CAK Pushes Changes to Sacco Amendment Bill Over Regulatory Concerns

The Co-operative Alliance of Kenya has proposed major changes to the Sacco Societies (Amendment) Bill, arguing that several provisions in the proposed law could undermine the identity of savings and credit cooperative societies (SACCOs) and impose unnecessary financial burdens on members. The alliance submitted a memorandum to the National Assembly’s Departmental Committee on Trade, Industry [...] The post CAK Pushes Changes to Sacco Amendment Bill Over Regulatory Concerns appeared first on Kahawatungu. The Co-operative Alliance of Kenya has proposed major changes to the Sacco Societies (Amendment) Bill, arguing that several provisions in the proposed law could undermine the identity of savings and credit cooperative societies (SACCOs) and impose unnecessary financial burdens on…