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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