The Sacco Societies Regulatory Authority (SASRA) has entered a new leadership phase following the handover of office by outgoing Chief Executive Officer, Mr. Peter Njuguna, EBS, to CPA David Sandagi, who assumes the role in an acting capacity effective 18th August 2025. The hand over exercise that took place at the Authority offices was witnessed by Hon. Jack Ranguma the Board Chairperson and Director George Mwangi.
Mr. Njuguna joined the Authority on 1st June 2010, serving as Chief Manager in the Sacco Supervision Department, before his appointment as the Chief Executive Officer on 17th August 2021. His exit marks a remarkable four-year tenure growth of the SACCO subsector and significant regulatory reforms.
During his stewardship, Kenya’s Regulated SACCO industry registered tremendous growth in key financial pointers of assets, loans, member deposits as well as membership, currently standing at over 7million. His tenure also heralded the commencement of prudential regulation of the industry, and standardization of institutional stability measurement.
Beyond financial growth, Mr. Njuguna’s tenure will be commemorated for ushering in key reforms that strengthened the regulatory framework and aligned Kenya’s SACCO industry with international standards. Among other notable milestones were his lead role during the expansion of the regulatory scope through the onboarding of Non-Withdrawable Deposit-Taking SACCOs (NWDTs), spearheading the review of the SACCO Societies Act and Regulations to reflect evolving market dynamics and technological innovations. He was also instrumental in championing initiatives to improve stability of the Sacco ecosystem, instilling measures to enhance good corporate governance and providing leadership in measures to improve financial inclusion through policy and legal frameworks on shared services.
Through his efforts, Kenya hosted the International Credit Union Regulators’ Network (ICURN) Conference in July 2024, the first time ever in Africa, cementing Kenya’s leadership in cooperative finance.
As he begins a new chapter and hands over to CPA David Sandagi, Mr. Njuguna leaves behind a stronger and a more resilient SACCO Sector, and wishes SASRA team a more financially inclusive, member centric and stable SACCO industry.
The Board of Directors, Management and staff extend their gratitude for his diligent service and wishes him all the best in his endeavours.
