SACCO supervision - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Saccos make Sh8.34bn provisions for KUSCCO exposure

Sacco ReviewSeptember 28, 202605 mins

Saccos have set aside billions as losses tied to their KUSCCO investments KUSCCO is moving towards liquidation after members approved the process Sasra is strengthening digital supervision as new financial and cyber risks emerge Savings and Credit Co-operative Societies (Saccos) that had invested shares and deposits with the Kenya Union of Savings and Credit Co-operatives…

SASRA guides 700 Sacco officers on new supervision system

Sacco ReviewSeptember 3, 202602 mins

SASRA trains over 700 SACCO officers on its new supervision system. The online platform will streamline 2027 licence renewal submissions. DT and NWDT SACCOs face separate deadlines for compliance. The Sacco Societies Regulatory Authority (SASRA) held a virtual sensitisation session attended by over 700 participants drawn from regulated Deposit Taking (DT) and Non-Withdrawable Deposit Taking…