Imarika DT Sacco headquarters in Kilifi Town.- PHOTO| Courtesy
KUSCCO collapse: Imarika Sacco says exposure fully covered
Imarika DT Sacco says it fully provided for its KUSCCO exposure by 2025 The Sacco says its capital and liquidity position enabled it to maintain member payouts Imarika has tightened investment and risk controls following the KUSCCO crisis Imarika DT Sacco says it fully provided for its Kenya Union of Savings and Credit Cooperatives (KUSCCO)…
Chief Executive Officer of the Sacco Societies Regulatory Authority (SASRA), David Sandagi-Photo|Courtesy
Sh3.92bn Sacco deductions unremitted, SASRA says
Thousands of Sacco members were affected by delayed remittance of payroll deductions County governments and assemblies accounted for the largest share of unremitted funds The delays come as regulated Saccos continue expanding their assets and digital services More than 104,000 members of Savings and Credit Co-operative Societies (Saccos) were caught in delayed remittances in 2025…
Co-operatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya speaks during the launch of the Sacco Supervision Report 2025. PHOTO| Courtesy
Saccos make Sh8.34bn provisions for KUSCCO exposure
Saccos have set aside billions as losses tied to their KUSCCO investments KUSCCO is moving towards liquidation after members approved the process Sasra is strengthening digital supervision as new financial and cyber risks emerge Savings and Credit Co-operative Societies (Saccos) that had invested shares and deposits with the Kenya Union of Savings and Credit Co-operatives…
MSME banking goes digital as lenders add cash flow tools
Banks are adding cash flow tools and bookkeeping support to MSME platforms Digital services are making payments, account management and loan applications easier New credit scoring approaches could widen access for underserved small businesses Kenyan banks are handing small businesses cash flow forecasting tools, bookkeeping help and online loan applications, the central bank reports. Behind…
Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development
Cabinet Secretary Wycliffe Oparanya.- PHOTO| Courtesy
Half a million Kenyans join Saccos, membership hits 7.875 million
Nearly half a million new members joined regulated Saccos during the year Growing deposits and loans reflect rising demand for Sacco financial services Member protection and trust remain key as the sector expands rapidly Nearly half a million Kenyans joined regulated savings and credit co-operative societies (SACCOs) in 2025, pushing total membership to 7.875 million…
SASRA Chief Executive Officer David Sandagi speaks during a past event.- PHOTO| Courtesy
Sacco sector assets hit Ksh1.278 T by August 2026
Regulated Saccos continued to expand their financial footprint in 2026 Members borrowed billions for housing, education and agricultural activities Digital services are widening access as Saccos face challenges over unremitted deductions Kenya’s regulated Saccos grew total assets to Ksh1.278 trillion by August 31, 2026, underscoring their growing role in financial inclusion. The regulated Sacco sector…
Nairobi International Trade Fair opens with climate smart farming focus
More than 500 exhibitors are showcasing products, technology and services Climate smart farming and export opportunities are taking centre stage at the fair Jamhuri Park is undergoing upgrades as organisers prepare for growing trade activity The Nairobi International Trade Fair has opened at Jamhuri Park today with over 500 exhibitors, a climate smart theme and…
Kenya mortgage loans hit Sh307.2bn as rates fall
Mortgage lending expanded as borrowing costs eased Larger loans accounted for much of the growth in the market Banks continue to face rising pressure from mortgage defaults and housing costs Kenya’s mortgage book grew 10 percent to Ksh307.2 billion in 2025 as rates eased, though bad loans rose, the Central Bank of Kenya reports. Outstanding…
Over 600 Saccos exit credit bureaus, CBK data shows
621 non-deposit taking Saccos left Kenya’s credit information sharing system in 2025 Sacco participation in CRB data sharing fell sharply as third party sources also declined Rising demand for credit reports highlights the growing role of borrower data in lending decisions More than 600 non-deposit taking Saccos dropped out of Kenya’s credit information sharing system…
Mumias Sugar shareholder challenges CMA over suspension
Mumias Sugar shareholder asks CAJ to review CMA’s response on the trading suspension Hanningtone says the regulator did not adequately address 33 information requests The petition seeks disclosure of records on resuming trading and shareholders’ rights A Mumias Sugar Company shareholder has asked the Commission on Administrative Justice (CAJ) to review a regulator’s refusal to…
