JUST IN: 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 particularly benefit smaller Saccos by integrating financial and technological advancements. “In a bid to enhance the stability, efficiency, and competitiveness of Kenya’s Savings and Credit Cooperatives (Saccos), the Cabinet has approved amendments to the Sacco Societies Act, 2008. The proposed reforms, outlined in the Sacco Societies (Amendment)
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