CPA Sandagi takes over as Ag CEO SASRA as Njuguna’s term ends  

Certified Public Accountant David Amiani Sandagi has been appointed acting chief executive officer for the Sacco Societies Regulatory Authority (SASRA) after completion of the term of CPA Peter Njuguna.

In a statement issued on Tuesday, SASRA indicated that Sandagi has been appointed by the Board of Directors in consultation with the Cabinet Secretary, Ministry of Cooperatives and Micro, Small and Medium Enterprises Wycliffe Oparanya effective August, 18 2025.

CPA Sandagi has been working as the SASRA Director Corporate Services, he also worked as head of compliance in the regulatory authority.

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The new Ag CEO is a member of the Certified Public Accountants of Kenya (ICPAK) and Certified Expert in Financial Inclusion (CEFI).

He holds a Master of Business Administration (MBA) degree and Bachelor’s degree in Finance and Banking.

He is also an alumnus of the senior Leadership Development Programme (SLDP) and a Certified Professional Coach (CPC).

Former CEO Njuguna has been in office for four years, he was confirmed in the role of CEO on August 2021 following an acting period since April 2021,he replaced John Mwaka, who had served his term.

Prior to his confirmation, Njuguna had been with SASRA since 2010, previously leading the supervision team and contributing to the development of Sacco management and technical capacity.

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As CEO Njuguna has been pushing for reforms to improve the SACCO industry and address challenges related to regulations, technology, and international remittances.

Under the Sacco Societies Act, CAP 490B, one can serve as CEO SASRA for a term of four years, with the option to be renewed once for another term of up to four years.

SASRA supervise and regulate both deposit-taking and non-withdrawable deposit-taking SACCOs.

In the year 2024 SACCO industry asset base stood at Ksh1.08 Trillion  up from Ksh890 billion in 2022, while saving deposits and savings increased from 620 billion to 750 billion, capital reserves from 125 billion to 219 billion and the loan book from 680 billion to 842 billion in the same period.

By Obegi Malack

obegimalack@gmail.com

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