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Saccos to pay more as court okays levy

High Court Judge Weldon Korir said Kuscco had participated in consultative forums called by the regulator. [Fidelis Kabunyi, Standard]

Saccos will now have to dig deeper into their pockets to pay more levies annually from member contributions.

They will also be required to pay attractive dividends after the High Court declined to strike out an amendment to societies’ law.

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