CAK Chief Executive Officer Daniel Marube

Marube warns against rushed reforms in cooperatives, calls for more public participation

Cooperative Alliance of Kenya (CAK) Chief Executive Officer Daniel Marube has cautioned the government against rushing reforms in the cooperative sector, warning that hurried implementation of the proposed delegate system could undermine governance and erode member confidence. He called for more time to allow public participation and member education, particularly in rural and agricultural cooperatives….

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Cooperatives PS-Patrick Kilemi speaking during the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs-Photo|Courtesy

PS Kilemi warns SACCOS against risky investments outside regulatory framework

Cooperatives Principal Secretary (PS) Patrick Kilemi has warned Savings and Credit Cooperative Organizations (SACCOs) against venturing into unregulated investments, urging stronger governance structures and tighter internal controls to protect member funds. Speaking at the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, PS Kilemi said the growing appetite for investments outside the regulatory framework…

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