State taps new team to review Sacco laws

Cooperatives and MSME Development CS Wycliffe Oparanya during a meeting with the National Assembly's Committee on Trade, Cooperatives and Industry over the 2025 Budget Policy Statement at Bunge Towers, Parliament. February 24th, 2025. (Elvis Ogina, Standard)

The government has enlisted the expertise of foreign SACCO executives to sanitise the local sector, following financial improprieties that have plagued the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO).

Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises Development (MSMEs), Wycliffe Oparanya, announced in a statement that he has appointed a committee of experts tasked with reviewing the laws governing the SACCO sector.