Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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…
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…
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…
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…
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,…
Cabinet Secretary for the Ministry of Cooperatives and MSMEs Development, Wycliffe Oparanya, has urged cooperative movement stakeholders to come up with actionable ideas to propel the cooperative sector forward. Oparanya, who was addressing the cooperative movement stakeholders during the 3rd Annual Cooperative Movement Stakeholders’ Forum held from 18th to 22nd November 2024 in Naivasha, said…
Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya has instructed Commissioner for Cooperatives Development to develop a Dividend Policy for Cooperatives that will ensure that no cooperative borrows to pay dividends. The CS who was speaking in Nairobi during the launch of the strategic plan 2023-2027 for new Kenya Planters Cooperative Union (KPCU) said the…
Retirees of the giant West Kenya sugar company limited are now calling for the ethics and anticorruption commission (EACC) to investigate the fleecing of the Ksh.88Million by the sacco. The retirees allege that their efforts to have the sacco, which serves the miller employees, pay their retirement dues has failed in several occasions, prompting them…
Savings and Credit Co-operatives (SACCOs) in the country have been awarded for their good performance in the year ended 2023 in Award Ceremony and Luncheon for Ushirika Day celebrations held in Nairobi on Friday . Some of the Saccos Awarded include Kenya National Police Sacco that was awarded Best Managed Sacco in the country, Tembo…
