Digital transformation - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Oparanya declares digital compliance mandatory for SACCO licensing

Sacco ReviewApril 12, 202604 mins

Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, has announced that no Savings and Credit Cooperative Society (SACCO) will be licensed to operate unless it demonstrates full commitment to digital transformation. Speaking at the recent Leadership, Ethics and Strategic Governance Forum, Oparanya warned that failure to modernize would erode public trust and ultimately destroy…

The silent killer of Kenyan Saccos

Sacco ReviewApril 25, 2024April 25, 202407 mins

In the fast-paced arena of financial management, Kenya Saccos serve as beacons of resilience and innovation, navigating turbulent cash flow through strategic foresight and careful planning. As a cornerstone of financial inclusion and community empowerment, Saccos play a critical role in Kenya’s economic fabric and serve as an important conduit for savings mobilisation and credit…