Sacco Societies Stories

CS Oparanya calls for mergers to stabilise small SACCOs, strengthen sector
Maureen Kinyanjui  |  Sep 26, 2025

Currently, Sasra only oversees Saccos with deposits of Sh100 million or more, leaving many smaller co-operatives under the Commissioner of Co-operativ...

Saccos outpace banks with affordable loans, but face liquidity challenges - Sasra
Maureen Kinyanjui  |  Sep 16, 2025

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...

Oparanya faults counties for SACCO liquidity crisis, says non-remittance crippling operations
Lucy Mumbi  |  Aug 06, 2025

CS Wycliffe Oparanya said county administrations have withheld millions of shillings deducted from Sacco members, especially medical staff, plunging s...

New Bill proposes deposit guarantee, liquidity regulation in SACCOs
Maureen Kinyanjui  |  Jul 25, 2025

The proposed changes, introduced through the Sacco Societies (Amendment) Bill, 2025 by Majority Leader Kimani Ichung’wah, aim to offer financial prote...

CS Oparanya appoints team to review SACCO Societies Act, appoints new KUSCCO Board
Lucy Mumbi  |  Apr 16, 2025

In a statement issued on Wednesday, Oparanya said the experts would be responsible for reviewing the legislation and proposing amendments to enhance t...

Ghost shareholding, fake loans used to steal Sh82.3 million from Energy Sacco - report
Lucy Mumbi  |  Feb 27, 2025

The fraud, which occurred between January 2016 and June 2021, was uncovered by Reuben Gitahi & Associates Forensic Services, a firm hired by Energy Sa...

Saccos regulatory agency releases list of institutions licensed to operate in Kenya
Maureen Kinyanjui  |  Jan 28, 2025

These saccos are said to have met the necessary regulatory requirements and are authorised to operate from January 1, 2025, to December 31, 2025.

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