Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya/Photo Courtesy

CS Oparanya calls for merger of small SACCOs to boost their competitiveness

The Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya has called for the merger of small Savings and Credit Cooperative Organizations (SACCOs) as part of boosting their competitiveness both locally and internationally. Spaeking during the 4th annual Cabinet Secretary’s Cooperative Movement Stakeholders’ Forum, CS Oparanya said that small cooperatives cannot endure local and global emerging competitive…

Read More
CS Wycliffe Oparanya with the SASRA leadership during the launch of the report/Photo File

Unpacking SASRA Supervision Report 2024: A sector in resilient expansion

In the intricate landscape of Kenya’s financial ecosystem, the Sacco Societies Regulatory Authority (SASRA) Supervision Report 2024 emerges as a pivotal barometer of the cooperative banking sector’s vitality. Released on September 25, 2025, by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya, this annual statutory document—mandated under Section 22 of the Sacco Societies Act—chronicles the…

Read More
SASRA Acting Chief Executive Officer David A. Sandagi during the past event/Photo Courtesy

Kenya’s Cooperative sector reels from Ksh3.49 Billion remittance crisis

Kenya’s cooperative banking sector, a cornerstone of financial inclusion for millions, is grappling with a deepening liquidity crisis, according to the Sacco Societies Regulatory Authority (SASRA) 2024 Supervision Report, released recently by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya. The report has exposes a staggering Ksh3.49 billion in unpaid salary deductions owed to 85…

Read More
Don`t copy text!