DAR ES SALAAM, Oct. 16 -- SAVINGS and Credit Cooperative Societies (SACCOS) have expanded their assets to 1.69tri/-, with the government urging the sector to channel growing savings into productive investment, job creation and improved livelihoods.

Deputy Permanent Secretary responsible for Public Finance Management in the Ministry of Finance, Asha Khamis Abdulla, said the growth of savings and membership must translate into tangible benefits for households, farmers and small businesses.

Speaking yesterday at the opening of the SACCA Congress at in Dar es Salaam, she described cooperative finance as a key driver of financial inclusion and economic transformation.

The congress, held under the theme “Building Trust, Driving Transfo...