The National Assembly has given Kenyans two weeks to submit views on the Sacco Societies Amendment Bill from April 14, 2026. The deadline is April 24, 2026, at 5pm. Sponsored by Majority Leader Kimani Ichung’wah, the bill aims to strengthen oversight and stability in the SACCO sector.
The National Assembly issued the call on Tuesday, April 14, 2026, urging members of the public to provide input on the bill alongside other legislation under consideration.
Clerk of the National Assembly Samuel Njoroge stated that all submissions would be reviewed before the bill advances.
The bill proposes secondary SACCO societies as umbrella bodies to coordinate primary SACCOs, especially in liquidity management and shared financial services.
It also includes amendments to operationalise the Deposit Guarantee Fund to protect members' savings during financial distress.
Changes to governance structures cover board appointments for the Deposit Guarantee Fund.
These aim to boost accountability, transparency, and professionalism in cooperative management.
There are currently 176 deposit-taking SACCOs and over 200 non-deposit-taking ones, all regulated by the Sacco Societies Regulatory Authority (SASRA).
The announcement follows Cooperatives Cabinet Secretary Wyckliffe Oparanya's April 10, 2026, warning to revoke licenses of 10,000 non-compliant SACCOs.
Of 13,000 registered SACCOs, only 2,700 file annual returns consistently, Oparanya noted.
"This situation undermines the principles of accountability and risks eroding public confidence in the cooperative movement. Regulations require all registered Saccos to file returns with the Commissioner for Cooperatives, and failure to do so will no longer be tolerated," Oparanya said.
Kenyans can obtain copies of the bill at the Main Parliament Buildings in Nairobi or via the Parliament website. Submissions may be delivered physically to the Clerk’s office or emailed to cna@parliament.go.ke.