State pushes to merge Saccos with new policy

KUSCCO Managing Director George Ototo (centre) flanked by George Magutu (left) National Chairman,KUSCO and Mary Mungai,Commissioner for Co-Operative Development address the media during the launch of Kenya Union of Savings & Credit Co-operatives (KUSCCO) Ltd's Agribusiness Product at the Laico Regency hotel,Nairobi.  [Elvis Ogina.Standard]

The Government is formulating a policy that will enforce merger of saccos, as weak liquidity and tough accounting rules begin to bite.