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FX

A running file

The sacco-safety file

Every Receipt on this subject, newest first. Next on the calendar: SASRA's 2027 licence list: which SACCOs lost or had licences restricted.

  • Banking DeskReceipt

    KES 885 billion in SACCOs, and a deposit guarantee fund that has yet to be switched on

    Our verdict · Opinion

    Kenya's SACCO members hold KES 885 billion behind a deposit guarantee fund that is written into the Act but, on the regulator's own account, has yet to be made operational; a bank saver has a KES 500,000 safety net, a SACCO saver a KES 100,000 promise on paper.

    Regulated SACCOs held KES 884.8 billion of members' deposits in June 2026. The Sacco Societies Act sets up a Deposit Guarantee Fund covering up to KES 100,000 a member, but SASRA says the Fund still has to be made operational, through a Bill now before Parliament. Until then, SACCO members lack the working safety net that bank depositors get from KDIC.