SACCO Societies Act Stories

Saccos outpace banks with affordable loans, but face liquidity challenges - Sasra
Maureen Kinyanjui  |  Sep 16, 2025

The Central Bank of Kenya raised the base lending rate to 13 per cent in February 2024 and maintained it until August, driving some commercial lenders...

Oparanya faults counties for SACCO liquidity crisis, says non-remittance crippling operations
Lucy Mumbi  |  Aug 06, 2025

CS Wycliffe Oparanya said county administrations have withheld millions of shillings deducted from Sacco members, especially medical staff, plunging s...

New Bill proposes deposit guarantee, liquidity regulation in SACCOs
Maureen Kinyanjui  |  Jul 25, 2025

The proposed changes, introduced through the Sacco Societies (Amendment) Bill, 2025 by Majority Leader Kimani Ichung’wah, aim to offer financial prote...

CS Oparanya appoints team to review SACCO Societies Act, appoints new KUSCCO Board
Lucy Mumbi  |  Apr 16, 2025

In a statement issued on Wednesday, Oparanya said the experts would be responsible for reviewing the legislation and proposing amendments to enhance t...

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