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Originally published by The Standard Business
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February 18, 2026
2d ago

Banks target Kenya's Sh1 trillion SACCO sector as regulation tightens

Banks target Kenya's Sh1 trillion SACCO sector as regulation tightens

Kenya's mid-tier banks are strengthening ties with savings cooperatives as tighter regulation raises compliance costs for smaller SACCOs...

✨ Key Highlights

Mid-tier banks in Kenya are increasing their engagement with the country's huge SACCO sector, which has crossed Sh1.07 trillion in total assets, as tighter regulatory compliance requirements by SASRA strain smaller cooperatives.

  • The SACCO sector saw its membership grow from 6.84 million in 2023 to 7.39 million in 2024.
  • Sidian Bank sponsored the 5th Annual Kenya Teachers Sacco Association (KETSA) Leaders' Summit with Sh 2 million, signaling stronger bank-cooperative ties.
  • SASRA has introduced stricter licensing, mandatory reporting, and higher governance standards, including vetting of board directors, CEOs, and senior management.
  • A recent forensic audit revealed Kenya Union of Savings and Credit Cooperatives (KUSCCO) to be insolvent, with liabilities exceeding assets by Sh 12.5 billion, following governance failures.

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