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Cooperatives CS Wycliffe Oparanya during training for Shirikiana Sacco delegates at Masinde Muliro University of Science and Technology in Kakamega, on June 11, 2026. [Bernard Lusigi, Standard]
The government has warned over the rising number of Saccos being formed ahead of the 2027 General Election, saying that some are being established with the sole intention of defrauding unsuspecting Kenyans.
Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya said the government will tighten regulations in the cooperative sector to weed out dormant and fraudulent societies and ensure only viable institutions are allowed to operate.
Speaking at Masinde Muliro University of Science and Technology in Kakamega, during training for Shirikiana Sacco delegates, Oparanya said it has become common for individuals to form Saccos and conduct funds drives during the election period before they disappear with members' money.
