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…
Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA
KRA retains 8 per cent rate across fringe benefit, deemed and low-interest taxes
The Kenya Revenue Authority (KRA) has retained the prescribed interest rate at 8 per cent across three separate tax categories; the Fringe Benefit Tax, deemed interest and low interest benefit. In a public notice issued on July 8, 2026, the tax man said that the three categories will run on different timelines through the rest…
Court orders gov’t to disclose details of duty-free rice importation programme
The High Court in Kisumu has ordered the government to publicly disclose details of its controversial duty-free rice importation programme, requiring key State agencies to explain how the scheme is being implemented. High Court, Justice Alfred Mabeya issued the directive after certifying as urgent a petition filed by the Ahero Rice Farmers Association, which is…
Housing and Urban Development PS Hinga speaking in Kisumu County on Wednesday, July 8.
PS Hinga faces contempt sentencing amid 85 lawsuits over Affordable Housing Programme
Housing Principal Secretary (PS) Charles Hinga has revealed that he is battling more than 85 court cases tied to his role in the Affordable Housing Programme, among them a contempt of court matter in which he was due to be sentenced on Wednesday, July 8, “I have over 85 cases that I am defending. This…
Wakenya Pamoja Sacco Society Limited Chief Executive Officer Isaac Omwenga speaking during a previous function-Photo|File
Cooperatives champion unity and tight governance amid regional expansion
Leaders of major Savings and Credit Cooperative Societies (Saccos) are calling for heightened unity, strict governance and strategic market cooperation to secure members’ wealth and drive sustainable economic growth. Speaking during the 104th Ushirika Day celebrations held at the Gusii Coffee Farmers Cooperative Union (GCFCU) in Kisii Central, regional industry leaders emphasized that market expansion…
Kenya beats Tanzania to land Dangote’s KSh2.59 trillion refinery in Lamu
Kenya edged out Tanzania after Dangote Group weighed a combination of geographical positioning, existing infrastructure and commercial viability Nigerian billionaire Aliko Dangote has settled on Lamu as the site for his long-anticipated East African oil refinery, closing months of uncertainty over whether the multibillion-shilling project would rise on Kenya’s coast or in Tanzania’s port town…
Kenya’s new Sovereign Wealth Fund explained in simple terms
President William Ruto has signed the Sovereign Wealth Fund Act into law, marking a new chapter in Kenya’s economic journey. The name sounds technical and complicated, but the idea behind it is actually quite simple. It is about saving today so that the country can have a better tomorrow. Imagine a family that receives an…
CS Kagwe Speaking at the opening of the Kenya Meat Conference 2026 in Nyeri-Photo|Courtesy
AMR threat could lock Kenya out of global meat markets, CS Kagwe Warns
Cabinet Secretary for Agriculture and Livestock Development Mutahi Kagwe has warned that the growing threat of antimicrobial resistance (AMR), fueled by the misuse of veterinary medicines, could undermine Kenya’s access to lucrative international meat markets if urgent action is not taken. Speaking during the opening of the Kenya Meat Conference 2026 in Nyeri, Kagwe said…
Alarm as proposed SACCO Amendment Bill 2025 sparks fears over members’ savings
Thousands of SACCO members across Kenya could see significant changes in how their savings are managed if the proposed SACCO Societies (Amendment) Bill, 2025 becomes law, with critics warning that some provisions may weaken member control over cooperative societies and expose savings to increased risks. The Bill, which is currently attracting debate among cooperative stakeholders,…
Kericho farmers urge Tea Board of Kenya to scrap new 0.8pc Tea Levy
Tea farmers in Kericho County have called for the immediate withdrawal of a newly introduced 0.8 per cent tea levy, saying the charge will deprive earnings further at a time when they are already grappling with poor returns and mounting production costs. Speaking during the 104th Ushirika Day celebrations held at Kericho Primary School, the…
