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The umbrella body of savings and credit co-operative societies (saccos) is opposed to the imposition of new taxes by county governments. The lobby says the move could reverse gains made by the co-operative movement.
The Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO) warns the move by some counties to introduce new taxes and rules to govern registration and operation of saccos within their jurisdictions would adversely affect the sector’s growth.
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