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Proposal for new platform enabling Kenyan Saccos to list on the NSE

Kenya’s savings and credit co-operative societies (Saccos) are closer to trading their shares on the Nairobi Securities Exchange, even as their bid to convert into fully-fledged commercial banks could prove difficult under a new financial sector regulatory regime. FOTOSEARCH

Kenya’s savings and credit co-operative societies (Saccos) are closer to trading their shares on the Nairobi Securities Exchange, even as their bid to convert into fully-fledged commercial banks could prove difficult under a new financial sector regulatory regime.

The regime proposes to disband the existing four regulators and combine them into a single authority.

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