The government has embarked on an appraisal of the Sacco Societies Act 2008 in order to strengthen and restore trust, transparency and accountability in the cooperatives sub-sector.
Prime Cabinet Secretary Musalia Mudavadi said the reforms further aim to root out graft by rogue officials whose actions have disillusioned society members and soiled the image of Sacco societies in the country. "This comprehensive framework aims to establish a more robust, transparent, and accountable sector.
It is also intended to root out the impropriety and malfeasance perpetrated by a few officials whose actions have stained the reputation of an otherwise noble movement," Mr Mudavadi stated.
While delivering a speech on behalf of President William Ruto during Ushirika Day celebrations at KICC, the Prime Cabinet Secretary said the government has constituted a high-level committee of experts comprising both international professionals and distinguished local practitioners to undertake a comprehensive review of the Sacco sub-sector legal framework.
