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

Second tranche of NYOTA start-up capital set for national rollout this Friday

Sacco ReviewJuly 6, 202605 mins

Unlike the first tranche, which was rolled out in phased clusters across the regions, the second disbursement would reach all eligible beneficiaries at the same time.. the beneficiaries have already completed a mandatory business development skills training programme, a requirement under the initiative before qualifying for the start-up capital. The government will on Friday roll…

Budalangi Market Women SACCO launched as 79 groups unite to boost women enterprises

Sacco ReviewJuly 5, 202604 mins

The Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, on 3rd June, 2026, presided over the official launch of the Budalangi Market Women SACCO, bringing together 79 registered women groups in a move set to deepen financial inclusion in the region. The event saw KSh8.4 million disbursed to women groups to support enterprise development…

CS Oparanya reaffirms Cooperatives as drivers of shared prosperity, poverty reduction

Sacco ReviewJuly 4, 202603 mins

Cabinet Secretary (CS) for Cooperatives and MSMEs Development Dr. Wycliffe Oparanya has reaffirmed the government’s commitment to strengthening Kenya’s cooperative movement, as the country marked the 104th Ushirika Day celebrations at Uhuru Park, Nairobi County, under the global theme “Cooperatives for a Peaceful World.” Speaking at the event, Oparanya said the occasion reaffirmed the vital…

Gov’t bets on cooperatives to unlock agricultural financing, revive coffee sector

Sacco ReviewJuly 3, 2026July 3, 202605 mins

CS Oparanya has urged financial institutions to design products around the realities of farming, recognizing alternative forms of security while aligning repayment schedules with production cycles. The government has moved to place cooperative societies at the centre of its plan to widen smallholder farmers’ access to affordable credit and speed up the transformation of Kenya’s…

RUPSA Sacco Pushes for KUSCCO Insolvency over KSh17.7 billion liabilities

Sacco ReviewJune 28, 2026June 28, 202604 mins

RUPSA Sacco has petitioned the High Court to place the Kenya Union of Savings and Credit Co-operatives (KUSCCO) under insolvency proceedings, citing severe financial distress that it says meets the threshold under the Insolvency Act. The matter is before the High Court’s Commercial and Tax Division, where RUPSA has asked judges to dismiss KUSCCO’s preliminary…

Ruto launches Revised MSME Policy 2026, flags Sh3 trillion financing gap on World MSME Day

Sacco ReviewJune 28, 202604 mins

President William Ruto on Saturday presided over Kenya’s 2026 World Micro, Small and Medium Enterprises (MSME) Day celebrations at the Kenyatta International Convention Centre (KICC) in Nairobi, where he officially launched the Revised MSME Policy 2026 aimed at transforming the sector into a globally competitive engine of inclusive growth. The revised policy seeks to create…

President Ruto urges banks to boost MSME lending

Sacco ReviewJune 28, 202604 mins

President William Ruto has called on commercial banks to expand credit access for micro, small, and medium enterprises (MSMEs), warning that limited financing continues to stifle growth in one of Kenya’s most vital economic sectors. Speaking at the World MSME Day celebrations held at the Kenyatta International Convention Centre (KICC) in Nairobi, the President emphasized…

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…

Government warns against fraudulent Saccos formed ahead of 2027 polls

Sacco ReviewJune 13, 202604 mins

The government has raised alarm over the rising number of Savings and Credit Cooperative Societies (Saccos) being registered in the run‑up to the 2027 General Election, warning that many are being formed with the sole intention of defrauding unsuspecting Kenyans. Cabinet Secretary for Cooperatives and MSMEs Development Wycliffe Oparanya said the ministry will tighten regulations…

Ruto launches Shirikiana Sacco, hails cooperative model as key to economic transformation

Sacco ReviewJune 13, 202604 mins

President William Ruto has launched Shirikiana Sacco, a new cooperative financial institution designed to expand access to savings, affordable credit and investment opportunities, in what he termed a landmark initiative set to transform livelihoods across Western Kenya and beyond. The launch, held at Masinde Muliro University of Science and Technology in Kakamega County, brought together…