SACCO Societies Act,Sacco Societies Bill Stories
The FRC tracks suspicious financial activities through reports filed by banks, mobile money providers, forex bureaus, and SACCOs. SASRA supervises SAC...
National Assembly’s Public Petitions Committee, chaired by Muchangi Karemba, questioned David Sandagi on SASRA’s role in supervising the Sacco since i...
Deposit-taking Saccos, which dominate the industry with over 80 per cent of assets, loans, and deposits, showed improved financial strength.
Currently, Sasra only oversees Saccos with deposits of Sh100 million or more, leaving many smaller co-operatives under the Commissioner of Co-operativ...
The Central Bank of Kenya raised the base lending rate to 13 per cent in February 2024 and maintained it until August, driving some commercial lenders...
CS Wycliffe Oparanya said county administrations have withheld millions of shillings deducted from Sacco members, especially medical staff, plunging s...
The proposed changes, introduced through the Sacco Societies (Amendment) Bill, 2025 by Majority Leader Kimani Ichung’wah, aim to offer financial prote...
In a statement issued on Wednesday, Oparanya said the experts would be responsible for reviewing the legislation and proposing amendments to enhance t...
The fraud, which occurred between January 2016 and June 2021, was uncovered by Reuben Gitahi & Associates Forensic Services, a firm hired by Energy Sa...
These saccos are said to have met the necessary regulatory requirements and are authorised to operate from January 1, 2025, to December 31, 2025.
