- The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025.
The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025.
In a public notice seen by Sacco Review, the state dismissed claims that the proposed legislation is being fast-tracked through Parliament, clarifying that the Bill was officially published on June 30, 2025.
The notice added that the Bill is currently under review by the National Assembly’s Departmental Committee on Trade, Industry and Cooperatives. The committee is actively collecting views from the public and stakeholders as part of the mandatory public participation process.
“Upon conclusion of the public participation process, the Committee will prepare a report. Submissions from the public will inform amendments by the Committee for consideration by the National Assembly at the appropriate stage,” the notice reads.
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The state also refuted claims that the Bill grants the President powers to appoint Sacco management committees, insisting that members of individual Saccos will continue to elect their own leadership under the current framework.
“The Bill provides for a Board of Directors of the proposed secondary Sacco society, which shall be elected by individual member Sacco societies. The Bill has no provisions that allow the government to reject or change the membership of a management committee,” the government stated.
Officials dismissed rumors that the Bill seeks to create a “super Sacco.” Instead, they clarified that it establishes a “secondary Sacco society” whose membership is strictly limited to primary Saccos.
Furthermore, officials dismissed rumors that the Bill seeks to create a “super Sacco.” Instead, they clarified that it establishes a “secondary Sacco society” whose membership is strictly limited to primary Saccos. This structure is intended to help smaller Saccos access payment platforms, investment systems, and efficient fund reimbursement for the benefit of their members.
Additionally, the government denied allegations that the proposed secondary entity would be allowed to lend money to the state or outside organizations, or that the Bill would block members from accessing their shares upon resignation.
Finally, the notice rejected claims that the Bill caps member compensation at KSh 100,000 in the event of a society’s collapse, and denied that the secondary Sacco would have the authority to dictate the liquidity of individual societies.
By Frank Mugwe
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