CS OPARANYA ON KUSCCO REFORMS
Автор: ROYAL ADVANCED NET TV
Загружено: 2025-12-13
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he government has announced far-reaching reforms to restore stability and safeguard member savings in the Sacco sector, following last year’s governance failures that saw KUSCCO lose Sh13 billion and Metropolitan Sacco members lose Sh7 billion.
Speaking at the opening of the 10th KUSCCO Annual Leaders’ Summit at Sarova Whitesands Hotel in Mombasa, Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, reaffirmed the state’s commitment to tightening oversight and protecting depositors.
“We must ensure legislation protects members’ savings,” Oparanya said, stressing that amendments to the Sacco Societies Act will entrench transparency, digital integration, and institutional accountability across the industry.
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