Director for Cooperatives, Nairobi County- Madam Dolphine Aremo-Photo|Courtesy

Gov’t pledges cooperative reforms to safeguard members’ savings, strengthen transparency

The government has assured cooperative members that ongoing reforms in the sector are designed to modernise laws, align operations with the Constitution, curb corruption, enforce leadership term limits, and introduce stricter thresholds to protect members’ savings. Speaking during the official opening of Unaitas Sacco Society’s 34th branch in Nyahururu, Laikipia County, Dolphine Aremo, Director for…

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Speaker Moses Wetang’ula Speaking during the launch of Shirikiana Sacco-Photo|Courtesy

Wetang’ula urges MPs to seal loopholes in cooperative laws to protect members’ savings

National Assembly Speaker Moses Wetang’ula has called on Members of Parliament to urgently review Kenya’s cooperative laws and close loopholes that expose members’ savings to mismanagement and loss. Speaking during the launch of Shirikiana Sacco, Wetang’ula warned that weak governance systems continue to endanger resources in cooperative societies, stressing the need for stronger oversight and…

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Sacco
CS Wycliffe Oparanya before the Senate Standing Committee on Trade, Industrialisation, and Tourism-Photo|Courtesy

Government intensifies SACCO reforms as Oparanya defends recovery efforts at KUSCCO and Metropolitan SACCO

Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya has assured the Senate that the Government is accelerating reforms in the Savings and Credit Cooperative (SACCO) sector in a bid to strengthen governance, safeguard members’ savings, and restore public confidence in cooperative financial institutions. Appearing before the Senate Standing Committee on Trade, Industrialisation, and Tourism,…

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