KRA falls short of 2025/2026 revenue target despite double-digit growth
The Kenya Revenue Authority (KRA) missed its revenue collection target for the 2025/2026 financial year, falling short by KSh 124 billion. The taxman collected KSh 2.844 trillion against a target of KSh 2.968 trillion, a deficit of 4.2 percent. Despite the miss, the performance marks a 10.6 percent improvement over the 2024/2025 financial year, when…
Daniel Marube Chief Executive Officer of the Cooperative Alliance of Kenya (CAK) Photo/Courtesy
CAK reassures public over false infrastructure funding reports
CAK dismisses claims that the government plans to use Sacco savings to fund infrastructure projects. Cooperative apex body says the proposed Sacco law contains no provisions allowing members’ funds to be diverted to the National Infrastructure Fund. The Cooperative Alliance of Kenya (CAK) has refuted claims that the government plans to raid Sacco funds to…
President Ruto while launching the NYOTA tranche II at Ulinzi Sports Complex on July 10, 2026. photo/Courtesy
President Ruto announces 60,000 jobs as Lamu oil refinery project takes off
Ruto confirms Lamu oil refinery project expected to create about 60,000 youth jobs. Government to use Ksh350 billion National Infrastructure Fund to finance major infrastructure projects. President William Ruto has announced thousands of new job opportunities for young Kenyans following the confirmation that a monumental oil refinery will be constructed in Lamu. Speaking on Friday,…
Key sectors push revenue to Sh 2.8 trillion as KRA records strongest growth in recent years
The Kenya Revenue Authority (KRA) has reported a robust double digit revenue growth of 10.6% for the Financial Year 2025/2026, significantly outperforming the 6.8% growth recorded in the previous financial year. The tax authority collected Ksh 2.844 trillion, marking an increase of Ksh 272.953 billion over the Ksh 2.572 trillion gathered in FY 2024/2025. In…
Representatives hold up the newly executed MoU partnership agreement with the County Government of Kiambu. Photo/Courtesy
KIE, Kiambu County signs MoU to boost MSME growth and industrialization
KIE and Kiambu County signed an MoU to promote industrialization and support the growth of Micro, Small and Medium Enterprises (MSMEs). The partnership aims to boost enterprise development, improve access to business support and create more economic opportunities for entrepreneurs in Kiambu. Kenya Industrial Estates (KIE) has signed a Memorandum of Understanding (MoU) with the…
Kabunde Airstrip runway. Photo/Courtesy
Meru community urged to support Kithoka airstrip project amid legal battles
Leaders back Kithoka airstrip, saying it will boost tourism, create jobs and strengthen forest conservation. Environmental groups oppose the project, arguing it threatens the Mt. Kenya Forest ecosystem and are challenging it in court. The Meru community has been urged to support the construction of the Kithoka airstrip, a project proponents claim will spur economic…
Sacco Societies Amendment Bill notice. Photo Courtesy
Government flags online misinformation over Sacco Societies Bill
The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. In a public notice seen by Sacco Review, the state dismissed claims that the proposed legislation is…
PS Kilemi during a meeting with the taskforce members to discuss the formulation of the regulations. Photo: Patrick Kilemi/Facebook Kilemi
Government sets up taskforce to draft regulations for upcoming Cooperative Act
Cooperatives Principal Secretary Patrick Kilemi has announced that the State Department has constituted a taskforce to spearhead the development of regulations that will operationalise the proposed Cooperative Bill once it is enacted into law. The move comes as the Bill enters the final stages of consideration in Parliament. In a statement shared on his Facebook…
Nawiri Sacco officials together with a guest at the Ushirika Awards celebrations at Siakago Primary School grounds. Photo Courtesy
Saccos warned against chasing dividends at expense of cheap loans
Managements of Savings and Credit Cooperative Societies (SACCOS) have been warned against an over-obsession with huge end-of-year dividends at the expense of their core mandate of issuing low-interest loans to members. Symon Mburia, the Assistant Commissioner for Cooperatives Development, director at the Hustler Fund, and a leading authority in the cooperative movement, challenged Saccos to…
Stima Sacco CEO Dr. Gamaliel Hassan speaking during an interview on Radio Generation on Thursday, July 9
Saccos are financial shock absorbers, says Stima Sacco CEO
Stima DT Sacco Chief Executive Officer Dr. Gamaliel Hassan has highlighted the vital role Savings and Credit Cooperative Societies (SACCOs) play in shielding members from economic shocks amid rising living costs. Speaking during an interview with Radio Generation on Thursday, July 9, Dr. Hassan said persistent inflation, both locally and globally, has significantly reduced people’s…
