Savers risk losing billions of shillings in co-operatives

Ekeza Sacco members demonstrate in Nairobi, demanding the prosecution of the institution’s founder, David Kariuki Ngari, earlier this year. [File, Standard]

Savers risk losing billions of shillings as authorities crack the whip on co-operatives.

Thousands of institutions are facing imminent closure as a result of mismanagement that has plunged them into financial distress.