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 claimed was mismanagement of the savings and credit society's finances. Justice John Mativo in a constitutional ruling made in Mombasa on...

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

Digital lenders should self-regulate before Big Brother moves in

There is growing concern over the increasing number of unlicensed and unregulated financial products

Regulator raises red flag over Saccos’ status

Less than half of175 deposit-taking saccos would meet the minimum threshold of capital if all their customers claimed their contributions, SASRA says