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AYIEKO: New dawn for Saccos in wake of Co-operatives Bill

Kenya’s cooperative sector has an asset base of more than Sh1 trillion with a membership of over 15 million people

In Summary

• The Co-operative (amendment) Bill is expected to usher in a new regulatory regime for the Saccos.

• The bill is part of Dr Nelson Kuria’s Ministerial task force agenda on the operationalization of the national co-operative policy that’s currently under stakeholder validation.

Savings and Credit Co-operatives Societies play a key role is serving the banked and the unbanked.

This is part of the Vision 2030 economic pillar that aims to create a vibrant and competitive ...