Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Key recommendations to restore trust in KUSCCO

Sacco ReviewMarch 22, 202607 mins

The Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework has called for immediate reforms at the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) to restore public confidence following a massive fraud scandal. The scandal, which saw over Ksh13.3 billion misappropriated from member SACCOs, involved illegal withdrawals, unauthorized transfers, and unsupported executive…

Govt to establish new regulator for non-SACCO cooperatives to sort oversight gap

Sacco ReviewFebruary 27, 202603 mins

The government is planning to establish a new regulatory authority to safeguard billions of shillings in non-Sacco cooperatives, a move aimed at addressing critical oversight gaps that have left thousands of Kenyans, especially farmers, vulnerable to financial loss. This was revealed by the Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe…

State rejects SACCOs request to pay interest and dividends from loans

Sacco ReviewFebruary 19, 202604 mins

The Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Wycliffe Oparanya has raised concern over growing financial mismanagement within savings and credit co-operative societies (SACCOs), warning that some institutions are pressuring the ministry to allow them to declare interest on deposits and dividends without adequate revenues or cash flows to support the…

CS Oparanya with Committee of Experts during presentation of Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto.

Ruto receives Committee of Experts’ report on transformation of SACCO system

Sacco ReviewFebruary 14, 202604 mins

The Cabinet Secretary for the Ministry of Co-operatives and MSMEs Development, Wycliffe Oparanya, has presented the Committee of Experts’ Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto. The landmark report marks a significant milestone in the government’s efforts to strengthen the cooperative sector as a pillar of inclusive…

MUSCO Sacco back to business after Govt reinstates its license

Sacco ReviewFebruary 12, 202605 mins

The once-struggling Moi University Savings and Credit Society (MUSCO) is set to resume operations after the government reinstated its operating certificate, renewing members hope of securing their savings. This happened on Monday as Uasin Gishu leadership led by Deputy Governor Evans Kapkea, hosted a consultative meeting with the Cabinet Secretary (CS) Cooperatives and MSMEs Development, Wycliffe Oparanya…

Oparanya calls on lending institutions to accord MSMEs flexible credit terms

Sacco ReviewDecember 1, 202505 mins

The Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe Oparanya has called upon lending institutions to accord small businesses flexible terms in order to enable them access credit. Oparanya noted that many small businesses cannot afford credit due to stiff requirements adding that many of them have been forced to imitate…

Hope for former KCC workers as gov’t commits timeline to clear unpaid benefits

Sacco ReviewSeptember 24, 202505 mins

Former employees of the defunct Kenya Cooperative Creameries (KCC), who have spent almost three decades fighting for their unpaid benefits, have received renewed hope after the government committed to resolving their claims within a clear timeline. Appearing before the Senate Committee on Labour and Social Welfare on Tuesday, Cabinet Secretary for Cooperatives and MSMEs Development,…

Government to pay Ksh6.8B in Coffee Cooperative debts: CS Oparanya reveals

Sacco ReviewAugust 16, 202502 mins

The government has committed to settling Ksh6.8 billion in verified debts owed by coffee cooperative societies to financial institutions, offering relief to hundreds of smallholder farmers across the country. Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya announced the move during a coffee sector sensitisation forum held at Kisii School. He confirmed that while…