Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises Development, Wycliffe Oparanya speaks during the 10th Annual Sacco Leaders Convention at PrideInn Hotel in Mombasa County on Tuesday, February 18, 2025.
Government to implement decisive measures to curb Saccos’ financial mismanagement
Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises Development, Wycliffe Oparanya, has assured that the national government is taking decisive steps to curb financial mismanagement in Saccos across Kenya. His remarks follow the alleged misappropriation of KSh 82.8 million at the Kenya Union of Savings and Credit Cooperatives (KUSCCO), raising concerns over financial…
KUSCCO officials charged in connection with KSh83m theft freed on KSh14.5m bail
Former officials of Kenya Union of Savings and Credit Cooperatives Limited (KUSCCO) who have been charged in connection with theft of KSh83 m from the union have been released on a cumulative KSh14.5 million cash bail. The five George Magutu Mwangi, George Otieno, George Owino, Jackline Atieno and Mercy Muthoni were presented in court on…
LVTA CEO calls for decentralization of Tourism Regulatory Authority to boost community-based projects
Lake Victoria Tourism Association Kenya (LVTA) CEO Charles Kataro now wants the Tourism Regulatory Authority functions decentralized to county governments to help oversee the implementation of community-based tourism projects. In his submission during a public participation forum on Tourism Policy and Tourism Amendment Bill 2024, in Kisumu, Kataro stated that the proposal would ensure revenue-sharing. He further…
Co-op Bank reduces base lending rate by 2 per cent to 14.5 per cent
The Cooperative Bank of Kenya customers can now smile all the way to the bank after the leading lender in the country announced that it has reduced its lending rate by 2 per cent. In a statement dated February 10, 2025 and signed by the Group’s Managing Director and Chief Executive Officer Dr. Gideon Muriuki,…
Kenya Shipyard to fabricate modern fibre boats for Kisumu County
The County Government of Kisumu has contracted Kenya Shipyard Limited to fabricate and supply six modern fiberglass boats for use in various landing beaches across the area. Making the announcement, Kisumu Governor Anyang’ Nyong’o said each of the modern boats is fitted with 25 to 40 horsepower engines and is fully equipped with cooler boxes…
Ministry of Lands raises alarm over forged title deeds at Kisumu land office
The Ministry of Lands, Public Works, and Housing and Urban Development raised the alarm over the high number of forged title deeds at the Kisumu land office. Cabinet Secretary for Lands, Public Works, and Housing and Urban Development Alice Wahome further noted that land disputes bordering on boundaries were also on the rise in Kisumu….
Embu Governor Cecily Mbarire seeking to boda boda riders in Runyenjes town in Embu
County when she urged them to come together under Saccos to access funding among other
benefits.
Embu moves to have all boda boda riders join saccos
The County government of Embu has launched campaigns to bring more than 8ooo boda boda riders under Savings and Credit Cooperative Societies (SACCOs) in a bid ensure soberness, decency and profitable financial management in the industry. In one of the most elaborate ever collaborations between the riders and the devolved government, Embu Governor Cecily Njagi…
Kamuthi Farmers Co-operative Society looses Ksh10 Billion land to Nairobi County
Kamuthi Farmers Cooperative Society Limited lost 176 acres of land in Kiambu worth Ksh 10 billion to Nairobi City County. The Sacco lost an appeal in court against the county government in pursuit of the land in a matter that has been prolonged in court for 33 years. Court of Appeal judges David Musinga, Sankale…
Tower Sacco expands to Nyeri as it marks 30th branch nationwide
Tower Sacco, one of Kenya’s leading Savings and Credit Cooperative Organizations, has officially opened its Nyeri branch, marking a significant milestone as the sacco now boasts 30 branches across nine counties. The grand opening was graced by H.E. David Kinaniri Waroe, representing Nyeri Governor H.E. Mutahi Kahiga, PhD., EGH. In his address, Waroe commended Tower…
Government urged to prioritize agriculture for national prosperity
Agriculture is often referred to as the backbone of any economy. Its significance extends beyond mere food production; it touches on various aspects of societal well-being, economic stability, and environmental sustainability. In recent years, the challenges posed by climate change, population growth, and economic fluctuations have highlighted the urgent need for governments to prioritize the…
