submitted about 1 year ago by Samuelwriter_ke
- The government is implementing strict measures to regulate SACCOs following a scandal involving KUSCCO, with new rules to prevent mismanagement of members' funds, such as regulating how dividends are declared and distributed.
- The Ministry of Co-operatives conducted inspections revealing financial irregularities like exaggerated dividends, leading to directives to control SACCO investments and ensure they focus on core functions like deposits and lending to prevent fund loss.
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