the Sacco Societies Regulatory Authority - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

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…

Oparanya declares digital compliance mandatory for SACCO licensing

Sacco ReviewApril 12, 202604 mins

Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, has announced that no Savings and Credit Cooperative Society (SACCO) will be licensed to operate unless it demonstrates full commitment to digital transformation. Speaking at the recent Leadership, Ethics and Strategic Governance Forum, Oparanya warned that failure to modernize would erode public trust and ultimately destroy…

SASRA orders SACCOs to bolster cyber-security ahead of holiday attack risks

Sacco ReviewApril 2, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has directed all regulated SACCOs to institute round‑the‑clock surveillance and mandatory offline data back‑ups of their digital platforms, warning of heightened cyber‑attack risks during the upcoming Easter and Labour Day holidays. According to SASRA, analysis of past incidents shows cyber‑attacks peak during long weekends and public holidays, particularly in…

CEOs and CFOs to sign SACCOs audited accounts as SASRA tightens accountability

Sacco ReviewDecember 20, 2025December 20, 202506 mins

Chief Executive Officers (CEOs) and Chief Finance Officer or Finance Manager (CFO or FM) of Savings and Credit Cooperative Organisations (SACCOs) must now sign audited financial statements alongside authorized board signatories, a move aimed at cementing personal and collective responsibility for financial reporting in the cooperative sector. The Sacco Societies Regulatory Authority (SASRA) announced the…

The perils of playing guarantor in your SACCO

Sacco ReviewDecember 16, 2025011 mins

Listen up, SACCO members: If you’re about to slap your signature on a loan guarantee form for a colleague or another member, pause. 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…