Nairobi, July 9 -- For decades, Savings and Credit Co-operative Organisations (Saccos) have invested in managing risk, liquidity and governance risks. Our regulatory frameworks have been developed around these threats.

However, sacco leaders and regulators must now recognise misinformation as a financial risk. They must act before rumours become runs.

A misleading message circulating through social media platforms can potentially reach more members in a single afternoon than a quarterly financial report reaches in several months.

The challenge facing the sector is, therefore, no longer entirely financial. It is also informational. As the Sacco movement continues to grow, so too must its capacity to communicate quickly, transparently an...