Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Xavier Lugaga urges Parliament to ensure the Sacco Societies (Amendment) Bill, 2025 strengthens governance without undermining member ownership and democratic control of SACCOs. A movement built by its members When Kenya’s economic history is written, the cooperative movement will earn a special chapter. Few institutions have empowered ordinary wananchi like Savings and Credit Cooperative Societies…
The National Assembly has dismissed what it called widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, saying claims that the legislation would create a government controlled “super Sacco” or hand the President power over Sacco leadership are false. In a public statement, the Assembly said the Bill, which seeks to amend the Sacco…
Thousands of SACCO members across Kenya could see significant changes in how their savings are managed if the proposed SACCO Societies (Amendment) Bill, 2025 becomes law, with critics warning that some provisions may weaken member control over cooperative societies and expose savings to increased risks. The Bill, which is currently attracting debate among cooperative stakeholders,…
MPs have questioned a proposal in the Sacco Societies (Amendment) Bill, 2025 to cap deposit insurance compensation at KSh100,000, warning that the limit could leave members with larger savings exposed if a SACCO collapses. Lawmakers urged SASRA to adopt a more flexible and depositor-friendly framework that strengthens oversight, protects members’ savings, supports innovation, and avoids…
Cabinet Secretary for Cooperatives and SMEs, Wycliffe Oparanya, has announced the introduction of a Deposit Guarantee Fund aimed at protecting members’ savings in SACCOs in the event of a SACCO collapse. Oparanya assured members that their deposits would be safeguarded, ensuring that they can recover their money even if their SACCOs fail. Speaking about the…
