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The CS Cooperatives Mr Simon Chelugui EGH has pledged to support SACCO Central initiative that will create efficiency and enable smaller SACCOs to access the state of the art technology that will include access to the National Payment System. The Kenya Sacco Central is a corporate Sacco (Secondary Co-operative) whose members are primary co-operatives. The…

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Following the commencement of the Regulations, the Authority proposes to make an Order to be known as the Sacco Societies (Specified Non-Deposit Taking Business) (Levy) Order pursuant to section 15 of the Sacco Societies Act. The Authority has therefore prepared a Regulatory Impact Statement (RIS) to assess the impact of the Levy Order on the…

Read More “The proposed SACCO Societies (Specified NW-DT) (Levy) Order, 2022 Regulatory Impact.” »

The Authority has released the SACCO Supervision Annual Report, 2020. The report documents the performance, operations and activities of the Deposit-Taking SACCOs in Kenya for the period between January and December, 2020. It also documents the key legal and policy developments during the period, which had a direct or indirect impact of SACCO Societies and…

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The Central Bank of Kenya in Collaboration with Kenya National Bureau of Statistics (KNBS) and Financial Sector Deepening Trust ( FSD Kenya) released the 2021 FinAccess Household Survey. To so high a degree, the surveys are used to improve the understanding of the financial inclusion landscape from the consumer side.

The Authority signed a Memorandum of Understanding (MOU) with the Directorate for Criminal Investigations to formalize the establishment of the SACCO Fraud Investigations Unit(SFIU) on 19th November 2021.