EA News

Governments in both Kenya and Uganda are moving to tighten regulations governing Savings and Credit Cooperative Organisations (SACCOs) in response to recent collapses and cases of fraud that have shaken public confidence. Proposed reforms aim to strengthen oversight through improved eligibility criteria, increased share capital requirements, stronger deposit protections, and enhanced consumer safeguards.

SACCOs have historically played a vital role in advancing financial inclusion for individuals and small businesses by providing accessible savings and credit services. However, regulatory weaknesses have exposed members to risks and undermined the sector’s credibility.

The reforms seek to modernise governance, improve transparency, and ensure that SACCOs continue to function as reliable pillars of grassroots finance across the region.

Source: The East African

26. February 2026/ Urge- DeveWire

East Africa’s SACCO Sector Faces Regulatory Reforms to Restore Trust

Urge- Growth Daily

Urge- DevWire

Urge Skill-Up

Knowledge is power.

Stay connected. Be informed.