SASRA
SACCOs in Governance Crisis: Only 19 Meet Set Compliance Levels
SACCOs (Savings and Credit Cooperative Societies) that are licensed to engage in deposit-taking business have been warned about declaring Dividends and Rebates from...
JACKSON OKOTH2 Mins read
SASRA Stops 5 SACCOs from Receiving Member Deposits
SASRA(Sacco Societies Regulatory Authority) has suspended 5 SACCOs from receiving deposits, allowing them to operate under restricted credit-only permits. Those affected by the...
JACKSON OKOTH2 Mins read
SACCO to Have Heated Annual Gatherings As Dividends Fall
SACCO (Savings and Credit Cooperative Societies) members are likely to turn noisy, stormy and acrimonious during the upcoming stormy 2026 Annual Delegates Meetings(ADMs)....
JACKSON OKOTH3 Mins read
SACCO Loans for Land and House Purchases fall to KSh32.7Bn In September
SACCOs (Savings and Credit Cooperative Societies disbursed loans to members seeking to purchase land or a house totalling to KSh 32.7 Billion according...
JACKSON OKOTH3 Mins read
SASRA Cracks Down on Auditors Over Delayed 2024 Statutory Reports
The Sacco Societies Regulatory Authority (SASRA) has moved to tighten compliance among auditors handling regulated Saccos by issuing a 30-day ultimatum to those...
SABRINA BT1 Mins read
Delay in Cash Refunds Tops SACCO Member Complaints
Delay by Savings and Credit Cooperative Societies(SACCOs) in refunding cash to members who have exited the Society or intend to transfer their shares...
JACKSON OKOTH3 Mins read
SACCOs Widen Loan Offerings to Fight Off Digital Lenders
Savings and Credit Cooperative Societies (SACCOs) are busy digging in and expanding their product offering into digital and micro-credit loans to ward off...
JACKSON OKOTH2 Mins read
Court Dismisses Petition Against Bandari Sacco Management
A judge in Mombasa has dismissed a multi-million shilling case in which Bandari Sacco had been sued by a member over what he...
BT Reporter2 Mins read
Return of Pyramid Schemes and Financial Fraudsters
Kenyans financially strained by the COVID-19 pandemic could easily fall prey to fraudulent dealers who promise instant riches
BUSINESS TODAY4 Mins read
