Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Treasury plans to redirect Sacco deductions straight to societies Unremitted payroll deductions rise as more members are affected Most outstanding deductions are linked to Sacco loan repayments Kenya is moving to take billions of shillings in workers’ Sacco deductions out of the hands of employers. The payroll overhaul is designed to stop a growing crisis,…
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…
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…
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…
Sandagi highlights Saccos’ role in building trust in Kenya’s credit market Peer guarantorship helps members access formal financial services Regulated Saccos now serve 7.87 million members with Ksh1.21 trillion in assets The Sacco Societies Regulatory Authority (SASRA) has highlighted the growing role of Savings and Credit Cooperative Societies (Saccos) in promoting financial inclusion and strengthening…
SASRA showcased Kenya’s cyber resilience strategy for SACCOs at the 2026 ICURN Annual Conference in Mumbai. CEO David Sandagi outlined the regulator’s response to cyber threats, digital risks and incident preparedness. The SACCO Societies Regulatory Authority (SASRA) has detailed its supervisory response to a live cyber crisis, in a presentation by its Chief Executive Officer(CEO),…
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…
The Sacco Societies Regulatory Authority (SASRA) has announced the appointment of David Sandagi as its substantive Chief Executive Officer (CEO) effective June 2026, following a decision by the Board after consultations with the Head of the Public Service and the Cabinet Secretary for Co-operatives and MSME Development. Sandagi has been serving in an acting capacity…
The SACCO Societies Regulatory Authority (SASRA) has raised concern over the ever‑increasing concentration of assets within Kenya’s regulated SACCO industry, warning that a small cluster of large institutions continues to dominate the sector. According to SASRA, by 2024, a total of 60 large‑tiered regulated SACCOs controlled 77.07 per cent of the industry’s total assets, amounting…
Residents of Western Kenya, comprising Bungoma, Busia, Kakamega, Trans-Nzoia, and Vihiga counties, are set to benefit from a new regional Savings and Credit Cooperative (SACCO) aimed at driving economic empowerment. The initiative, dubbed “Tushirikiane DT Sacco,” is being spearheaded by the Cabinet Secretary for Cooperatives, Wycliffe Oparanya, who on Saturday convened a high-level stakeholders’ meeting…
