The Kenyan government has issued a 21-day ultimatum to 13,000 registered Saccos to comply with financial accountability regulations, threatening license revocation for non-compliance.

• Only 2,700 of the 13,000 Saccos have submitted the required financial returns.
• Cooperatives Cabinet Secretary Wycliffe Oparanya is leading the reform initiative.
• New regulations also propose a minimum of 1,000 members and Sh 10 million in share capital for new Sacco registrations.