CS cooperatives and MSMEs Wycliffe Oparanya before Members of the Committee on Trade, Industry and Cooperatives. Photo/File

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

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…

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Agriculture Cabinet Secretary Mutahi Kagwe before Committee on Delegated Legislation,. Photo Courtesy

Fibre industry revival on track as CS Kagwe pushes for new regulations

The revival of Kenya’s cotton and sisal industries may soon become a reality following renewed efforts by the Ministry of Agriculture to operationalize the Draft Crops (Fibre Crops and Crop Fibres) Regulations, 2025. Appearing before the National Assembly Committee on Delegated Legislation, Agriculture Cabinet Secretary Mutahi Kagwe said the proposed regulations are critical to revitalizing…

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Machakos stakeholders during the Privatization Bill 2025 public participation/photo courtesy

Machakos stakeholders call for parastatal heads prosecution as Privatization Bill views roll

Stakeholders drawn from Machakos County have called for the prosecution of heads of non-profit making parastatals that are set to be privatized if the Privatization Bill, 2025 is passed. According to them, all the struggling parastatals must have been mismanaged and therefore, the heads should be investigated and if found guilty made to return all…

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Parliament passes Anti-Money Laundering Laws Bill, proposes to amend Sacco Act

The National Assembly has passed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025. The bill will see amendment of the Sacco Societies Act (Cap. 490B), empowering the Sacco Societies Regulatory Authority (SASRA) in regulating the Saccos, the societies have mobilized deposits of members to the tune of more than ksh 1…

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