SACCOs News & Analysis | The Kenyan Wallstreet

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Wednesday, November 5, 2025

SACCOs

Sacco Regulator Clears New Saccos as Sector Tightens Compliance Rules

Sasra has licensed a new batch of Saccos to operate, as the regulatory body moves to balance its dual mandates to expand the sector while protecting members’ contributions

Fred Obura

9 days ago

35 SACCOs Risk Sanctions as Regulator Escalates Anti-Money Laundering Crackdown

Thirty-five savings and credit cooperatives (SACCOs) are staring at possible sanctions after failing to register with the Financial Reporting Centre (FRC) as required under new anti-money laundering regulations. SASRA noted: “A [...]

Fred Obura

a month ago

SACCOs Face KSh 3.5bn in Unremitted Funds from Employers

Kenya’s regulated savings and credit cooperatives (SACCOs) are facing renewed financial strain as non-remitted funds owed by employers jumped to KSh 3.49 billion in 2024, up from KSh 2.59 billion [...]

Fred Obura

a month ago

Kenya's Saccos Cross KSh 1 Trillion in Combined Assets

Kenyans are saving in, and borrowing more from, Saccos than ever before, pushing the sector’s assets past KSh1 trillion by the end of 2024, but the sector is grappling with [...]

Fred Obura

2 months ago

Co-op Bank SACCO Wins as Kenya Marks Global Cooperatives Year

Co-operative Bank of Kenya’s employer-based savings and credit unit, NWDT Sacco Society, has been ranked the best performing large- and medium-tier non-withdrawable deposit-taking (NDT) SACCO during the country’s 2025 Ushirika [...]

Brian Nzomo

4 months ago

Sacco Scandals Fire Gov't into Action, But Will Reforms Hold?

The government has moved to protect interest of members in the Savings and Credit Cooperative Societies (SACCOS) following growing cases of mismanagement leading to the total or near collapse of [...]

Fred Obura

5 months ago

Troubled KUSCCO to Auction 50 Properties in June

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) is preparing to auction off a portfolio of real estate assets in a nationwide campaign, with 50 properties slated to go [...]

Brian Nzomo

6 months ago

Metropolitan Sacco Penalised for Clinging to Member’s Deposit

The Cooperatives Tribunal has ordered struggling Metropolitan SACCO to refund a member’s Ksh 351,258.71 deposit plus costs and interest after failing to prove why it had not done it despite [...]

Fred Obura

8 months ago

Stima Sacco Shrugs Off KSh 108 Million KUSCCO Hit as Profits, Assets Surge in 2024

Stima Sacco is seeking to recover KSh 108 million it invested in the Kenya Union of Savings and Credit Cooperatives (KUSSCO) but says the amount is insignificant to its full-year [...]

Brian Nzomo

8 months ago

Troubled KUSCCO Auctions Members Properties

The troubled Kenya Union of Savings and Credit Cooperatives (KUSCCO) is auctioning multimillion properties of members, ostensibly for defaults, as it grapples with loss of funds due to mismanagement. In [...]

Fred Obura

9 months ago

SACCOs Bear the Financial Burden of Lost Investments in Troubled KUSCCO

SACCOs (Savings and Credit Cooperative Societies) that stashed huge sums of cash as deposits in the financially-crippled central finance facility at the Kenya Union of Savings Credit Cooperative Union (KUSCCO) [...]

Jackson Okoth

9 months ago

Gov't Warns SACCOs Against Paying Out Dividends While Indebted

The Ministry of Co-operatives and MSME development is worried about the long-term stability and financial integrity of Kenyan SACCOs, prompting strict regulatory requirements for dividend payouts. SACCOs are directed to [...]

Brian Nzomo

a year ago

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