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HomeDaily NewsTuesday, September 29, 2026Counties, Public Universities Lead in Sh3.92bn Unremitted Sacco Deductions - September 2026
Business & Economy3 stories from 1 sources

Counties, Public Universities Lead in Sh3.92bn Unremitted Sacco Deductions - September 2026

Employers in Kenya failed to remit Sh3.92 billion in SACCO deductions in 2025, impacting over 104,000 members according to the SACCO Societies Regulatory Authority. Women continued to dominate employment in Kenya's regulated SACCO sector, with their numbers growing faster than men's in 2025. Former Central Bank of Kenya Governor Patrick Njoroge proposed that mobile money firms share income generated from customer funds held in trust with users. These developments highlight ongoing challenges and evolving dynamics within Kenya's savings and credit cooperative sector.

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Tuesday 3:00 PMCapital Business

Counties, public universities lead in Sh3.92bn unremitted Sacco deductions

Counties, public universities lead in Sh3.92bn unremitted Sacco deductions

Employers in Kenya failed to remit a staggering Sh3.92 billion in SACCO deductions in 2025, impacting over 104,000 members, according to the SACCO Societies Regulatory Authority (SASRA).

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Key Highlights

Employers in Kenya failed to remit a staggering Sh3.92 billion in SACCO deductions in 2025, impacting over 104,000 members, according to the SACCO Societies Regulatory Authority (SASRA).

  • The total unremitted amount represents a significant increase from Sh3.49 billion in 2024.
  • County governments and assemblies were the largest defaulters, owing Sh1.884 billion.
  • Public universities and tertiary colleges followed, with Sh725.91 million in unremitted funds.
Tuesday 8:27 AMCapital BusinessFirst

Women outnumber men in Sacco workforce

Women outnumber men in Sacco workforce

Women continue to dominate employment in Kenya's regulated SACCO sector, with their numbers growing faster than men's in 2025. This trend sees women making up a larger proportion of the workforce compared to the previous year.

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Key Highlights

Women continue to dominate employment in Kenya's regulated SACCO sector, with their numbers growing faster than men's in 2025. This trend sees women making up a larger proportion of the workforce compared to the previous year.

  • Women accounted for 52.18% of the SACCO workforce in 2025, an increase from 51.49% in 2024.
  • The SACCO Supervision Annual Report 2025 highlights a growth of 8.4% in female employees.
  • Despite overall female dominance, men still hold the majority of CEO positions, though women's representation in these roles increased to 36.90% in 2025.
Tuesday 10:42 AMCapital Business

Ex-CBK Governor Njoroge wants mobile money firms to share trust fund income

Ex-CBK Governor Njoroge wants mobile money firms to share trust fund income

Former Central Bank of Kenya (CBK) Governor Patrick Njoroge is proposing that mobile money firms share income generated from customer funds held in trust with users.

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Key Highlights

Former Central Bank of Kenya (CBK) Governor Patrick Njoroge is proposing that mobile money firms share income generated from customer funds held in trust with users.

  • Njoroge suggests requiring payment service providers (PSPs) to make “bonus payouts” to wallet holders from earnings on funds held in trust, after deducting administrative costs.
  • The proposal was submitted as comments on the draft National Payment System Policy, August 2026.
  • This initiative aims to strengthen competition and consumer protection in Kenya's digital payments market.
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