Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Sacco boards must nominate at least three eligible external auditors for members to vote on during the Annual General Meeting (AGM). The selected auditor’s appointment must be submitted to SASRA within 30 days, together with certified AGM minutes. External auditors should rotate after three years unless SASRA grants a waiver, while any midterm removal requires…
Wakenya Pamoja Sacco assets surpass Ksh2 billion Membership grows to more than 148,000 Sacco plans expansion beyond Kisii Nyanza Wakenya Pamoja Sacco Society (WPS) Limited has reported an asset base exceeding Ksh2 billion, with deposits of over Ksh952 million and share capital surpassing Ksh624.7 million, as the deposit- taking Sacco continues its expansion across the…
247 Saccos cut or skipped dividends after regulators directed them to retain earnings and strengthen capital reserves. The move aims to improve liquidity, protect members’ savings and support affordable lending despite strong sector growth. Regulated Saccos grew assets to Ksh727.1 billion, while the wider sector’s assets surpassed Ksh1.2 trillion in 2025. Kenya’s Savings and Credit…
Saccos disbursed Ksh33.7 billion for land and housing, an 18% increase from Q1 2025. Total Sacco lending rose to Ksh115.7 billion, with education and agriculture among the top sectors financed. Sacco assets grew to Ksh1.21 trillion, while member deposits reached Ksh870 billion in Q1 2026 A large portion of credit disbursed by Savings and Credit…
SASRA showcased Kenya’s cyber resilience strategy for SACCOs at the 2026 ICURN Annual Conference in Mumbai. CEO David Sandagi outlined the regulator’s response to cyber threats, digital risks and incident preparedness. The SACCO Societies Regulatory Authority (SASRA) has detailed its supervisory response to a live cyber crisis, in a presentation by its Chief Executive Officer(CEO),…
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…
Hazina Sacco has assured members their deposits remain safe and are protected under the Sacco Societies Act and SASRA regulations. The Sacco dismissed rumours that members’ savings would be used to finance the National Infrastructure Fund, urging members to remain calm. The National Treasury and State Department for Cooperatives have also denied the claims, saying…
Registration for the 2026 SACCA Congress in Dar es Salaam is now open, with early bird rates available until August 17, 2026. Kenya is expected to send one of the largest delegations, backed by its strong ties with ACCOSCA and growing role in Africa’s cooperative movement. Registration has opened for the 26th Savings and Credit…
SASRA says proposed SACCO Bill will establish a Deposit Guarantee Fund to protect members’ eligible savings. Regulator says reforms will strengthen liquidity management and improve stability across the SACCO sector. Clarification comes amid misinformation linking members’ savings to the National Infrastructure Fund. The Sacco Societies Regulatory Authority (SASRA) has clarified that the proposed Sacco Societies…
Mentor Sacco has grown into a Tier 1 Sacco with over Ksh18.47 billion in assets. Members earned a 15% dividend and 12.5% interest on deposits in 2025. The Sacco is expanding through digital services, new products and membership growth As Kenya joined the rest of the world in celebrating the International Day for Co-operatives on…
