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Following the commencement of the Regulations, the Authority proposes to make an Order to be known as the Sacco Societies (Specified Non-Deposit Taking Business) (Levy) Order pursuant to section 15 of the Sacco Societies Act. The Authority has therefore prepared a Regulatory Impact Statement (RIS) to assess the impact of the Levy Order on the…

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The Authority has released the SACCO Supervision Annual Report, 2020. The report documents the performance, operations and activities of the Deposit-Taking SACCOs in Kenya for the period between January and December, 2020. It also documents the key legal and policy developments during the period, which had a direct or indirect impact of SACCO Societies and…

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The Central Bank of Kenya in Collaboration with Kenya National Bureau of Statistics (KNBS) and Financial Sector Deepening Trust ( FSD Kenya) released the 2021 FinAccess Household Survey. To so high a degree, the surveys are used to improve the understanding of the financial inclusion landscape from the consumer side.

The Authority signed a Memorandum of Understanding (MOU) with the Directorate for Criminal Investigations to formalize the establishment of the SACCO Fraud Investigations Unit(SFIU) on 19th November 2021.

The Authority in collaboration with the Kenya Forest Service in Machakos planted and donated a total of 2,500 tree seedlings in Mua Hills on 1st July 2021. The beneficiaries were Katangi Primary School, General Mua Environmental Initiative Group ( GMEI) and other local players.

The Non-Deposit Taking SACCOs are expected to comply by applying to the Authority within six months of the Regulations 2020 having come into legal effect (1st January, 2021), for authorization to operate.As a start, they are required to file their detailed particulars with SASRA within 30 days of a notice published in the national press…

Read More “Non-Withdrawable Deposit Taking Sacco now regulated” »