Shirikiana Sacco Launch set to drive grassroots Wealth Generation in Western Kenya
Savings and Credit Cooperative Societies (Saccos) have been cited as a strategic vehicle for driving investment, savings, and a culture of entrepreneurship to help create wealth at Kenya’s grassroots. Speaking at the official launch of Shirikiana Sacco at Masinde Muliro University in Kakamega County, President William Ruto, who was the guest of honor, described the…
IG SACCO wins top award at Kakamega Agricultural Show
IG SACCO has been named the Best Financial Institution Other Than Bank at the Kakamega Agricultural Show, earning first prize in a category that highlights institutions driving financial inclusion and community growth. The award was presented by Kakamega County Governor Fernandes Barasa, who commended the cooperative for its role in offering impactful financial solutions to…
Speaker Moses Wetang’ula Speaking during the launch of Shirikiana Sacco-Photo|Courtesy
Wetang’ula urges MPs to seal loopholes in cooperative laws to protect members’ savings
National Assembly Speaker Moses Wetang’ula has called on Members of Parliament to urgently review Kenya’s cooperative laws and close loopholes that expose members’ savings to mismanagement and loss. Speaking during the launch of Shirikiana Sacco, Wetang’ula warned that weak governance systems continue to endanger resources in cooperative societies, stressing the need for stronger oversight and…
CS Oparanya Speaking during training for Shirikiana Sacco delegates-Photo|Courtesy
Government warns against fraudulent Saccos formed ahead of 2027 polls
The government has raised alarm over the rising number of Savings and Credit Cooperative Societies (Saccos) being registered in the run‑up to the 2027 General Election, warning that many are being formed with the sole intention of defrauding unsuspecting Kenyans. Cabinet Secretary for Cooperatives and MSMEs Development Wycliffe Oparanya said the ministry will tighten regulations…
President William Ruto leads the official unveiling of Shirikiana Sacco in Kakamega at Masinde Muliro University during the launch event attended by senior government officials and local leaders on Saturday, June 13, 2026-Photo|Courtesy
Ruto launches Shirikiana Sacco, hails cooperative model as key to economic transformation
President William Ruto has launched Shirikiana Sacco, a new cooperative financial institution designed to expand access to savings, affordable credit and investment opportunities, in what he termed a landmark initiative set to transform livelihoods across Western Kenya and beyond. The launch, held at Masinde Muliro University of Science and Technology in Kakamega County, brought together…
President William Ruto leads the official unveiling of Shirikiana Sacco in Kakamega at Masinde Muliro University during the launch event attended by senior government officials and local leaders on Saturday, June 13, 2026-Photo|Courtesy
President Ruto commits KSh50 million to Shirikiana Sacco at launch
President William Ruto has committed KSh50 million to Shirikiana Sacco, pledging personal membership and investment in the newly launched cooperative at its unveiling at Masinde Muliro University of Science and Technology in Kakamega County on Saturday, June 13, 2026. In his address, President Ruto said he had agreed with Cooperatives and MSMEs Development Cabinet Secretary…
Gideon Kipyakwai, Chief Executive Officer of CRB-Photo|File
Women entrepreneurs still locked out of credit despite growing role in local economy
Women‑owned enterprises continue to face significant barriers in accessing business financing despite their expanding role in Kenya’s economy, new data shows. Figures released by Metropol Credit Reference Bureau (CRB) reveal that female‑led businesses account for just 27 per cent of outstanding MSME credit value, compared to 73 per cent for male‑owned firms. This means that…
CS Wycliffe Oparanya. Photo/File
Why more women need to join the cooperative movement, CS Oparanya
Socio-cultural norms, lack of information, and male-dominated management in key sectors also limit participation. Martin Gichangi, an economist in Nairobi says women mostly shun Saccos in Kenya due to low disposable Incomes. By Mwiti Mukunga Fewer women join Savings and Credit Cooperative Societies (Saccos) in Kenya compared to men which is detrimental to the overall…
President Ruto to grace the launch of Shirikiana SACCO in Kakamega
President William Ruto will preside over the official launch of Shirikiana SACCO at Masinde Muliro University of Science and Technology (MMUST) in Kakamega County on Saturday, June 13, 2026. The event, hosted by Cabinet Secretary for Co‑operatives and MSMEs Development, Wycliffe Oparanya, marks a significant milestone in advancing financial inclusion and strengthening the cooperative movement…
Cabinet Secretary, National Planning and Economic Planning, John Mbadi presenting the 2026/27 Budget in Parliament,-Photo|Courtesy
Mbadi: Hustler Fund disburses KSh 87bn, reaches 28 million accounts since launch
The National Treasury has announced that the Hustler Fund has disbursed Sh87 billion since its launch in 2022, reaching 28 million accounts and extending formal financial services to millions of Kenyans who previously had little or no access to credit. Treasury Cabinet Secretary John Mbadi revealed the figures while presenting the 2026/27 Budget Statement in…
