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Originally published by Capital Business
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business
July 1, 2026
3h ago

MPs question Sh100,000 payout cap for failed SACCOs

MPs question Sh100,000 payout cap for failed SACCOs

The concerns were raised during deliberations by the National Assembly's Departmental Committee on Trade, Industry and Cooperatives on the proposed Sacco Societies (Amendment) Bill, 2025...

✨ Key Highlights

Kenyan Members of Parliament are questioning a proposed Sh100,000 payout cap for depositors in failed SACCOs, arguing it is insufficient for those with larger savings.

  • Proposed compensation limit for failed SACCO depositors: Sh100,000
  • Key organization involved: Sacco Societies Regulatory Authority (SASRA) and the National Assembly’s Departmental Committee on Trade, Industry and Cooperatives
  • Alternative proposal discussed: Increasing the compensation limit to Sh500,000, aligning with bank depositor protection.

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