RUPSA Sacco Pushes for KUSCCO Insolvency over KSh17.7 billion liabilities
RUPSA Sacco has petitioned the High Court to place the Kenya Union of Savings and Credit Co-operatives (KUSCCO) under insolvency proceedings, citing severe financial distress that it says meets the threshold under the Insolvency Act. The matter is before the High Court’s Commercial and Tax Division, where RUPSA has asked judges to dismiss KUSCCO’s preliminary…
KRA rules out last-minute extension for filing 2025 tax returns
The Kenya Revenue Authority (KRA) has issued a stern reminder that all taxpayers must file their 2025 Income Tax Returns by midnight on Tuesday, June 30, 2026. The authority has made it clear that no extension will be granted this year, unlike in 2025 when extra time was allowed due to system congestion. In a…
PS Kilemi alongside KETSA officials during the launch. Photo Courtesy
KETSA launches Alternative Investment Fund to unlock new growth for teacher SACCOs
The Kenya Teachers SACCO Association (KETSA) has officially launched the KETSA Alternative Investment Fund (AIF), marking a major milestone in the transformation of Kenya’s cooperative movement and opening a new investment avenue for teacher-based Savings and Credit Cooperative Societies (SACCOs). The launch, held during the Association’s annual conference, brings to fruition a fund that has…
Ruto launches Revised MSME Policy 2026, flags Sh3 trillion financing gap on World MSME Day
President William Ruto on Saturday presided over Kenya’s 2026 World Micro, Small and Medium Enterprises (MSME) Day celebrations at the Kenyatta International Convention Centre (KICC) in Nairobi, where he officially launched the Revised MSME Policy 2026 aimed at transforming the sector into a globally competitive engine of inclusive growth. The revised policy seeks to create…
President William Ruto during the World MSME Day celebrations at the KICC-Photo|Courtesy
Ruto: Affordable credit remains biggest obstacle for MSMEs
President William Ruto has urged a fresh approach to financing micro, small and medium enterprises (MSMEs), stressing that lack of affordable credit continues to be the greatest challenge facing the sector. Speaking during the 2026 World MSME Day celebrations at the Kenyatta International Convention Centre (KICC), Ruto acknowledged government efforts to support entrepreneurs but insisted…
President William Ruto speaking during the Hustler Fund second anniversary-Photo|Courtesy
Ruto: Hustler Fund disburses Ksh90 billion, restores credit access for millions
President William Ruto has revealed that the government’s Hustler Fund has disbursed nearly Ksh90 billion to more than 27 million Kenyans, while enabling over two million borrowers previously blacklisted by Credit Reference Bureaus (CRB) to rebuild their creditworthiness and rejoin the formal financial system. Speaking on Saturday, June 27, 2026, during World MSME Day, Ruto…
Treasury CS John Mbadi-Photo|Courtesy
CS Mbadi pledges stronger support for women-led enterprises
Treasury Cabinet Secretary John Mbadi has reiterated the government’s commitment to empowering women-led small and medium enterprises (SMEs), emphasizing their critical role in driving poverty reduction and economic growth. Speaking during a women empowerment forum at Ndiru Primary School in Homa Bay Town Constituency on Friday, June 26, 2026, Mbadi underscored the importance of women…
President William Ruto during the World MSME Day celebrations at the KICC-Photo-Courtesy
President Ruto urges banks to boost MSME lending
President William Ruto has called on commercial banks to expand credit access for micro, small, and medium enterprises (MSMEs), warning that limited financing continues to stifle growth in one of Kenya’s most vital economic sectors. Speaking at the World MSME Day celebrations held at the Kenyatta International Convention Centre (KICC) in Nairobi, the President emphasized…
President William Ruto signing the Finance Bill into Law-Photo|Courtesy
Finance Act 2026 exempts SACCOs, banks from VAT on repossessed collateral sales
Savings and Credit Cooperative Organizations (SACCOs), banks, and other financial institutions will no longer pay Value Added Tax (VAT) on the sale or disposal of repossessed collateral, following amendments introduced in the Finance Act 2026, which was signed into law by President William Ruto on June 23, 2026. This amendment marks a significant shift in…
The Kenya Sugarcane Growers Association (KESGA)Secretary Richard Ogendo addressing the media in the past-Photo|Courtesy
Sugarcane farmers urge president Ruto to act against cartels blocking sector reforms
Sugarcane farmers from the Nyanza region have called on President William Ruto to intervene decisively in the sugar industry, accusing entrenched cartels of undermining reforms and exploiting growers. The farmers, through the Kenya Sugarcane Growers Association, warned that recent gains in the sector risk being eroded unless the government cracks down on vested interests. Speaking…
