National Treasury launches review of Sacco supervision framework

National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…

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SASRA CEO, CPA David Amiani Sandagi. Photo/Courtesy

SASRA clarifies regulatory boundaries for Secondary Saccos in proposed 2025 bill

SASRA says secondary Saccos will not offer retail services. Bill seeks to protect member savings through a Deposit Guarantee Fund. Reforms also strengthen liquidity management and interbank access The Sacco Societies Regulatory Authority (SASRA) has pushed back against widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, clarifying that the bill will not allow…

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Co-operatives and MSMEs Development CS Wycliffe Oparanya alongside other Sacco sector leaders when he officially opened the KUSCCO 11th Annual SACCO Leaders’ Convention in Mombasa-Photo|Courtesy

Experts call for continued freeze on new Sacco registrations pending legal reforms

A government‑appointed team of experts has advised the Ministry of Co‑operatives and MSMEs Development to maintain the suspension on registering new Saccos until a stronger legal framework is established. This comes amid concerns over governance gaps, unregulated growth, and the safety of members’ deposits in Kenya’s expansive cooperative sector. The committee, formed by Cabinet Secretary…

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