. 1 Trillion in Combined Assets – The Kenyan Wall Street
Kenyans are saving more money in Saccos than ever before, pushing the movement’s assets past KSh1 trillion by the end of 2024, but the sector is grappling with increasing non-performing loans. According to the latest Financial Stability Report by the Central Bank of Kenya (CBK), deposits in the country’s 358 Saccos grew by 10.7% in 2024, while total…

