Wycliffe Oparanya - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

SAM 2025: African Inclusive Finance Week kicks off in Nairobi

Sacco ReviewOctober 14, 202504 mins

The fifth edition of the African Inclusive Finance Week (SAM 2025) officially opened on Monday in Nairobi, bringing together more than 1,000 delegates from across the continent. The high-profile event, running from October 13 to 17 at the Kenyatta International Convention Centre (KICC), was officially inaugurated by the Cabinet Secretary for Cooperatives and SMEs, Wycliffe…

Gov’t to establish a shared technological service platform for Small SACCOs

Sacco ReviewSeptember 30, 202504 mins

The government is planning to review the SACCO Societies Act and the regulations to explore ways of coming up with a shared technological services platform for all small cooperatives entities. This was announced by the Cooperatives and MSME Cabinet Secretary, Wycliffe Oparanya announced that a committee of experts has been set to review related acts…

CS Oparanya bans use of loans to pay dividends to SACCO members

Sacco ReviewSeptember 28, 202504 mins

Cabinet Secretary for Co-operative and MSMEs, Wycliffe Oparanya has declared a suspension on new registrations and banned the use of loans to pay dividends to Sacco members. Speaking during the 34th Special General Meeting of Unaitas Sacco in Nairobi, CS Oparanya said the move is part of a stringent crackdown on poorly managed savings and…

Kiambu SMEs shine as county, national leaders unite to drive business growth at KEPSA Conference

Sacco ReviewJuly 1, 202504 mins

Small business owners from Kiambu County received a significant boost during the 2nd Annual SME Conference, Exhibition, and Awards organized by the Kenya Private Sector Alliance (KEPSA). The event attracted hundreds of entrepreneurs, policymakers, and industry leaders, providing Kiambu-based SMEs with invaluable access to expert guidance, business networks, and growth opportunities. Cabinet Secretary for Cooperatives…

Govt to merge Uwezo Fund, Youth Fund and Women Enterprise Fund into a single entity

Sacco ReviewJune 16, 202503 mins

The national government will now merge the Uwezo Fund, Youth Fund, and Women Enterprise Fund into a single entity that is the Biashara Fund. This will help in streamlining access to financing for small businesses and eliminate loopholes that have led to misuse, Cabinet Secretary for Co-operatives and MSMEs Wycliffe Oparanya has said. Oparanya, who…

CS Oparanya backs leasing of state-owned sugar factories as new strategic managers take over

Sacco ReviewMay 13, 202508 mins

Cooperatives cabinet secretary, Wycliffe Oparanya, has strongly backed the government’s decision to lease state-owned sugar factories, saying the move is long overdue and critical to reviving a struggling sector. Speaking as the transition process officially began, Oparanya disclosed that most of the state-owned mills were in deep financial crisis, with many operating at a loss for…

Prudent management and expertise fuel sacco growth in Bondo

Sacco ReviewMarch 17, 202504 mins

The sterling performance of the Saccos in Bondo has been attributed to prudent management, proper capacity building, and adherence to best practices. The various Saccos have been placed under an umbrella management entity called Goldian Credit Limited, where experts offer real-time solutions to the Saccos (small businesses), guiding them and taking them through best business…

SASRA warns cooperatives of dire consequences for mismanaging funds

Sacco ReviewFebruary 21, 202506 mins

The SACCO society’s regulatory authority (SASRA) has issued a stern warning to cooperatives that mismanage members’ funds, stating that their days are numbered. Jack Ranguma, the Chairman of the SACCO Societies Regulatory Authority (SASRA), particularly singled out Metropolitan National SACCO, noting that its members have lost millions of shillings. Ranguma revealed that the minister responsible…

Government to implement decisive measures to curb Saccos’ financial mismanagement

Sacco ReviewFebruary 20, 202506 mins

Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises Development, Wycliffe Oparanya, has assured that the national government is taking decisive steps to curb financial mismanagement in Saccos across Kenya. His remarks follow the alleged misappropriation of KSh 82.8 million at the Kenya Union of Savings and Credit Cooperatives (KUSCCO), raising concerns over financial…

CS Wycliffe Oparanya honored for exemplary leadership

Sacco ReviewDecember 5, 202402 mins

In a momentous celebration of academic excellence, Hon. FCPA Wycliffe Ambetsa Oparanya, EGH, Cabinet Secretary for the Ministry of Cooperatives and Micro Small and Medium Enterprises Development, has been awarded an honorary Doctor of Humane Letters (Honoris Causa) by Masinde Muliro University of Science and Technology. The conferment will take place on December 11, 2024,…