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The Sacco Societies Regulatory Authority (Sasra) has blacklisted two Savings and Credit Co-operatives (Saccos) and stopped them from offering banking hall services, owing to their inability to meet statutory requirements.
Sasra Chief Executive Carilus Ademba said Isiolo Teachers Sacco and Ogembo Tea Sacco Society have been prohibited from undertaking deposit taking Sacco business, popularly known as Front Office Service Activity, starting January 1, 2015.
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