Nairobi, September 25, 2025: Earlier today, the Cabinet Secretary for Co-operatives and MSMEs Development, Hon. FCPA Wycliffe A. Oparanya, EGH, officially launched the SACCO Supervision Annual Report 2024.
The report, which is published annually by the Sacco Societies Regulatory Authority (SASRA), provides a comprehensive review of the operations and performance of Regulated SACCO Societies in Kenya. It highlights the sector’s growth, resilience, compliance levels, and its significant role in driving Kenya’s socio-economic development.
Key Performance Highlights include increase of Membership from 6.84 million (2023) to 7.39 million (2024). Deposits grew from Kshs. 682 billion (2023) to Kshs. 749 billion (2024) and total assets rose from Kshs. 972 billion (2023) to Kshs. 1.07 trillion (2024). These indicators reflect stability and progressive achievement within the regulated SACCO sector.
In his address, Hon. Oparanya urged Kenyans to be vigilant when engaging with SACCOs:
“I call upon the public to cease and desist from undertaking or transacting SACCO business with unregulated and pyramid-styled entities purporting to be SACCOs when they are not.”
As SASRA charts the way forward, its regulatory and supervisory strategies will focus on key issues including Macro-economic factors, Member exits and refund claims, Global geo-political policy shifts and Interest rate and foreign exchange risks
The Authority reaffirmed its commitment to innovation, equity, and impact in safeguarding member deposits and ensuring sector stability.
Also in attendance were representatives from SACCOs, stakeholders in the cooperative movement, and members of the media who provided live coverage of the event.
Access the Full Report
The SACCO Supervision Annual Report 2024 is now available for download on the SASRA website:
👉 Download Here
