The Kenyan government has imposed a ban on new registrations for Saccos and prohibited them from using borrowed funds to pay dividends to members. This measure is part of a strict crackdown on poorly managed savings and credit cooperatives.

• The sector holds over Sh1.08 trillion in assets.
• The ban was declared by Cabinet Secretary for Co-operatives Wycliffe Oparanya.
• The government aims to curb "unhealthy financial competition" and protect millions of depositors.