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

Co-operatives and MSMEs Ministry Tops Public Service Performance Awards

Sacco ReviewJune 20, 2026June 20, 202603 mins

The Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development has been ranked first in the Ministerial Best Improved Performance Category for the 2024/25 financial year, earning national recognition during the Public Service Performance Awards ceremony officiated by President William Ruto on 19 th June, 2026. The ministry received a Certificate of Excellence…

Shirikiana Sacco Launch set to drive grassroots Wealth Generation in Western Kenya

Sacco ReviewJune 14, 202608 mins

Savings and Credit Cooperative Societies (Saccos) have been cited as a strategic vehicle for driving investment, savings, and a culture of entrepreneurship to help create wealth at Kenya’s grassroots. Speaking at the official launch of Shirikiana Sacco at Masinde Muliro University in Kakamega County, President William Ruto, who was the guest of honor, described the…

SASRA launches case digest to guide Sacco governance and dispute resolution

Sacco ReviewJune 11, 2026June 11, 202605 mins

The Sacco Societies Regulatory Authority (SASRA) has unveiled first-ever Cooperative Financial and SACCO Law Case Digest to guide Sacco governance and dispute resolution. The digest was launched by the Principal Secretary for the State Department for Cooperatives, Patrick Kilemi, during the 2026 Regulatory Policy and Legal Roundtable for Deposit-Taking SACCO Societies. The publication was developed…

SASRA issues governance ultimatum to NWDT SACCOs

Sacco ReviewJune 11, 202608 mins

Kenya’s cooperative regulator has issued its starkest warning yet to non-withdrawable deposit-taking savings societies, telling their leadership that structural reform and professional governance are no longer optional as the sector steers towards a new legislative framework. The Sacco Societies Regulatory Authority (SASRA) convened its inaugural Regulatory Round Table for Non-Withdrawable Deposit-Taking (NWDT) SACCOs on April…

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…