David Sandagi - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Sandagi highlights Saccos’ role in building credit market trust

Sacco ReviewSeptember 10, 202603 mins

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 outlines Kenya’s cyber resilience strategy at global regulators’ conference

Sacco ReviewJuly 20, 202603 mins

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),…

SASRA launches case digest to guide Sacco governance and dispute resolution

Sacco ReviewJune 11, 2026June 11, 202605 mins

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…

SASRA confirms appointment of David Sandagi as substantive CEO

Sacco ReviewJune 9, 202602 mins

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…

SASRA flags rising asset concentration as large SACCOs dominate industry

Sacco ReviewMay 10, 2026May 10, 202605 mins

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…

Western Region moves to establish “Tushirikiane DT Sacco” to boost economic empowerment

Sacco ReviewMay 3, 2026May 4, 202606 mins

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…

SASRA orders SACCOs to bolster cyber-security ahead of holiday attack risks

Sacco ReviewApril 2, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has directed all regulated SACCOs to institute round‑the‑clock surveillance and mandatory offline data back‑ups of their digital platforms, warning of heightened cyber‑attack risks during the upcoming Easter and Labour Day holidays. According to SASRA, analysis of past incidents shows cyber‑attacks peak during long weekends and public holidays, particularly in…

CEOs and CFOs to sign SACCOs audited accounts as SASRA tightens accountability

Sacco ReviewDecember 20, 2025December 20, 202506 mins

Chief Executive Officers (CEOs) and Chief Finance Officer or Finance Manager (CFO or FM) of Savings and Credit Cooperative Organisations (SACCOs) must now sign audited financial statements alongside authorized board signatories, a move aimed at cementing personal and collective responsibility for financial reporting in the cooperative sector. The Sacco Societies Regulatory Authority (SASRA) announced the…