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

MPs question SASRA over alleged financial mismanagement, ownership disputes at Nandi Teachers Sacco

Sacco ReviewOctober 3, 202504 mins

The National Assembly’s Public Petitions Committee has questioned the Sacco Societies Regulatory Authority (SASRA) Acting CEO David Sandagi over the allegations of financial mismanagement and ownership disputes at Nandi Teachers Sacco. This comes after the Nandi Hills MP Bernard Kitur filed a petition which raised concerns about how the Sacco handled members’ funds and the…

SACCOs overtake banks in affordable loans amid overstretched liquidity

Sacco ReviewOctober 3, 202504 mins

Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…

Kenya’s Cooperative sector reels from Ksh3.49 Billion remittance crisis

Sacco ReviewOctober 2, 2025October 2, 202505 mins

Kenya’s cooperative banking sector, a cornerstone of financial inclusion for millions, is grappling with a deepening liquidity crisis, according to the Sacco Societies Regulatory Authority (SASRA) 2024 Supervision Report, released recently by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya. The report has exposes a staggering Ksh3.49 billion in unpaid salary deductions owed to 85…

Kenyan MPs’ Sacco loan defaults hit Ksh939 Million mark

Sacco ReviewOctober 2, 202508 mins

In a stunning revelation that exposes the gaping chasm between Kenya’s political elite and the everyday struggles of ordinary citizens, Members of Parliament, MPs have emerged as the top defaulters in the country’s Savings and Credit Cooperative (Sacco) sector, racking up nearly Ksh1 billion in unpaid loans by the end of 2024. According to the…

Coop tribunal to punish errant employers hoarding SACCO cash in the new Bill

Sacco ReviewSeptember 30, 202508 mins

The Cooperatives Bill, which is about to become law has put errant employers sitting on huge sums of cash in the form of remittance deductions meant for SACCOs, now estimated at Ksh 3.5 billion at unease state. The Cooperative Bill 2024, published as the National Assembly Bill No. 7 of 2024 on 9th February 2024, has…

35 SACCOs risk sanctions as SASRA heightens Anti-Money Laundering crackdown

Sacco ReviewSeptember 30, 202503 mins

Thirty-five savings and credit cooperatives (SACCOs) are staring at possible sanctions after failing to register with the Financial Reporting Centre (FRC) as required under new anti-money laundering regulations. This was revealed by SASRA adding that the stated saccos had not fully registered as reporting institutions mainly on the grounds that they had submitted incomplete applications,…

CS Oparanya bans use of loans to pay dividends to SACCO members

Sacco ReviewSeptember 28, 202504 mins

Cabinet Secretary for Co-operative and MSMEs, Wycliffe Oparanya has declared a suspension on new registrations and banned the use of loans to pay dividends to Sacco members. Speaking during the 34th Special General Meeting of Unaitas Sacco in Nairobi, CS Oparanya said the move is part of a stringent crackdown on poorly managed savings and…

Real Estate emerges biggest beneficiary from regulated SACCOs as education sector lags behind

Sacco ReviewSeptember 26, 202503 mins

The land and housing sector has once again topped the charts as the leading recipient of credit from regulated Savings and Credit Cooperative Organizations (SACCOs), according to the newly released SACCO Supervision Annual Report 2024 by the Sacco Societies Regulatory Authority (SASRA). The report, which was unveiled yesterday, reveals a steady upward trend in sectoral…

SASRA flags Ksh3.49 Billion Non-Remittance crisis, warns of looming SACCO instability

Sacco ReviewSeptember 26, 202504 mins

The SACCO Societies Regulatory Authority (SASRA) has sounded the alarm over a deepening non-remittance crisis that threatens the financial stability of Kenya’s regulated SACCOs. In its SACCO Supervision Annual Report 2024, the regulator revealed that employer institutions, many of them government-linked have failed to remit over Ksh 3.49 billion in member deductions, up from Ksh…

Matatu SACCOs risk shut down as CS Oparanya orders for review

Sacco ReviewSeptember 25, 202505 mins

Cabinet Secretary (CS) for Co-operatives and MSMEs Development, Wycliffe Oparanya, has raised concerns over the misclassification of Transport Cooperatives as Savings and Credit Cooperative Societies (SACCOs), urging for a comprehensive review of their structure and regulatory oversight. Speaking during the official release of the Sacco Supervision Annual Report 2024, Oparanya noted that several entities operating…