Thirty-five SACCOs face sanctions as anti-money laundering rules tighten
Kenyan savings and credit cooperatives (SACCOs) are under intensifying regulatory scrutiny as the Sacco Societies Regulatory Authority (SASRA) moves to ...
Saturday, March 28, 2026
Tag: SACCOs
SASRA warns auditors over SACCO reporting failures
The Sacco Societies Regulatory Authority (SASRA) has issued a circular reminding external auditors of regulated SACCOs to comply fully with ...
2024 cooperatives bill seeks to modernize governance and member protection
Kenya’s cooperative sector, long hailed as the backbone of community enterprise, is set for a major overhaul under the proposed ...
Understanding the link between international aid and cooperative finance stability in Sub-Saharan Africa
International aid has long been recognized as a critical factor in supporting social and economic development in Sub-Saharan Africa. Beyond ...
SACCOs in Kenya: A homegrown path to wealth creation
Savings and Credit Cooperative Organizations (SACCOs) have long stood as pillars of Kenya’s financial landscape, offering an inclusive, grassroots model ...
SACCO’s at the heart of rural financial inclusion in Kenya
In much of rural Kenya where banking services remain out of reach for many due to challenges like long distances to banks and strict loan ...
Oparanya praises SACCO performance, calls for new governance reforms
Cabinet Secretary for Cooperatives and MSMEs Development, Wycliffe Oparanya, has praised Savings and Credit Cooperative Organizations (SACCOs) for their role ...
SASRA pushes for SACCO reform as dormant memberships climb to 1.45 million
The number of dormant memberships in Kenya's regulated Savings and Credit Cooperative Organizations (SACCOs) increased to 21.15% in 2023, up ...
Rise of Sacco deposits amid economic challenges
Data from the State Department of Cooperatives reveals savings and credit cooperative societies (Saccos) in Kenya witnessed a 15% growth ...
Why SACCOs are crucial in achieving affordable housing in Kenya
In 2021, the Kenya Mortgage Refinance Company (KMRC) successfully standardized mortgage origination processes for participating Savings and Credit Cooperative Societies ...
