SASRA data shows majority of SACCO members hold less than KSh100,000 in deposits
SASRA data shows that nearly 92% of SACCO members hold balances of KSh100,000 or less, with 89% below KSh50,000, highlighting the small‑scale nature of savings among millions of Kenyans. Proposed amendments to the Sacco Societies Act aim to operationalize a KSh100,000 compensation ceiling, modernize SACCOs through shared technology services, and establish a central liquidity framework…
Chairman of Muka Mukuu Farmers Cooperative Society in Matungulu Sub-county,Dominic Nthwao-Photo|Gastone Valusi
High Land Valuation and Stamp Duty costs deny Matungulu farmers title deeds
Farmers say high land valuation rates, with stamp duty charged at 4% of Sh1 million per acre, are locking many out of acquiring title deeds. Farmers in Matungulu Sub‑county say high land valuation rates, which push up stamp duty fees, have left many unable to secure title deeds for their parcels. The concern was raised…
Youths from Wajir County participate in a Capital Markets Authority financial literacy forum on investment opportunities in Kenya's capital markets
Wajir youth urged to invest beyond livestock and land as CMA expands outreach
The initiative aims to deepen financial inclusion by exposing residents to investment opportunities that have traditionally recorded low uptake in northern Kenya Youths have been urged to seize the opportunity noting that formal employment opportunities were becoming increasingly scarce The Capital Markets Authority (CMA) has rolled out a major financial literacy campaign in Wajir County,…
Treasury CS John Mbadi speaking during a past event.
Treasury CS unveils new tax filing deadlines for PAYE employees, nil return filers
National Treasury Cabinet Secretary John Mbadi has announced new tax filing reforms targeting individual taxpayers and nil return filers in a bid to ease pressure on the Kenya Revenue Authority (KRA) online portal during the annual tax compliance period. The changes follow the congestion experienced on the KRA system ahead of the June 30, 2026…
Governor Wavinya Ndeti inspect the Mwala Water Clustwr Project intake at Kisekini village in Matungulu Sub-county-Photo|Gastone Valusi
Governor Wavinya inspects Mwala cluster water project, cautions against vandalism
Machakos Governor Wavinya Ndeti has inspected the Mwala Cluster Water Supply Project intake at Kisekini in Matungulu Sub‑county, cautioning residents against vandalism of the facility that is set to serve more than 10,000 residents and farmers across Machakos. The inspection formed part of her development tour of Matungulu Sub‑county, where she made several stopovers to…
Unywani Coffee Factory, Manager John Kaloki stand front of store where coffee worth millions was last night stolen from the factory-Photo|Gastone Valusi
Thieves raid Kangundo coffee factory, steal 70 bags worth millions
Thieves armed with pangas attacked guards, tied them up, and stole over 70 bags of coffee worth millions, along with a water pump. Factory manager John Muli Kaloki urged police to intensify patrols and investigations, while calling on area MP Fabian Kyule to help farmers recover from the heavy losses. A night raid at Unywani…
Agriculture CS Mutahi speaking at the World Food Prize Foundation's DialogueNext Forum on July 1.
Kenya losing billions to raw export loopholes, says CS Kagwe
Agriculture Cabinet Secretary Mutahi Kagwe has said Kenya continues to lose billions of shillings in potential revenue by exporting raw agricultural produce instead of value-added products, leaving foreign countries to earn the highest returns through processing, packaging, and branding. Speaking on Wednesday, July 1, during the World Food Prize Foundation Dialogue Next Forum, Kagwe criticised…
Biashara DT Sacco mourns the passing of Supervisory Committee Chairman Patrick Wanjohi Maina
Biashara DT Sacco Ltd has announced the death of Patrick Wanjohi Maina, who served as the Chairman of its Supervisory Committee. In a obituary notice in one of the dailies, the Sacco conveyed its heartfelt condolences to his family, friends, colleagues, and all those whose lives he touched. “It is with deep sorrow that we…
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World Bank allocates Ksh97 B to boost Kenya’s anti-corruption and governance reforms
World Bank approves Ksh97 billion to support Kenya’s anti-corruption efforts, governance reforms, and better public financial management. Funds will strengthen transparency through stricter procurement rules, improved financial oversight and enhanced systems to curb fraud and misuse of public resources. The World Bank, through the Second Green and Resilient Inclusive Growth Development Policy Operation (DPO), has…
Ikolomani MP Bernard Shinali, the Chairperson of the National Assembly's Departmental Committee on Trade, Industry and Cooperatives. Photo/Courtesy
MPs question Ksh100,000 deposit insurance ceiling under proposed Sacco law
MPs have questioned a proposal in the Sacco Societies (Amendment) Bill, 2025 to cap deposit insurance compensation at KSh100,000, warning that the limit could leave members with larger savings exposed if a SACCO collapses. Lawmakers urged SASRA to adopt a more flexible and depositor-friendly framework that strengthens oversight, protects members’ savings, supports innovation, and avoids…
