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April 15, 2026
2h ago

Kenyans Given 2-Week Deadline as Govt Unveils Major SACCO Changes

Kenyans Given 2-Week Deadline as Govt Unveils Major SACCO Changes

The looming regulatory changes are expected to have a far-reaching impact for individuals, businesses and other fields linked to the SACCO sector...

✨ Key Highlights

Kenyans have a two-week window to submit their feedback on the proposed SACCO Societies Amendment Bill, which aims to reform the country's Savings and Credit Cooperative Organisations.

  • The deadline for public submissions is April 24, 2026, at 5pm.
  • The Bill, sponsored by Majority Leader Kimani Ichung’wah, seeks to strengthen oversight and stability through measures like establishing secondary SACCOs and facilitating the Deposit Guarantee Fund.
  • This initiative follows a warning from Cooperatives Cabinet Secretary Wycliffe Oparanya, who threatened to revoke the licenses of over 10,000 non-compliant SACCOs.

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