Kenya Bankers Association CEO Raimond Molenje speaking during a past event. Photo Courtesy
Bankers Association calls for PAYE cut as workers face growing tax pressure
The Kenya Bankers Association has raised concerns over the rising tax burden on Kenyan workers, arguing that salaried employees are currently paying higher income tax rates than companies. In a statement shared online on Monday, May 25, 2026, the association noted that Pay As You Earn (PAYE) tax stands at up to 35 per cent,…
Bungoma residents during Senate Standing Committee on Agriculture, Livestock and Fisheries stakeholders’ consultative forum. Photo Courtesy
Senate committee holds forum in Bungoma to address sugarcane sector challenges
The Senate Standing Committee on Agriculture, Livestock and Fisheries on Tuesday held a stakeholders’ consultative forum in Bungoma County to address persistent challenges facing the sugarcane subsector and explore ways of improving the livelihoods of farmers across the country. The forum, chaired by David Wakoli, brought together sugarcane farmers, farmers’ associations, representatives and management of…
Arnold Munene, Managing Director KUSCCO-Photo|Courtesy
KUSCCO submits Finance Bill 2026 proposals, warns of systemic risks in SACCO tax policy
The Kenya Union of Savings and Credit Co‑operatives (KUSCCO) has formally submitted the sector’s consolidated recommendations on the Finance Bill 2026/27 to the National Assembly, warning that poorly aligned tax measures could destabilise cooperative finance and burden households already grappling with rising living costs. At the heart of the submission is opposition to taxing internal…
Kipkelion East MP, Joseph Cherorot distributes coffee seedlings to farmers in Masambworik, Kipkelion East
Kericho farmers abandon maize, embrace coffee cultivation as profits decline
Kericho County is rapidly establishing itself as a key coffee-producing hub, driven by hundreds of farmers in Kipkelion East’s Masambworik area who are turning to coffee cultivation. The shift comes as many farmers abandon maize farming and other traditional cash crops. Over the years, these crops have seen declining returns driven by rising production costs,…
Kenya turns to ethanol and green energy as sugar sector reforms gain momentum
Kenya is charting a new course for its sugar industry, shifting beyond raw sugar production to ethanol, renewable energy, and bio‑based products in a bid to cut fuel costs, create rural jobs, and restore confidence among farmers and investors. Deputy President Kithure Kindiki said the government has undertaken sweeping reforms since 2022 to revive a…
Some of the current and former officials of Metropolitan National Sacco who were arraigned over an alleged Sh14.4 billion fraud.
Metropolitan Sacco officials charged over alleged ksh14.4 billion fraud
Nineteen current and former officials of Metropolitan National Sacco have been charged in court over an alleged KSh14.4 billion fraud scheme and a series of violations of Kenya’s Sacco regulations linked to the management of the institution between 2012 and 2021. According to court documents presented by the prosecution, the accused persons face a principal…
National Assembly Departmental Committee on Finance and National Planning chair Molo MP Kuria Kimani. Photo Courtesy
Stakeholders back tax Amnesty in Finance Bill 2026, seek extended deadlines
Stakeholders appearing before the National Assembly Departmental Committee on Finance and National Planning have largely welcomed the government’s proposal to introduce a new tax amnesty programme under the Finance Bill, 2026, describing it as a significant relief measure for businesses burdened by outstanding tax liabilities. The proposed amnesty targets tax liabilities accrued up to December…
Treasury CS John Mbadi-Photo|Courtesy
Finance Bill 2026: M-Pesa not targeted in proposed digital tax measures
Treasury Cabinet Secretary John Mbadi has moved to calm public fears over the Finance Bill 2026, insisting that Safaricom’s M-Pesa platform will not be affected by proposed tax changes on digital money transfer services. Speaking at a press conference on Monday, May 25, 2026, Mbadi said the government’s focus is on ICT-driven digital intermediaries rather…
fortune DT Sacco members during a previous member engagement drive-Photo|Courtesy
Fortune Sacco rolls out member engagement drive at Nairobi branch
Fortune DT Sacco has launched an on‑ground member engagement and business activation campaign at its Nairobi Branch, targeting small and medium‑sized enterprises (SMEs) and existing members with tailored financial solutions. The initiative focuses on strengthening relationships through financial awareness sessions, deposit mobilisation, merchant account activation, and new member onboarding. Officials said the campaign is designed…
commissioner for cooperative development-David Obonyo alongside PS Patrick Kilemi and representatives from DGRV during the signing of the MoU-Photo|Courtesy
Kenya-Germany pact to unlock financing for youth and women-led enterprises
The Ministry of Co-operatives and MSME Development has signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV) that would open new financing opportunities for entrepreneurship, investment, and financial empowerment among young people and women-led enterprises. The deal, signed by Principal Secretary for Cooperatives Patrick Kilemi, aims to bridge the persistent…
