SACCO Societies Act Stories

More SACCOs register with FRC to fight money laundering, terrorism financing

Mary Wambui | Oct 03, 2025

The FRC tracks suspicious financial activities through reports filed by banks, mobile money providers, forex bureaus, and SACCOs. SASRA supervises SAC...

SASRA on the spot over alleged mismanagement, wrangles at Nandi Teachers Sacco

Maureen Kinyanjui | Oct 03, 2025

National Assembly’s Public Petitions Committee, chaired by Muchangi Karemba, questioned David Sandagi on SASRA’s role in supervising the Sacco since i...

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...