Warning to Kenyan Cooperatives: Unethical Practices Threaten Financial Stability
The cooperative sector is being urged to uphold ethical standards amid growing concerns over unsustainable financial practices. Cooperative and MSMEs Development Cabinet Secretary Wycliffe Oparanya has raised alarms about cooperatives borrowing excessively to pay dividends, a trend that misrepresents their true financial health. Oparanya warned that some sacco leaders are prioritizing payouts over prudent financial […]