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Browsing: SACCO
- Service industry activities accounted for 61.1 percent of Kenya’s GDP in 2022.
- A digital tipping platform pioneered by Shukran SACCO seeks to harness service tips to grow savings among members in the service industry.
- Kenya’s restaurant service industry provides jobs to over 80,000 people.
Digital tipping platform Shukran has devised a way to instantly turn tips into savings, a move aimed at boosting the savings culture among workers in Kenya’s vast service industry. The new platform will see restaurant workers directly receive and save their tips to earn dividends as well as seek loans.
Service industry’s significance in Kenya’s GDP
According to data by the Kenya National Bureau of Statistics (KNBS), service activities contributed about 61.1 percent of Kenya’s gross domestic product (GDP) in 2022.
The digital tipping platform, through the newly formed Shukran SACCO, is looking to capitalise on the industry’s might and significance to grow savings …