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Oparanya team seeks troubled saccos’ special funds scheme
The Cabinet Secretary for Co-operatives Wycliffe Oparanya (centre) with Marlene Shiels (left) the Chairperson of the Committee of Experts on Sacco Societies Act Review among other officials launch the report on Transformation of the Sacco System in Kenya during the 10th Annual Sacco Leaders Summit in Mombasa in this photo taken on December 8, 2025.
A committee of experts appointed by Co-operatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya has recommended the establishment of a special fund to rescue distressed but viable savngs and co-operative societies (saccos) from collapse.
The committee was tasked to: review the legislative and regulatory framework, propose reforms to strengthen deposit protection and liquidity management, develop pathways for harmonisation of oversight across all Saccos and benchmark Kenya’s system against global best practices.
