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April 11, 2026
3h ago

CS Oparanya Announces New Conditions for Licensing SACCOs

CS Oparanya Announces New Conditions for Licensing SACCOs

The CS said the new measures are part of ongoing reforms under the Cooperative Bill, which seeks to strengthen accountability and create a more structured SACCO sector...

✨ Key Highlights

All SACCOs in Kenya must now adopt digital systems and shared services to obtain a licence, a move announced by Cooperatives Cabinet Secretary Wycliffe Oparanya on April 9, 2026.

  • The directive aims to improve transparency, efficiency, and internal controls in SACCO operations.
  • Key figures involved include Cooperatives Cabinet Secretary Wycliffe Oparanya and the Sacco Societies Regulatory Authority (SASRA).
  • Other proposed reforms include stricter vetting of leadership, enforcement of governance standards, and the creation of a stabilisation fund and deposit guarantee mechanism.

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