SACCO SOCIETIES REGULATORY AUTHORITY (SASRA)
Securing Sacco Funds
Earlier this week, the Authority participated in the launch of the 7th edition of the 2024 FinAccess Household Survey. The survey was made possible through a joint collaboration led by the Central Bank of Kenya (CBK), in partnership with the Kenya National Bureau of Statistics (KNBS), Financial Sector Deepening (FSD) Kenya and the Joint Financial…
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The Joint Financial Sector Regulators Forum (JFSR) concluded its 15th Annual Boards retreat on Friday, November 15, 2024 with the following resolutions that aim to strengthen Kenya’s financial ecosystem: Adopt a collaborative framework for testing crosscutting innovations and bolstering sector-wide cybersecurity regulations and internal frameworks. Conduct resolvability assessments for financial conglomerates and organize a national…
Earlier today, the Sacco Societies Regulatory Authority (SASRA), together with Financial Sector Deepening Kenya (FSD Kenya) and the International Fund for Agricultural Development in East Africa (IFAD), launched a report on the role of SACCOs as providers of international remittances in Kenya. The report highlights the significant yet underutilized potential of SACCOs in promoting financial…
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Nairobi, 11th September 2024 – The Cabinet Secretary for the Ministry of Cooperatives, Micro, Small & Medium Enterprises (MSMEs), Hon. FCPA Wycliffe Ambetsa Oparanya, EGH, officially released the SACCO Supervision Annual Report 2023 at an event held at the Sarova Panafric Hotel. The event was attended by the Principal Secretary, State Department of Cooperatives, PS…
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On Thursday 22nd August 2024, the Authority’s Chairman Hon Jack Ranguma, Board and Management, met with the Cabinet Secretary, Ministry of Co-operatives and Micro, Small & Medium Enterprises (MSMEs) Development Hon. FCPA Wycliffe Ambesta Oparanya, EGH for a brief on the status of the SACCO industry and emerging policy issues. Also present were the PS Patrick…
Hon. Simon Chelugui EGH, former Cabinet Secretary Ministry of Cooperatives and MSME Development yesterday presided over the inauguration of the SASRA Board of Directors at the Authority offices in Nairobi. In attendance was Patrick Kilemi, Principal Secretary, State Department for Cooperatives, and SASRA Senior Management led by the Chief Executive Officer, Mr. Peter Njuguna, EBS….
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The Approved and Registered Auditors list for the provision of External Auditing Services to Regulated Saccos in Kenya for the year 2024 has been published in line with Section 45(b) of the Sacco Societies Act (the Act), as read with the Authority’s Guidance Note on the Registration and Approval of External Auditors for Regulated SACCOs…
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On Monday 18th December 2023, the Sacco Societies Regulatory Authority (SASRA) held a tree-planting exercise at Machakos County’s Iveti Forest where about 2,700 indigenous species seedlings were planted. This aligns with the Presidential Directive on this noble task of planting 15 billion trees to raise the nation’s forest and tree cover percentage from 12% to…
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Public caution against undertaking regulated SACCO Business with unauthorized entities.
Communique of the 14th Retreat of the Joint Financial Sector Regulators Forum (JFSRF) that was held in Kwale County on November 17, 2023. The Forum was established in 2009 to collaborate on matters relevant to fostering overall financial sector stability and innovation to serve the people of Kenya.
