Kenyans saving through cooperative societies could soon see stricter rules applied to their SACCOs following new proposals in Parliament aimed at tightening oversight and improving accountability in the sector.
The Sacco Societies (Amendment) Bill, 2025, sponsored by the Leader of Majority in the National Assembly, Kimani Ichung'wah, seeks to overhaul how liquidity and shared services are managed by secondary saccos such as the Kenya Union of Savings and Credit Co-operatives (KUSCCO).
Under the proposed changes, a new category called "Central Liquidity and Shared Services" has been introduced.
This refers to the practice of pooling funds from multiple primary SACCOs under a central body, a model previously used by KUSCCO before its Ksh15 billion financial crisis earlier in the year.
