CS Oparanya - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

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…

State team opposes Sacco shares trading on NSE, cites confusion and steep loss

Sacco ReviewFebruary 27, 202605 mins

The State-appointed team has opposed trading of Savings and Credit Cooperative Organization (SACCO) shares between members or on the National Securities Exchange (NSE), warning that the practice compromises the spirit of ownership and long-term participation. This comes on the back of a push by NSE for listing of Saccos on the stock market to boost…

KUSCCO begins Ksh6.2 Billion refunds owed to SACCOs

Sacco ReviewDecember 11, 2025December 11, 202503 mins

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has officially begun disbursing refunds to SACCOs, marking the first major step in settling the Ksh6.2 billion it owes its members. The long-awaited repayments follow a financial crisis at the union that was attributed to mismanagement and fraudulent activities under previous leadership. Co-operatives and MSMEs Cabinet…

CS Oparanya monitors impact of NYOTA program training in Kiambu and Nairobi Counties

Sacco ReviewDecember 1, 202503 mins

Cabinet Secretary for Cooperatives and MSMEs Development, Wycliffe Oparanya has visited NYOTA Business Development Services (BDS) training centers in Kiambu and Nairobi counties to assess the progress, beneficiary engagement, and overall impact of the entrepreneurship training program as it nears completion. In Kiambu County, CS Oparanya visited ACK Kiu River School, which hosted eight training…

CS Oparanya urges Lake Region Counties to strengthen cooperative structures, embrace reforms

Sacco ReviewNovember 13, 202508 mins

Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Development Cabinet Secretary (CS) Wycliffe Oparanya has urged counties in the Lake Region Economic Bloc (LREB) to strengthen cooperative structures and embrace digital systems to tap the resources available for development. He also called on them to jointly pursue financial reforms to unlock regional economic potential ahead…

SACCOs in Kenya report surge in transaction value

Sacco ReviewOctober 1, 202506 mins

Kenya’s Savings and Credit Cooperative Societies (SACCOs) have recorded a significant increase in the value of transactions processed through their agent networks in 2024, even as the total number of transactions saw a slight decline, according to the latest industry data. The volume of transactions handled by SACCO agents rose to Ksh31.65 billion in 2024,…

Matatu SACCOs risk shut down as CS Oparanya orders for review

Sacco ReviewSeptember 25, 202505 mins

Cabinet Secretary (CS) for Co-operatives and MSMEs Development, Wycliffe Oparanya, has raised concerns over the misclassification of Transport Cooperatives as Savings and Credit Cooperative Societies (SACCOs), urging for a comprehensive review of their structure and regulatory oversight. Speaking during the official release of the Sacco Supervision Annual Report 2024, Oparanya noted that several entities operating…

Kenya’s SACCO sector surges past Ksh 1 trillion, CS Oparanya reveals

Sacco ReviewSeptember 25, 202507 mins

In a resounding affirmation of the cooperative movement’s vitality, Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have shattered the Ksh 1 trillion barrier in total assets, cementing their status as a cornerstone of the nation’s financial ecosystem. The landmark achievement was unveiled by Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs), Wycliffe…

CS Oparanya dismisses KHRC report recommending scrapping of Hustler Fund

Sacco ReviewAugust 5, 202505 mins

Cabinet Secretary in the Ministry of Co-operatives, Wycliffe Oparanya has dismissed a new report by the Kenya Human Rights Commission, (KHRC) that had recommended scrapping of Hustler Fund. The report released on 4th August described the fund as a politically expedient but economically disastrous initiative that has failed to deliver on its promises of financial…

CS Oparanya leads reform meetings to revive coffee production in central

Sacco ReviewJuly 10, 202504 mins

The Ministry of Cooperatives and Micro Small and Medium Enterprises Development has started a series of meetings to revive coffee production in the central region. The campaign led by CS Wycliffe Oparanya begun yesterday, July 9, and is scheduled to run through Friday July 11, 2025 across five counties of the central regions. It aims…