Jack Ranguma - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Half a million Kenyans join Saccos, membership hits 7.875 million

Sacco ReviewSeptember 28, 202604 mins

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 chair urges stronger oversight and shared services for the Sacco sector

Sacco ReviewApril 24, 2026April 24, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has called for deeper reforms and stronger oversight to safeguard members’ savings, as the Specified Non‑Withdrawable Deposit‑Taking (NWDT) sector continues to expand. Speaking during the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, SASRA Board Chairman Jack Ranguma said the forum comes at a critical juncture, five years…

SASRA warns cooperatives of dire consequences for mismanaging funds

Sacco ReviewFebruary 21, 202506 mins

The SACCO society’s regulatory authority (SASRA) has issued a stern warning to cooperatives that mismanage members’ funds, stating that their days are numbered. Jack Ranguma, the Chairman of the SACCO Societies Regulatory Authority (SASRA), particularly singled out Metropolitan National SACCO, noting that its members have lost millions of shillings. Ranguma revealed that the minister responsible…

SASRA chair decries low number of Saccos in region

Sacco ReviewApril 12, 2023April 12, 202302 mins

By Fredrick Odiero SASRA Chairman Jack Ranguma has expressed concern over the low asset base levels of Saccos from Nyanza region. Ranguma said Saccos in the country have a total asset base of Ksh 886 billion yet Nyanza region controls a paltry Ksh3.6 billion (0.2%) of the total amount. Speaking during Keystone Sacco’s Annual…