legislation - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Why the Pan-African Parliament is determined to harmonize cooperative legislations

Sacco ReviewOctober 9, 202409 mins

As the country eagerly awaits the enactment of new cooperative laws to regulate the sector, under the devolved system of government, the Pan-African Parliament (PAP) has coincidentally developed a Model Law that seeks to harmonize all cooperative legislations across the entire continent. This Model Law was adopted by the Pan-African Parliament during the 3rd Session…

Kenya Bankers Association rejects draft law to regulate banking professionals

Sacco ReviewSeptember 19, 2024September 19, 202403 mins

The Kenya Bankers Association (KBA) has objected to proposed legislations that seek to regulate banking professionals. Appearing before the National Assembly Public Petition Committee chaired by Nimrod Mbai, the Association’s acting CEO Raymond Molenje stated that the proposed legislations will only hinder economic growth and limit employment opportunities in the banking sector. “The banking sector…

Govt regains control of Co-ops in new draft bill

Sacco ReviewNovember 24, 2023November 24, 2023013 mins

The Co-operative Bill 2023 is a game-changer as it will allow the government a level of control over activities of the cooperative movement and intervene in case of any risk that may threaten the movement with the aim of making the multi-billion sector flourish again. A look into the bill shows that unlike before when…