Principal Secretary for Co-operatives Patrick Kilemi is leading a Kenyan delegation to the 2026 International Credit Union Regulators’ Network (ICURN) Annual Conference taking place in Mumbai, India.
The conference, being held from July 15 to July 17, 2026, at the Taj Palace Hotel, has brought together SACCO and credit union regulators, policymakers and industry leaders from across the world to discuss emerging issues in cooperative finance and financial regulation.
The Kenyan delegation includes SACCO Societies Regulatory Authority (SASRA) Chief Executive Officer David Sandagi and other technical officers.
In a statement shared on social media, Kilemi said the conference is being held in collaboration with the Reserve Bank of India and provides an important platform for regulators to exchange experiences and best practices.
“I am participating in the International Credit Union Regulators’ Annual Conference 2026, held in collaboration with the Reserve Bank of India,” Kilemi said.
He noted that discussions are focusing on critical issues shaping the future of cooperative finance, including digital innovation in supervision, governance and oversight, regulation of SACCO ecosystems, and deposit insurance frameworks.
“Kenya remains committed to aligning its regulatory framework with international best practices to strengthen the stability, resilience and soundness of the SACCO sector, while fostering innovation and safeguarding members’ savings,” he said.
During the conference, SASRA CEO David Sandagi delivered a presentation on the Authority’s supervisory response during a simulated cyber crisis.
He highlighted the growing adoption of fintech and digital financial services within Kenya’s SACCO sector, the cyber risks associated with increased reliance on information and communication technology systems, and measures being implemented to enhance cyber resilience.
Sandagi also outlined ongoing efforts to improve incident preparedness and strengthen cyber risk management among regulated SACCOs.
The conference serves as a global forum for financial regulators and supervisors to deliberate on emerging trends, challenges and opportunities within cooperative finance.
ICURN brings together financial supervisors from more than 40 countries to share knowledge, strengthen regulatory frameworks and promote the safety and sustainability of credit unions and SACCOs.
The network plays a key role in supporting regulators to ensure cooperative financial institutions remain stable, well-governed and capable of protecting members’ savings.
Author: Andrew Walyaula
Andrew Walyaula is a seasoned multimedia journalist. Email: [email protected]
