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Originally published by Capital Businessbusiness
June 9, 2026
4h ago
Sasra appoints new ceo amid troubles in Sacco sector
The leadership transition comes at a critical time for the SACCO sector, which has faced heightened regulatory scrutiny following the collapse of the Kenya Union of Savings and Credit Co-operatives and the subsequent loss of an estimated Sh13.3 billion by SACCOs. Kenya breaking n..
✨ Key Highlights
Sasra has appointed David Sandagi as its new Chief Executive Officer, taking over from Peter Njuguna.
- The appointment comes amid significant troubles in the Sacco sector, following the collapse of the Kenya Union of Savings and Credit Co-operatives, which resulted in an estimated loss of Sh13.3 billion.
- Key organizations involved include the Sacco Societies Regulatory Authority (Sasra) and the Ministry of Cooperatives.
- Sasra has imposed restrictions on several deposit-taking SACCOs, including Dumisha SACCO and Bi-High SACCO, preventing them from receiving new member deposits as part of intensified oversight.
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