Nairobi, Oct. 8 -- The regulated Sacco sector is becoming increasingly concentrated, with 61 tier-one societies controlling more than 70 percent of the market even as smaller groups hold on to their entities.

Sacco Societies Regulatory Authority (Sasra) chief executive David Sandagi says the slow pace of voluntary mergers has prompted the regulator to consider stronger measures, including forced mergers, to strengthen weaker societies and safeguard members.

Published by HT Digital Content Services with permission from Business Daily....