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…
