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

Busia’s Mungatsi Sacco cleared to operate after lengthy registration hurdles

Sacco ReviewMay 4, 2026May 4, 202603 mins

After years of bureaucratic delays, the Mungatsi Economic Warriors Cooperative Society has finally been cleared to operate as a fully registered Sacco in Busia County. The long‑awaited approval, granted after intervention by the Department of Trade and Cooperatives, has paved the way for the society to begin mobilising savings and offering credit services under a…

PS Kilemi warns SACCOS against risky investments outside regulatory framework

Sacco ReviewApril 24, 2026April 24, 202605 mins

Cooperatives Principal Secretary (PS) Patrick Kilemi has warned Savings and Credit Cooperative Organizations (SACCOs) against venturing into unregulated investments, urging stronger governance structures and tighter internal controls to protect member funds. Speaking at the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, PS Kilemi said the growing appetite for investments outside the regulatory framework…