National Treasury launches review of Sacco supervision framework

National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…

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ikolomani MP
Ikolomani MP Bernard Shinali, the Chairperson of the National Assembly's Departmental Committee on Trade, Industry and Cooperatives. Photo/Courtesy

MPs question Ksh100,000 deposit insurance ceiling under proposed Sacco law

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…

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