David Obonyo on measures to secure Saccos sub-sector following Kuscco, Metropolitan Sacco scandals

david obonyo 27feb25

Commissioner of Co-operatives David Obonyo.

Photo credit: Joseph Barasa | Nation Media Group

Commissioner of Co-operatives David Obonyo spoke to the Business Daily on the state of the Sacco subsector following financial scandals at the Kenya Union of Savings and Credit Co-operatives (Kuscco) and the Metropolitan National Sacco that have put billions of shillings worth of members funds at risk of loss, causing jitters.

What is the state of Kenya’s Sacco subsector in the wake of a fallout of the Kenya Union of Savings and Credit Co-operatives (Kuscco) and the Metropolitan National Sacco? Are there others facing challenges?

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