Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Losing money by dropping it carelessly while taking a leisurely walk is a painful thing. But losing money that you have been agonizingly saving in a Savings and Credit Cooperative Societies (Saccos) for years is a life-changing event that can sink you into penury for the rest of your life. That is why protecting Sacco…
The government is planning to establish a new regulatory authority to safeguard billions of shillings in non-Sacco cooperatives, a move aimed at addressing critical oversight gaps that have left thousands of Kenyans, especially farmers, vulnerable to financial loss. This was revealed by the Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe…
Sacco Societies Regulatory Authority (SASRA) has released the Quarterly Statistical and Soundness Report for the period October to December 2025, providing a comprehensive overview of the performance, growth and financial stability of Regulated SACCOs in Kenya The report indicated that by December 2025, total assets of regulated SACCOs had grown to Ksh 1.21 trillion, up…
The Sacco Societies Regulatory Authority (SASRA) has announced a vacancy for the position of Chief Executive Officer (CEO), setting the stage for the recruitment of a substantive head to steer the regulation of Kenya’s SACCO sector. In a notice on Tuesday, February 24, inviting applications, the Authority said the successful candidate will be appointed on…
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…
The Sacco Societies Regulatory Authority (SASRA) has suspended five SACCOs from receiving deposits, allowing them to operate under restricted credit-only permits. According to the Authority, those affected by the measures include Dumisha SACCO Society Ltd, Bi-High SACCO Society Ltd, Metropolitan National SACCO Society Ltd, Ol’Kaunsel Regulated Non-WDT SACCO Society Ltd, and Digital Media Regulated Non-WDT…
Siraji Savings and Credit Co-operative Society Ltd has received Ksh170 million financing boost from the AVLC Group, marking the latest disbursement under a World Bank-backed financing programme aimed at revitalising Micro, Small and Medium Enterprises (MSMEs) in Kenya that were adversely affected by the Covid-19 pandemic. Siraji Sacco, a SASRA-compliant cooperative society, supports small and…
Listen up, SACCO members: If you’re about to slap your signature on a loan guarantee form for a colleague or another member, pausing. Take a deep breath. Then shred that thing unless you’ve done your homework. In the cutthroat world of cooperative lending, guaranteeing a loan isn’t some noble act of camaraderie—it’s a financial landmine…
The government, through the Sacco Societies Regulatory Authority (SASRA), has directed all Savings and Credit Cooperative Organisations (SACCOs) to submit their audited financial statements by March 15, 2026, as part of regulatory compliance measures. In a notice issued on January 9, SASRA said the submission window will run from January 1 to March 15, 2026,…
Co-operative societies have been warned against placing members’ savings in unregulated institutions, with the government saying the practice violates the law and exposes depositors to serious financial risk. The Commissioner for Co-operative Development, David Obonyo, said some societies are ignoring statutory safeguards by investing funds in entities that fall outside the country’s regulatory framework. In…
