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

SASRA urges SACCOs to strengthen oversight as digital financial services expand

Sacco ReviewMay 22, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has urged the Savings and Credit Cooperative Organizations (SACCOs) to strengthen oversight by reinforcing compliance, risk management, and regulatory reporting standards in the rapidly evolving digital financial services space. Speaking during a virtual sensitization forum bringing together more than 600 participants from regulated SACCOs, Acting Chief Executive Officer (CEO)…

12,000 Saccos to face deregistration over failure to file returns

Sacco ReviewMay 19, 202603 mins

Co‑operatives Cabinet Secretary Wycliffe Oparanya has cautioned more than 12,000 Savings and Credit Cooperative Societies (Saccos) that they risk deregistration for failing to file annual returns, in a move aimed at protecting citizens from dormant and fraudulent accounts. Appearing before the Senate, Oparanya revealed that out of 14,000 registered Saccos, only 2,000 have complied with…

Attorney General orders Saccos to file annual returns within 60 days or face deregistration

Sacco ReviewMay 15, 2026May 15, 202604 mins

The Office of the Attorney General has issued a stern directive requiring all registered societies, including hundreds of Savings and Credit Cooperative Societies (Saccos), to file their annual returns within the next 60 days or risk enforcement action. In a public notice, the Registrar of Societies reminded organisations that filing annual returns is a legal…

Sacco leaders push Parliament for sector reforms in new cooperative bill

Sacco ReviewMay 14, 202608 mins

Leaders in Kenya’s cooperative movement have intensified pressure on Parliament to amend the proposed Sacco Societies (Amendment) Bill, warning that several clauses risk diluting the identity and operational independence of Savings and Credit Cooperative Organisations (SACCOs). The Co-operative Alliance of Kenya (CAK), the umbrella body representing the country’s cooperative sector, tabled a detailed memorandum before…

Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify

Sacco ReviewMay 12, 2026May 14, 202606 mins

Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…

Bestrock Sacco strengthens governance with delegate induction drive

Sacco ReviewMay 12, 2026May 14, 202604 mins

Bestrock Savings and Credit Cooperative Society Limited is strengthening its governance, empowering its leadership, and positioning itself for sustained growth through an intensive delegate induction programme held in Kitui. The Sacco brought together 150 delegates for a comprehensive training at the Kitui Multipurpose Development Training Institute, underscoring its commitment to transparency, accountability, and member-driven leadership….

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…

SASRA warns of fragile SACCO funding structure as wealthy savers dominate majority deposits

Sacco ReviewMay 6, 202605 mins

The SACCO Societies Regulatory Authority (SASRA) has raised concerns over the stability of Kenya’s SACCO sector after new data revealed that the bulk of cooperative deposits are concentrated in a small fraction of wealthy accounts, even as millions of low‑value savers continue to join the movement. According to SASRA’s supervisory report, total deposit accounts rose…

Government securities lead SACCO investment portfolios as money market funds rise to 9 per cent

Sacco ReviewMay 4, 202603 mins

Government securities have emerged as the leading investment choice for regulated SACCOs, with money market funds also gaining traction and now accounting for 9 per cent of total financial investments. According to the Sacco Societies Regulatory Authority (SASRA), this marked a shift in strategy as SACCOs increasingly favour safer, more liquid assets to strengthen their…

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…