SACCO SOCIETIES REGULATORY AUTHORITY (SASRA)
Securing Sacco Funds
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The Authority hosted officials from the Tanzania Cooperative Development Commission (TCDC) and the Savings and Credit Cooperative Union League of Tanzania (SCCULT) for a weeklong benchmarking tour last week. While addressing the delegates, SASRA CEO emphasized a key principle: SACCOs exist to serve their members, not just their leaders. The delegation gained insights into: Prudential…
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Earlier today, the Authority welcomed Mr. George Mwangi Maina, the newly appointed Board Member, to the Authority offices. He was received by Hon. Jack Ranguma, SASRA Board Chairman; Mr. Methuselah Rono, SASRA Board Member; Peter Njuguna, EBS, CEO SASRA; and Ms. Roselyn Ragama, Corporation Secretary and Director, Legal Department. Mr. Maina was appointed on 17th…
Earlier today, Hon. Wycliffe Oparanya, EGH, Cabinet Secretary for the Ministry of Co-operatives and Micro, Small, and Medium Enterprises (MSMEs), presided over the signing of Performance Contracts for the financial year 2024/2025. This pivotal event involved the Ministry’s State Departments and Semi-Autonomous Government Agencies (SAGAs) and underscores the Ministry’s commitment to fostering a culture of…
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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…
