Arnold Munene, Managing Director KUSCCO-Photo|Courtesy
Saccos join private sector in opposing KRA’s expanded powers under Finance Bill 2026
Savings and credit cooperative Societies (Saccos) have become the latest institutions to oppose proposals in the Finance Bill 2026 that would allow the Kenya Revenue Authority (KRA) to freeze bank accounts and recover funds even while tax disputes remain unresolved. The Kenya Union of Savings and Credit Cooperatives (Kuscco) told the National Assembly’s Finance and…
Raphael Ng’ang’a a Kenyan teacher.
How SACCOs have become the unsung heroes of teachers’ financial survival stories
If you want to understand the financial life of a Kenyan teacher, think of a candle: always burning at both ends. Teachers are not just the guardians of the classroom; they are breadwinners, community leaders, and the ‘bankers of last resort’ in extended families. Yet, ironically, they are also some of the most financially strained…
Author: Dorcas Nyambura Ndegwa
Is opening of new branches and satellite offices a plus to Saccos?
Initially the Sacco set up in the cooperative movement brought together members of the community with the common need and could only be set up close to its common bond. They were based on the cooperative values of self-help, self-responsibility, democracy, equality, equity, and solidarity. This was possible since these cooperative were formed by people…
The National Assembly during a previous session-Photo|National Assembly KE
Housing among biggest winners as MPs approve 2026/27 budget estimates
The National Assembly has approved the revenue and expenditure estimates for the 2026/2027 financial year, passing a budget that places strong emphasis on housing, education, health, and social protection programmes. The framework, presented by the Budget and Appropriations Committee after public participation and sector consultations, was adopted by lawmakers who said the allocations are designed…
Senate Liaison Committee chairperson- Kathuri Murungi, speaking during the Liaison Committee Roundtable-Photo|Courtesy
Senate, Kepsa urge counties to eliminate bureaucratic barriers to investment
The Senate and the Kenya Private Sector Alliance (Kepsa) have urged counties to eliminate bureaucratic barriers that continue to frustrate investors, warning that streamlined regulations and efficient service delivery are essential to unlocking economic growth and strengthening devolution. Speaking at the opening of the Senate Liaison Committee Roundtable, committee chair Kathuri Murungi said persistent inefficiencies…
New Mukuru Affordable Housing buildings-Photo|Courtesy
Housing Levy as collateral: workers face longer tax burden
The government has unveiled plans to leverage proceeds from the 1.5 per cent Affordable Housing Levy as collateral for a KSh100 billion loan through securitisation, a move that suggests the deduction may remain a long-term fixture on workers’ payslips. Disclosures by a Parliamentary committee show that the State Department for Housing plans to take the…
Machakos County Director of Budget Stella Miriti receives the award in Nairobi on behalf of the County Government on June 4,2026
Machakos ranked 9th nationally in 2025 Budget Transparency Survey, earns top score for County Budget Paper
Machakos County has been recognized by Bajeti Hub for its commitment to transparency, accountability, and sound public financial management in the 2025 County Budget Transparency Survey. This is the Second time the County is being recognized for budget transparency. The county was ranked 9th nationally among Kenya’s top-performing counties, with an index score of 74…
BAT managing director Crispin Achola-Photo|Courtesy
BAT Kenya warns proposed tobacco law amendments could cost govt sh12 b and threaten jobs
British American Tobacco Kenya (BAT Kenya) has raised concerns that proposed amendments to the country’s tobacco control laws could cost the government Sh12 billion in annual revenue and put more than 100,000 jobs at risk across the tobacco value chain. In a memorandum submitted to the National Assembly, BAT Kenya warned that provisions in the…
AFA recognizes top Coffee Cooperatives and stakeholders in Embu
The Agriculture and Food Authority (AFA) has recognized outstanding coffee cooperative societies and stakeholders for their contribution to promoting quality, productivity, transparency and value addition within Kenya’s coffee value chain. The recognition was made during the Coffee Stakeholders Awards Ceremony held in Embu County, bringing together farmers, cooperatives, processors and industry leaders to celebrate excellence…
NTSA summons Sacco officials after fatal Enterprise Road crash kills at least five
The National Transport and Safety Authority (NTSA) has summoned officials of Risen Sacco following a deadly road traffic crash in Nairobi that killed at least five people and left 15 others nursing injuries of varying severity. The incident allegedly occurred at approximately 8:00 PM on June 3, 2026, near the Dar es Salaam Roundabout opposite…
