SASRA acting CEO
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…

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 Suluhu DT sacco chairman committee on education Michael Kitheka speaks to members during education day held at ACK Wote township school play ground/Lydia Ngoolo.

Sacco CEO encourages members to choose financial institutions wisely before investing

Suluhu DT sacco Chief Executive Officer, (CEO) has advised members intending to join the sacco to have a thorough review of financial institutions they intend to invest with. Speaking during the Sacco’s education day, the CEO Sammy Mutemi noted that all saccos are good but encouraged members to understand the parameters in each Sacco they…

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