Oparanya team seeks extended freeze on new Sacco registrations
Co-operatives Ministry suspended the registration of new Saccos in mid-2025...
✨ Key Highlights
A focus team led by Cabinet Secretary Wycliffe Oparanya has recommended extending the moratorium on new Sacco registrations in Kenya until a new law is established. This move aims to bring stability to a sector currently grappling with over 5,000 unregulated Saccos and significant operational challenges.
- The moratorium, initially imposed in mid-2025 by the Co-operatives ministry, seeks to allow for comprehensive reforms.
- The committee found over 5,000 unregulated Saccos, often supervised at the county level and facing issues in governance and capitalization.
- The recommendations propose a new strategic approach to progressively bring all Saccos under formal supervision, aligning both national and county roles.
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Kenya Treasury Launches Eurobond Buyback as Government Moves to Regulate Saccos - February 2026
The National Treasury of Kenya has launched a Sh64.5 billion ($500 million) plan to buy back portions of its 2028 and 2032 Eurobonds. This initiative aims to streamline external debt repayments and reduce refinancing risks. In parallel, the Kenyan government plans to establish a new regulatory authority to oversee non-Sacco cooperatives, aiming to protect billions of shillings for members. A focus team led by Cabinet Secretary Wycliffe Oparanya has also recommended extending the moratorium on new Sacco registrations until a new law is established. This move is intended to bring stability to a sector currently grappling with over 5,000 unregulated Saccos.
