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

Government releases KSh13.6 million Uwezo Fund and KSh10.2 million Youth Fund to groups in Lugari

Sacco ReviewApril 26, 202604 mins

The Ministry of Cooperatives, Micro, Small and Medium Enterprises (MSME) has disbursed KSh13.6 million under the Uwezo Fund and KSh10.2 million from the Youth Development Fund to women, youth, and Persons with Disabilities (PWDs) in Lugari constituency. Presiding over the issuance of cheques at Chevaywa Vocational and Training Centre, Cabinet Secretary Wycliffe Oparanya urged beneficiaries…

Gov’t moves to reform SACCO sector amid push for growth and trust

Sacco ReviewApril 23, 202604 mins

The government has stepped up efforts to reform Kenya’s cooperative movement, with Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya leading a renewed push for structural changes aimed at strengthening the sector. Oparanya said the proposed reforms are designed to make Savings and Credit Cooperative Organizations (SACCOs) more self-sustaining while safeguarding members’ savings. Central to…

Oparanya declares digital compliance mandatory for SACCO licensing

Sacco ReviewApril 12, 202604 mins

Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, has announced that no Savings and Credit Cooperative Society (SACCO) will be licensed to operate unless it demonstrates full commitment to digital transformation. Speaking at the recent Leadership, Ethics and Strategic Governance Forum, Oparanya warned that failure to modernize would erode public trust and ultimately destroy…

Oparanya urges SACCOS to expel rogue officials as sector reforms intensify

Sacco ReviewMarch 14, 202604 mins

Co-operatives and Micro, Small and Medium Enterprises Development Cabinet Secretary Wycliffe Oparanya has called on savings and credit cooperatives (SACCOS) to take decisive action against rogue officials implicated in fraud and financial mismanagement. He warned that allowing such individuals to move freely between institutions undermines trust and stability in the cooperative sector. Speaking during a…

Experts call for continued freeze on new Sacco registrations pending legal reforms

Sacco ReviewFebruary 19, 202604 mins

A government‑appointed team of experts has advised the Ministry of Co‑operatives and MSMEs Development to maintain the suspension on registering new Saccos until a stronger legal framework is established. This comes amid concerns over governance gaps, unregulated growth, and the safety of members’ deposits in Kenya’s expansive cooperative sector. The committee, formed by Cabinet Secretary…

Maendeleo Ya Wanawake Organization to launch National Sacco in January 2026

Sacco ReviewDecember 20, 202507 mins

The Maendeleo Ya Wanawake Organization (MYWO), Kenya’s largest grassroots women’s network, is gearing up for the official launch of its National Sacco in January 2026, a move poised to revolutionize financial inclusion for women across the country. This initiative comes at a pivotal time as MYWO intensifies efforts to unify, nurture, and empower women socially,…

Government sets fresh momentum for coffee reforms as national steering committee concludes Machakos retreat

Sacco ReviewDecember 18, 202505 mins

The government has renewed its push to revive Kenya’s coffee sector following a high‑level National Steering Committee Retreat held at the SEO Hotel in Machakos. The meeting brought together members of the Coffee Revival Steering Committee and key industry stakeholders for intensive, solution‑driven discussions. The retreat was opened by Patrick Kilemi, Principal Secretary in the…

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…