A State-appointed team has advised against trading sacco shares between members or on the National Securities Exchange (NSE), stating that it compromises member ownership and long-term participation. This directly opposes a push from the NSE to list saccos on the stock market to boost trading activity.

• The focus team, appointed by the Cabinet Secretary, Ministry of Co-operatives and MSMEs Development, Wycliffe Oparanya, argues that share trading deviates from co-operative principles.
• NSE officials discussed the potential listing in November 2023, aiming to offer former sacco members an opportunity to sell their stakes.
• The committee, chaired by Marlene Shiels, CEO of UK-based Capital Credit Union, emphasized that credit union shares are typically nontransferable and redeemable only by the institution globally.
• Despite concerns, the committee acknowledges the need for a vehicle to "trade" locked-in savings within the Kenyan Sacco system.