Government Approves Sacco Law Reforms to Protect Members’ Savings
The Cabinet has approved amendments to the Sacco Societies Act, 2008, aiming to enhance financial stability and modernize operations within Kenya’s Savings and Credit Cooperatives (Saccos). The decision follows a series of financial losses that have rocked the sector in recent months. In a statement issued after a Cabinet meeting on March 11, 2025, the government emphasized that the proposed changes will…