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August 26, 2025
2h ago

Govt Warns Kenyans After Setting New Deadline for SACCOs

Govt Warns Kenyans After Setting New Deadline for SACCOs

According to the government, the latest directive is in line with the SACCO Societies Act...

✨ Key Highlights

The Sacco Societies Regulatory Authority (SASRA) has issued a public warning urging Kenyans to exercise caution when investing in SACCOs, following reports of unlicensed operations. The authority has also set a new deadline for deposit-taking SACCOs to apply for 2026 licenses.

  • SASRA advises the public to verify a SACCO's licensing status via their website before any financial transactions.
  • Deposit-taking Cooperative Societies must apply for their 2026 licenses by September 30, 2025.
  • The official list of licensed deposit-taking SACCOs for 2026 will be published by January 3, 2026.
  • Earlier this year, SASRA revoked the licenses of 2 SACCOs and renewed 177 others, citing non-compliance for the revoked licenses.

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