It will take effort to restore public trust in Saccos

The KUSCO scandal, with its billions of shillings in losses, is a stark reminder of the rot within Saccos. [File, Standard]

The Sacco sector in Kenya is facing its most severe crisis in decades, and the Sacco Societies Regulatory Authority (SASRA) has a monumental task ahead: restoring public confidence in a system that has been the backbone of financial inclusion for millions of Kenyans.

Unfortunately, SASRA has become part of the problem, failing to address systemic issues that have led to widespread mismanagement and fraud. This is not just a financial scandal-it is an economic crime of the highest order, with devastating consequences for ordinary citizens and the economy.