- 551 views
The SACCO societies regulatory authority (sasra), now says that in the coming financial year savings and credit cooperatives will be required to incorporate credit information sharing in their operations, to enhance safety lending. Speaking during the SACCO leadership forum 2025, Sasra CEO Peter Njuguna noted that the regulator is working on policy changes that will make these declarations mandatory. According to sector players, gaps in SACCO's use of credit information sharing threaten the growth and stability of the sector.
Regulating SACCOs
- 22 Mar 2025 - Detectives in Kirinyaga County have arrested a 24-year-old man accused of murdering his lover and burying her body in a septic tank at their family homestead in Ngurubani town, Mwea East sub-county.
- 22 Mar 2025 - Ethiopia said on Friday it had issued its first investment banking licenses to two local companies, the latest effort by the government of Prime Minister Abiy Ahmed to open up the economy of more than 100 million people to private capital.
- 22 Mar 2025 - Uganda's parliament has approved a government request to borrow Ksh.24.5 billion from Stanbic Bank to compensate power distributor Umeme Limited for unrecovered investments after its concession expires, the energy minister said.
- 22 Mar 2025 - China's cyberspace regulator on Friday published regulations governing the use of facial recognition technology, separately stating that individuals should not be forced to verify their identity using such technology.
- 22 Mar 2025 - Last year was the deadliest year for migrants, with nearly 9,000 people dying worldwide, the United Nations said on Friday, calling the "tragedy... unacceptable and preventable".
- 22 Mar 2025 - Iran's supreme leader said on Friday that US threats against his country "will get them nowhere", after President Donald Trump warned of possible military action against the Islamic republic.
- 22 Mar 2025 - The Ombudsman has issued a 60-day ultimatum to the ministry to solve the pending complaints.
- 22 Mar 2025 - Presidential aspirant and Busia Senator Okiya Omtatah is currently on a nationwide tour aimed at gathering and consolidating the views of Kenyans to inform his political manifesto ahead of his campaign launch. This initiative underscores, chairperson of…
- 22 Mar 2025 - AstraZeneca said on Friday it will spend Ksh.323 billion on a research and development hub in Beijing, as the drugmaker scrambles to revive business in its second-biggest market after scandals including the arrest of its China president last year.
- 22 Mar 2025 - After months of keeping Kenyans guessing over his political arithmetic on Mt Kenya, President William Ruto is now set to visit the politically-charged region with his first stop-over in Mathira, the home turf of his former deputy Rigathi Gachagua. Ruto…