patrick kilemi - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Gov’t pushes for SACCO digital and governance overhaul as sector reform talks intensify

Sacco ReviewJune 8, 202603 mins

The Government has stepped up efforts to overhaul the Savings and Credit Cooperative (SACCO) sector, with a strong focus on digital transformation and improved governance as reform discussions gain momentum. This came up during a high-level stakeholder engagement convened by Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya, together with Principal Secretary Patrick Kilemi that…

PS Kilemi urges Saccos to prioritize affordable loans over dividend payouts

Sacco ReviewJune 5, 2026June 5, 202604 mins

Principal Secretary for Co‑operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Patrick Kilemi, has called on Savings and Credit Cooperative Societies (Saccos) to strengthen their institutional capital and shift focus from competing through high dividend declarations to offering affordable loans that directly benefit members. Speaking during an interview on a local station on Thursday,…

Kenya-Germany pact to unlock financing for youth and women-led enterprises

Sacco ReviewMay 26, 202603 mins

The Ministry of Co-operatives and MSME Development has signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV) that would open new financing opportunities for entrepreneurship, investment, and financial empowerment among young people and women-led enterprises. The deal, signed by Principal Secretary for Cooperatives Patrick Kilemi, aims to bridge the persistent…

Kenya, Germany sign MoU to reform cooperative sector, protect members’ savings

Sacco ReviewMay 25, 202604 mins

Kenya’s cooperative movement is set for sweeping reforms after the Ministry of Co-operatives and MSME Development signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV), a partnership officials say will tighten governance, strengthen financial oversight, and safeguard millions of members’ investments. The deal, signed by Principal Secretary for Cooperatives Patrick…

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

Sacco ReviewMay 15, 202606 mins

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,…

Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify

Sacco ReviewMay 12, 2026May 14, 202606 mins

Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…

PS Kilemi warns SACCOS against risky investments outside regulatory framework

Sacco ReviewApril 24, 2026April 24, 202605 mins

Cooperatives Principal Secretary (PS) Patrick Kilemi has warned Savings and Credit Cooperative Organizations (SACCOs) against venturing into unregulated investments, urging stronger governance structures and tighter internal controls to protect member funds. Speaking at the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, PS Kilemi said the growing appetite for investments outside the regulatory framework…

Government launches crackdown on Sacco boards over misuse of members’ savings

Sacco ReviewApril 2, 202604 mins

The government has announced a sweeping crackdown on Sacco boards accused of misusing members’ deposits through lavish foreign trips, manipulation of financial statements, and unsustainable borrowing practices. Cooperatives Principal Secretary Patrick Kilemi, speaking during the Harambee Sacco Annual Delegates Meeting (ADM) in Nairobi, revealed that legislative and policy reforms are already before the ministry and…

Government sets fresh momentum for coffee reforms as national steering committee concludes Machakos retreat

Sacco ReviewDecember 18, 202505 mins

The government has renewed its push to revive Kenya’s coffee sector following a high‑level National Steering Committee Retreat held at the SEO Hotel in Machakos. The meeting brought together members of the Coffee Revival Steering Committee and key industry stakeholders for intensive, solution‑driven discussions. The retreat was opened by Patrick Kilemi, Principal Secretary in the…

German Kenyan Cooperative Development to partner with Kenya in advancing the cooperative movement

Sacco ReviewJanuary 13, 202502 mins

The German Kenyan Cooperative Development (GKCD) will collaborate and partner with the Kenyan government to advance the cooperative movement in the country. Speaking after hosting GKCD CEO Madeleine Mueller in Nairobi, Patrick Kilemi, Principal Secretary of the State Department for Cooperatives, said extensive consultation, knowledge sharing, and experience on matters relating to governance in the…