Sacco shake-up to target fraud, says Oparanya

Co-operatives and MSMEs Cabinet Secretary Wycliffe Oparanya during Kuscco's 10th Sacco leaders' convention in Mombasa on February 18 2025. [Kelvin Karani, Standard]

Co-operatives and Micro, Small, and Medium Enterprises Cabinet Secretary Wycliffe Oparanya says the Sacco Societies Regulatory Authority (Sasra) will be given more supervisory powers to strengthen the Sacco movement in the country.

This follows revelations of Sh13.3 billion fraud at the country's apex cooperative body, Kenya Union of Savings and Credit Cooperatives (Kuscco).