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…
