Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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 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…
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…
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…
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…
President William Ruto has committed KSh50 million to Shirikiana Sacco, pledging personal membership and investment in the newly launched cooperative at its unveiling at Masinde Muliro University of Science and Technology in Kakamega County on Saturday, June 13, 2026. In his address, President Ruto said he had agreed with Cooperatives and MSMEs Development Cabinet Secretary…
President William Ruto will preside over the official launch of Shirikiana SACCO at Masinde Muliro University of Science and Technology (MMUST) in Kakamega County on Saturday, June 13, 2026. The event, hosted by Cabinet Secretary for Co‑operatives and MSMEs Development, Wycliffe Oparanya, marks a significant milestone in advancing financial inclusion and strengthening the cooperative movement…
Co‑operatives Cabinet Secretary Wycliffe Oparanya has raised alarm over what he termed persistent underfunding in his Ministry, warning that the financial strain is undermining its ability to deliver on its mandate. Appearing before the National Assembly Departmental Committee on Trade, Industry and Cooperatives during deliberations on the 2026/27 budget estimates, Oparanya said his office has…
Cabinet Secretary for Co‑operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Oparanya, has called for increased investment in small businesses, Saccos and grassroots economic programmes, insisting that government initiatives must translate into tangible benefits for ordinary Kenyans. Appearing before the Departmental Committee on Trade, Industry and Cooperatives during deliberations on the 2026/27 Annual…
