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Cabinet Secretary, Ministry of Cooperatives and Micro, Small and Medium Enterprises Development Wycliffe Oparanya

Oparanya asks women to join Saccos for financial freedom

Sacco ReviewApril 17, 202607 mins

Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya wants women to prioritise savings, financial literacy and smart investments in order to gain financial independence. According to the CS, fewer women join savings and credit cooperative societies (Saccos) in Kenya compared to men which is detrimental to the overall national economic development of the country. “Saccos…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

Why the Sacco double taxation debate persists despite legal clarity

Sacco ReviewApril 17, 202605 mins

Mr Edward Kinyungu, the Hon Secretary of Kenya Society of Professional Cooperators ( KSPC), has prosecuted a very strong case that seeks to have saccos’ non-core activities exempted from TAXATION, arguing that it amounts to “double taxation ” and stifles the growth of the sector that is pivotal in savings mobilisation among citizens . This…

Vihiga youth embrace fish value-addition for job creation and income boost

Sacco ReviewApril 16, 202603 mins

Youth in Vihiga County are embracing fish value-addition initiatives aimed at boosting incomes and creating jobs in the agriculture sector. The shift from traditional fish farming to processing and marketing is enabling young people to produce higher-value products such as fillets, samosas, and smoked fish. The initiative is being implemented under the Aquaculture Business Development…

The Governor of the Central Bank of Kenya-Dr. Kamau Thugge-Photo|Courtesy

CBK licenses 32 additional digital credit providers, bringing total to 227

Sacco ReviewApril 16, 202604 mins

The Central Bank of Kenya (CBK) has announced the licensing of 32 new Digital Credit Providers (DCPs), bringing the total number of licensed providers to 227. This follows the licensing of 42 DCPs in December 2025, signaling a continued effort to regulate and monitor the digital lending space in Kenya. In a statement released on…

KDIC proposes doubling deposit insurance to KSh1 Million in case of bank collapse

Sacco ReviewApril 16, 202603 mins

The Kenya Deposit Insurance Corporation (KDIC) has unveiled proposals to strengthen depositor protection by doubling the compensation limit to KSh1 million per depositor, up from the current KSh500,000, in the event of bank collapse. In a public notice, KDIC explained that the review seeks to adjust the maximum guaranteed payout to reflect current realities in…

Edward Obwocha, Walimu Solidarity Savings and Credit Co-operative Chairman and KUPPET National Secretary, Secondary.

TSC approves Walimu Solidarity Sacco for more membership

Sacco ReviewApril 15, 202602 mins

Walimu Solidarity Sacco can now allow teachers outside union leadership to join the Sacco, following approval of the long-awaited check-off system by the Teachers Service Commission (TSC). The system allows for direct salary deductions of member contributions, a major step forward since the Sacco previously only served union officials due to the absence of a…

A section of Meru residents who have slammed the "unfair" MEWASS Tariffs and threatened to demonstrate against them.

Meru residents slam “unfair” tariffs, threaten mass protests this Friday

Sacco ReviewApril 15, 202606 mins

A section of residents from Meru town have accused Governor Mutuma M’Ethingia and Meru Water and Sewerage Services (MEWASS) of failing North Imenti residents by approving what they describe as a steep increase in water tariffs. The residents claim the move has significantly raised the cost of living, leaving many households struggling to cope. Speaking…

CS Oparanya unveils Deposit Guarantee Fund in SACCO sector shake-up

Sacco ReviewApril 15, 2026April 15, 202604 mins

Cabinet Secretary for Cooperatives and SMEs, Wycliffe Oparanya, has announced the introduction of a Deposit Guarantee Fund aimed at protecting members’ savings in SACCOs in the event of a SACCO collapse. Oparanya assured members that their deposits would be safeguarded, ensuring that they can recover their money even if their SACCOs fail. Speaking about the…

AFA intensifies crackdown on illegal macadamia trade

Sacco ReviewApril 15, 2026April 15, 202602 mins

The Agriculture and Food Authority (AFA) has stepped up a nationwide crackdown on unlicensed dealers and processors of macadamia nuts across key growing counties, in a move aimed at restoring order and protecting farmers. According to the authority, the ongoing operation seeks to enforce compliance with the Crops (Nuts and Oil Crops) Regulations of 2020….

Tuju raises alarm over shadowy gold firm behind deadly Siaya land dispute

Sacco ReviewApril 14, 2026April 14, 202606 mins

Former Cabinet Minister Raphael Tuju has launched a blistering attack on Shanta Gold Limited, accusing the mining firm at the centre of a land dispute in Ramula, Siaya County, of operating under a veil of secrecy and disregarding community rights. Tuju said preliminary checks on the company’s structure point to an offshore registration in Guernsey,…