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…
PS Patrick Kilemi and an official from the German Cooperative and Raiffeisen Confederation during the signing of the MoU-Photo|Courtesy
Kenya, Germany sign MoU to reform cooperative sector, protect members’ savings
Kenya’s cooperative movement is set for sweeping reforms after the Ministry of Co-operatives and MSME Development signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV), a partnership officials say will tighten governance, strengthen financial oversight, and safeguard millions of members’ investments. The deal, signed by Principal Secretary for Cooperatives Patrick…
Principal Secretary for Children Services Carren Ageng’o flagging off solar‑powered milk coolers to farmers in Muhoroni-Photo|Courtesy
Over 600 Muhoroni farmers to benefit from solar-powered milk coolers
More than 600 smallholder dairy farmers in Muhoroni Constituency are set to benefit from the installation of two solar‑powered milk coolers, part of a government programme designed to cut post‑harvest losses and expand market access in Kisumu County. The coolers, each with a capacity of 1,000 litres, were handed over through a partnership between the…
Governor Isaac Mutuma speaking during the inauguration of the Miraa Promotion Committee and the County Aggregation and Industrial Park (CAIP) Management Committee-Photo|Courtesy
Governor Mutuma terms speeding in miraa transport ‘foolishness’, calls for reforms
Meru Governor Isaac Mutuma has condemned the long‑standing culture of speeding among miraa transporters, describing it as “foolishness” that must be abandoned in favour of safer and more sustainable practices. Speaking during the inauguration of the Miraa Promotion Committee at the county headquarters, Mutuma said the reckless driving associated with miraa deliveries exposes both drivers…
Avocado Society of Kenya CEO Ernest Muthomi
Kenya to host Global Avocado Summit as industry eyes expanded markets
Kenya will host the sixth edition of Avocado Africa 2026, a major international summit that is expected to draw leading players in the global fruits and vegetables industry. The four‑day conference, scheduled for May 26–29 at the Sarit Expo Centre in Nairobi, will bring together farmers, exporters, investors, policymakers, researchers, development partners and agribusiness leaders…
Why Saccos should adopt Anti-Money Laundering Software
As your Savings and Credit Co-operative (Sacco)expands its influence and network, you are likely to face various risks, such as money laundering. Anti-Money Laundering, commonly referred to as AML, is a set of laws, regulations, and procedures designed to prevent and detect illegal financial activities, primarily money laundering. The primary purpose of AML measures is…
