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

There’s a need to fast-track recent laws approved by the Cabinet meant to improve SACCOs

Sacco ReviewJune 4, 2025June 4, 202504 mins

During a Cabinet meeting chaired by President William Ruto in March this year at State House, key amendments to the Sacco Societies Act, 2008, were approved in a bid to enhance the stability, efficiency, and competitiveness of the country’s Savings and Credit Cooperatives Societies (SACCOs). The proposed reforms, which are outlined in the Sacco Societies…

Government plans to finalize Cooperatives Bill to strengthen governance and legal collaboration

Sacco ReviewDecember 6, 202405 mins

The government is planning to finalize the Cooperatives Bill that will enhance governance and legal collaboration between the national and county governments. The ministry is relooking at the Sacco Societies Act to be amend and establish a central liquidity facility and shared services platform to streamline the financial services. According to the CS Oparanya, Saccos…

How to improve governance of cooperatives, restore members’ confidence

Sacco ReviewMay 11, 2024May 11, 202406 mins

Kenya is reputed to have the most vibrant cooperative sector in Africa. Financial cooperatives have grown exponentially necessitating the enactment of the sector-specific Sacco Societies Act, 2008, to regulate them. It is believed some Saccos have mobilised more deposits compared to some licenced commercial banks operating in the country. But what then ails this critical…