{"id":1025,"date":"2026-02-17T07:53:46","date_gmt":"2026-02-17T07:53:46","guid":{"rendered":"https:\/\/livenation254.com\/?p=1025"},"modified":"2026-02-17T13:19:08","modified_gmt":"2026-02-17T13:19:08","slug":"almost-5000-saccos-not-registered-under-sasra-as-regulator-signals-sweeping-reforms","status":"publish","type":"post","link":"https:\/\/livenation254.com\/?p=1025","title":{"rendered":"SASRA\u2019s David Sandagi Signals Bold Reforms for Kenya\u2019s Financial Sector"},"content":{"rendered":"\n<p><strong>By News Desk <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" data-id=\"1056\" src=\"https:\/\/livenation254.com\/wp-content\/uploads\/2026\/02\/1001691732-1024x683.jpg\" alt=\"\" class=\"wp-image-1056\" srcset=\"https:\/\/livenation254.com\/wp-content\/uploads\/2026\/02\/1001691732-1024x683.jpg 1024w, https:\/\/livenation254.com\/wp-content\/uploads\/2026\/02\/1001691732-300x200.jpg 300w, https:\/\/livenation254.com\/wp-content\/uploads\/2026\/02\/1001691732-768x512.jpg 768w, https:\/\/livenation254.com\/wp-content\/uploads\/2026\/02\/1001691732-1536x1024.jpg 1536w, https:\/\/livenation254.com\/wp-content\/uploads\/2026\/02\/1001691732-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<p><em><strong>The CEO of the Sacco Societies Regulatory Authority, David Sandagi<\/strong><\/em> during the Annual Saccos Leaders Convention.<\/p>\n\n\n\n<p>The CEO of the Sacco Societies Regulatory Authority, David Sandagi, has reaffirmed the regulator\u2019s commitment to strengthening transparency, accountability, and long-term stability within the SACCO sector.<\/p>\n\n\n\n<p>\u201cWe must focus on issues that directly affect members \u2014 transparency, good governance, and the future stability of SACCOs,\u201d the CEO stated.<\/p>\n\n\n\n<p><strong>Proposed Measures and Reform Agenda<\/strong><\/p>\n\n\n\n<p>SASRA has indicated plans to:Intensify registration and compliance enforcement for unregulated SACCOsPromote consolidation among smaller or undercapitalized SACCOsStrengthen prudential regulations and liquidity requirementsEnhance policy reforms to align the sector with modern financial standardsFully regulate SACCOs that lack sufficient capital and governance capacity.<\/p>\n\n\n\n<p>The regulator emphasized that consolidation and policy reform are aimed at safeguarding members\u2019 deposits and ensuring sustainable growth within the cooperative movement.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Sector at a CrossroadsKenya\u2019s SACCO movement remains one of the largest in Africa, mobilizing billions in savings and supporting millions of members.<\/p>\n\n\n\n<p>However, the revelation that thousands may be operating outside formal regulatory oversight has intensified calls for urgent reform.SASRA maintains that its reform agenda is designed not to stifle the cooperative spirit, but to secure the future of SACCOs and restore public confidence in the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By News Desk The CEO of the Sacco Societies Regulatory Authority, David Sandagi during the Annual Saccos Leaders Convention. The CEO of the Sacco Societies&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,30],"tags":[],"class_list":["post-1025","post","type-post","status-publish","format-standard","hentry","category-economy-and-investment","category-latest-updates"],"_links":{"self":[{"href":"https:\/\/livenation254.com\/index.php?rest_route=\/wp\/v2\/posts\/1025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livenation254.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livenation254.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livenation254.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/livenation254.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1025"}],"version-history":[{"count":4,"href":"https:\/\/livenation254.com\/index.php?rest_route=\/wp\/v2\/posts\/1025\/revisions"}],"predecessor-version":[{"id":1057,"href":"https:\/\/livenation254.com\/index.php?rest_route=\/wp\/v2\/posts\/1025\/revisions\/1057"}],"wp:attachment":[{"href":"https:\/\/livenation254.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livenation254.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livenation254.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}