PS State Department for Cooperatives, Patrick Kilemi (c)
SASRA launches case digest to guide Sacco governance and dispute resolution
The Sacco Societies Regulatory Authority (SASRA) has unveiled first-ever Cooperative Financial and SACCO Law Case Digest to guide Sacco governance and dispute resolution. The digest was launched by the Principal Secretary for the State Department for Cooperatives, Patrick Kilemi, during the 2026 Regulatory Policy and Legal Roundtable for Deposit-Taking SACCO Societies. The publication was developed…
Parliament reopens Tea Amendment Bill scrutiny after conflict of interest ruling
The National Assembly’s Departmental Committee on Agriculture and Livestock has resumed fresh consideration of the Tea (Amendment) Bill, 2023, after Speaker Moses Wetang’ula directed a new review of the legislation following a conflict of interest complaint against a member of parliament. Wetang’ula’s ruling followed a complaint by Nyeri tea farmer Dr John Omanga, who questioned…
Credence Africa Executive Director Muthoni Njoroge ( l)and other leaders from the cooperative sector during the Cooperative Expo 2026 in Nairobi
SACCOs should access full deposits from Deposit Guarantee Fund, says Credence Africa
Credence Africa Executive Director Muthoni Njoroge, has called for a review of the Sacco Societies (Amendment) Bill, 2025, to ensure that SACCOs fully benefit from the proposed Deposit Guarantee Fund (DGF), rather than receiving compensation through a fixed percentage. Speaking at the Cooperative Expo 2026 at Uhuru Park, Nairobi; Muthoni highlighted that the DGF, which…
Ufundi Sacco Co-op plaza which is on sale. Photo Courtesy
Ufundi Sacco puts landmark Co-op Plaza building up for sale
Ufundi Savings and Credit Cooperative Society (Sacco) has announced plans to sell its landmark Co-op Plaza building located at the intersection of Moi Avenue and Moktar Daddah Street in Nairobi’s Central Business District. The property, which stands on a 0.0546-hectare parcel of land, comprises 13 floors and three basement levels, offering approximately 49,000 square feet…
Chief Executive Officer of the Sacco Societies Regulatory Authority (SASRA), David Sandagi. Photo|Courtesy
SASRA issues governance ultimatum to NWDT SACCOs
Kenya’s cooperative regulator has issued its starkest warning yet to non-withdrawable deposit-taking savings societies, telling their leadership that structural reform and professional governance are no longer optional as the sector steers towards a new legislative framework. The Sacco Societies Regulatory Authority (SASRA) convened its inaugural Regulatory Round Table for Non-Withdrawable Deposit-Taking (NWDT) SACCOs on April…
Insider loans emerge as new risk for co-operatives
Insider loans are emerging as a growing threat to the stability of co-operatives, with recent disclosures showing how senior officials in some savings societies have borrowed heavily against member funds and later defaulted, exposing governance gaps and weak credit risk controls. The concern is now gaining urgency across the sector as new audit findings and…
EAC Affairs PS Dr. Caroline Karugu (centre) before National Assembly’s Departmental Committee on Finance and National Planning. Photo Courtesy.
EAC affairs PS urges parliament to amend tax laws to align with EAC partner states
The State Department for East African Community (EAC) Affairs has urged the National Assembly to fast-track amendments to Kenya’s tax laws to align them with regional frameworks, warning that failure to do so could trigger retaliatory trade measures from neighbouring countries. Appearing before the National Assembly’s Departmental Committee on Finance and National Planning, Principal Secretary…
DCI have arrested three individuals suspected of orchestrating a sophisticated fraud scheme that siphoned over Ksh22.4 million from a local SACCO. Photo Courtesy
DCI arrest 3 suspects in connection with Ksh22.4 M SACCO fraud
Detectives from Directorate of Criminal Investigations (DCI) have arrested three individuals suspected of orchestrating a sophisticated fraud scheme that siphoned over Ksh22.4 million from a local savings and credit cooperative society (SACCO). Investigations revealed a complex network in which the suspects exploited the SACCO’s computerized financial systems to illegally transfer funds for personal gain. At…
Affordable Housing Fund Board chair Jeremiah Simu speaking during the stakeholder engagement forum in Kiambu-Photo|Courtesy
Housing Fund Board seeks stronger KRA powers to curb affordable housing levy defaulters
The Affordable Housing Fund Board has urged Parliament to grant the Kenya Revenue Authority (KRA) stronger enforcement powers to tackle evasion of the 1.5 per cent housing levy, warning that gaps in the current legal framework undermine compliance and limit revenue collection. Appearing before the National Assembly Departmental Committee on Finance and National Planning during…
TBK Chief Executive Officer (CEO) Willy Mutai
Gov’t pushes tea value addition as legislative setbacks stall reform agenda
The government is intensifying efforts to shift the tea industry from bulk exports of raw produce to higher‑value processed and branded products, even as political and legislative hurdles threaten to slow the pace of reform. Speaking at the China‑Africa Forum on Agritech and Industrial Cooperation in Nairobi, Tea Board of Kenya (TBK) Chief Executive Officer…
