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Co-operatives and MSMEs Development CS Wycliffe Oparanya during the past parliamentary session. Photo Courtesy

Govt lifts SACCO registration ban, sets Ksh 1.2M capital requirement

The Ministry of Co-operatives and MSMEs Development, through the Commissioner for Co-operatives, has lifted the suspension on the registration of new SACCO societies, effective immediately. The decision follows the completion of a review of the legislative and regulatory framework governing SACCOs by a Committee of Experts appointed by Cabinet Secretary Wycliffe Oparanya. The committee, which…

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