NAIROBI, Kenya, June 9 – The Sacco Societies Regulatory Authority (Sasra) has confirmed the appointment of David Sandagi as its substantive Chief Executive Officer after serving in an acting capacity since August 2025.
Sandagi’s appointment was approved by the Head of Public Service and the Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises Development.
Announcing the appointment, Wycliffe Oparanya said Sandagi would continue steering the regulator’s transformation and oversight agenda.
“Having successfully served in an acting capacity since August 2025, Mr. Sandagi will continue to provide strategic leadership and drive the Authority’s growth and transformation agenda,” Oparanya said.
Sandagi takes over from Peter Njuguna, whose tenure ended after he opted not to seek a renewal of his term.
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.
The scandal prompted regulators and the Ministry of Cooperatives to intensify oversight, particularly on governance, financial reporting and compliance requirements across the sector.
As part of the crackdown, Sasra imposed restrictions on several deposit-taking SACCOs, including Dumisha SACCO, Bi-High SACCO, Metropolitan SACCO, Ol’Kaunsel SACCO and Digital Media SACCO, barring them from receiving new member deposits while allowing them to continue lending operations.
Meanwhile, licences for Pesa SACCO and Nufaika SACCO were revoked after the institutions failed to renew their licences and opted to merge.
