Cooperatives CS Wycliffe Oparanya (centre) alongside PSs Mang'eni
Cooperatives CS Wycliffe Oparanya (centre) alongside PSs Susan Mang'eni and Patrick Kilemi in Parliament. Photo Courtesy

MPs push for financial literacy before disbursement of MSME funds

Members of Parliament (MPs) have urged the State Department for Micro, Small and Medium Enterprises (MSME) Development to strengthen financial literacy programmes before releasing additional funds under government empowerment initiatives. The legislators said equipping beneficiaries with financial management skills would help improve the sustainability of the programmes by enabling recipients to manage loans and grants…

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MSME CS
Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya speaking during a meeting with the National Assembly Departmental Committee on Trade, Industry and Co-operatives on Saturday, May 16, in Mombasa. Photo Courtesy

Oparanya: Flaws in MSME and SACCO laws hurting sector growth

The government has admitted that weaknesses in existing laws governing Micro, Small and Medium Enterprises (MSMEs) and Savings and Credit Co-operative Societies (SACCOs) are slowing the growth and effectiveness of the sector. Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya told lawmakers that gaps in the current legal framework have undermined efforts to strengthen…

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Principal Secretary Susan Mang’eni/photo courtesy

Committee on Cooperatives question PS over delay in rollout of Nyota program

Members of the National Assembly Committee on Trade, Industry and Cooperatives have questioned the delay in rolling out the National Youth Opportunities Towards Advancement (NYOTA) programme. The programme would have seen 70 Youths in all the wards in the country receive a grant of Sh50, 000 to either start or expand business. The MPs led…

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