The focus team has recommended the extension of a moratorium barring the registration of new Saccos until they are placed under a new law.
Co-operatives ministry in mid-2025 suspended the registration of new Saccos pending the recommendation of the Committee of Experts.
The committee also found that there were over 5000 unregulated Saccos and multiple firms offering similar products and services.
A focus team appointed by the Cabinet Secretary, Ministry of Co-operatives and MSMEs Development, Wycliffe Oparanya, has recommended the extension of a moratorium barring the registration of new Saccos until they are placed under a new law.
The ministry in mid-2025 suspended the registration of new Saccos pending the recommendation of the Committee of Experts picked to review challenges facing the sector.
