Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Reimagining Kenya’s cooperative finance
The Rabobank experience demonstrates that cooperative ownership can coexist with strong professional management, if clear accountability frameworks are in place.
Kenya’s savings and credit cooperative organisations (sacco) sector is at a pivotal moment. For decades, saccos have been central to financial inclusion, mobilising savings, extending credit, and supporting households and SMEs across the country.
Yet beneath this success lies a structural fragility defined by fragmentation, weak governance in some institutions, and absence of a system-wide liquidity backstop. The Sacco Societies (Amendment) Bill, 2025 represents a decisive attempt to address these weaknesses, proposing a transformation that would fundamentally reshape the sector into a more integrated, stable, and bank-like system.
