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GAZETTE NOTICE NO. 15383

GAZETTE NOTICE NO. 15383

THE SACCO SOCIETIES ACT

(Cap. 490B)

AUTHORIZATION


PURSUANT to section 28 of the Sacco Societies Act (the Act), the Sacco Societies Regulatory Authority (Authority) notifies the general public that further to the list of licensed and authorized Sacco Societies published in the Kenya Gazette No. 657 Vol. CXXVII – 15, dated 24th January, 2025, the Authority has in accordance with— 1. Regulation 8 (1) of the Sacco Societies (Deposit-Taking Sacco Business) Regulations, 2010 issued a Sacco deposit-taking license to the Sacco Societies listed in Schedule I to undertake deposit-taking Sacco business in Kenya with effect from the dates indicated therein, and which may be renewed upon application, but subject to compliance with the prescribed minimum prudential standards. SCHEDULE I—ADDITIONAL LICENSED DEPOSIT TAKING SACCO SOCIETY No. Name of the Deposit Taking Sacco Society Date Licensed Postal Adress Physical Location of Head Office County Location of Head Office 1 Kumbukumbu Sacco Society Limited 11th August, P.O. Box 22330– Nairobi National Museum Headquarters, Museum Hill Road, Nairobi Nairobi 2 Setyon Sacco Society Limited 11th September, P.O. Box 1314– Kericho Kipchimatt Headquarters Annex, off Kericho- Nakuru Highway, Brooke Centre, Kericho Kericho 2. Regulation 6(2) of the Sacco Societies (Non-Deposit-Taking Sacco Business) Regulations, 2020 issued authorizations to the Sacco Societies listed in Schedule II to undertake specified non-deposit-taking Sacco business in Kenya with effect from the dates indicated therein, and which may be renewed upon application, but subject to compliance with the prescribed minimum prudential standards. SCHEDULE II—ADDITIONAL AUTHORIZED SACCO SOCIETIES TO UNDERTAKE SPECIFIED NON-DEPOSIT- TAKING SACCO BUSINESS No. Name of Sacco Society Date Authorization Postal Adress Physical Location of Head Office County Location of Head Office 1 ACK Imani Talent Regulated 7th May, 2025 P.O. Box 75– Mothers Union Plaza, Moi Nakuru 24th October, 2025 THE KENYA GAZETTE No. Name of Sacco Society Date Authorization Postal Adress Physical Location of Head Office County Location of Head Office Non-WDT Sacco Society Ltd Nakuru Road, Nakuru 2 Kenfam Regulated Non-WDT Sacco Society Ltd 7th May, 2025 P.O. Box 26915– Nairobi South Gate Centre, Mukoma Road, South B, Nairobi Nairobi Urban Roads Regulated Non-WDT Sacco Society Limited 1st January, P.O. Box 22435– Nairobi Barabara Plaza, Mazao Road-off South Airport Road, JKIA, Nairobi Nairobi Further caution and notice is given – (a) THAT, it is an offence punishable by prosecution under the Act and the Regulations made thereunder for any person to conduct or undertake a deposit taking Sacco business and / or specified non-deposit taking Sacco business, with any Sacco Society or entity, unless the Sacco Society has been duly licensed or authorized by the Authority. (b) THAT any member of the public, person or entity who transacts or continues to transact deposit taking Sacco business or specified non-deposit taking Sacco business, with a Sacco society or any other entity which does not have a valid license or authorization for the Authority, shall be doing so at his/her own risk and peril. (c) THAT every licensed or authorized Sacco Society is required by law to all times, display the original license or authorization certificate (as the case may be) in conspicuous place at their registered Head Offices, and a copy license or authorization certificate (as the case may be) at all other licensed or authorized branches and places of business. (d) THAT public and private sector companies, institutions, and entities should cease and desist from facilitating unlicensed and unauthorized entities purporting to be Sacco Societies, to undertake illegal regulated SACCO businesses through deductions and remittances, and/or by providing electronic and digital channels and conduits to undertake such illegal regulated SACCO businesses. (e) THAT Regulated SACCO Societies are strictly prohibited from placing and/or investing members’ funds in the deposits of and/or equities of any unregulated entity, and any such existing placement and/or investments should be recalled forthwith. Dated the 14th October, 2025. DAVID A. SANDAGI, MR/7832182 Ag. Chief Executive Officer.

Dated the 14th October, 2025.

DAVID A. SANDAGI,

Ag. Chief Executive Officer.

Extracted Entities (1)

previous_gazette_ref

15383

Details

Act / Legislation
THE SACCO SOCIETIES ACT
Reference
Cap. 490B
Section
section 28
Signed By
DAVID A. SANDAGI
Title
Ag. Chief Executive Officer
Date Signed
14th October 2025
Page
48
Extraction Method
regex