Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya/photo file
Government bans SACCOS from non-core investments amid financial crisis
The government has barred all Savings and Credit Cooperative Societies (SACCOs) in Kenya from investing in non-core business activities until proper regulations and supervisory frameworks are in place. This decision comes amid rising concerns over financial mismanagement and instability within the SACCO sector, which has seen some cooperatives plunge into financial turmoil due to unregulated…
