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Originally published by The Standard BusinessJuly 5, 2026
3h ago
State banks on Cooperative Bill, to boost Saccos growth, secure savings

The government has reaffirmed its commitment to modernising Kenya's cooperative movement through proposed legislation and increased public investment to strengthen governance...
✨ Key Highlights
The Kenyan government is prioritizing the modernization of its cooperative movement, highlighting the crucial role of the proposed Cooperative Bill in strengthening governance and safeguarding member savings.
- The Cooperative Bill aims to protect over Sh1 trillion in savings held by more than eight million Sacco members.
- Key figures involved include Deputy President Kithure Kindiki and Co-operatives Cabinet Secretary Wycliffe Oparanya.
- The government plans increased public investment and aims to double cooperative membership from 14 million to over 28 million.
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