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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
Source Gazette
Vol. CXXVII No. 219
Published 16th January 2025