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Originally published by Capital Business
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business
July 14, 2026
3h ago

SACCOs are independent, says Stima DT CEO Gamaliel Hassan

SACCOs are independent, says Stima DT CEO Gamaliel Hassan

Stima DT Sacco Chief Executive Officer Dr. Gamaliel Hassan said SACCOs operate autonomously and are not subject to directives from the government or other external parties...

✨ Key Highlights

Stima DT Sacco CEO Gamaliel Hassan has asserted that SACCOs are independent institutions and external parties cannot access members' savings. This statement addresses speculation about the government potentially tapping into SACCO funds.

  • SACCOs hold over Sh1 trillion in member savings.
  • Key statement made by Stima DT Sacco CEO Dr. Gamaliel Hassan.
  • The Sacco Societies (Amendment) Bill, 2025 aims to strengthen regulation by the Sacco Societies Regulatory Authority (SASRA) and proposes a secondary SACCO for liquidity support.

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