Arnold Munene, Group Managing Director, KUSCCO-Photo|Courtesy
Why Saccos are up against the provisions of the Finance Act, 2026
Finance Act 2026 introduces stricter tax compliance, faster reporting deadlines, and expanded KRA enforcement powers affecting Saccos. Saccos warn the changes could strain liquidity, increase compliance costs, and disrupt lending and member access to savings. KUSCCO is pushing for tax law amendments to protect co operative members and harmonise taxation with the Co operative Societies…
CPA Dickson Okungu, Hazina Sacco CEO speaking during the Sacco's 42nd ADM in February. Photo: Hazina Sacco Facebook page
Hazina Sacco assures members their deposits remain safe amid infrastructure fund rumours
Hazina Sacco has assured members their deposits remain safe and are protected under the Sacco Societies Act and SASRA regulations. The Sacco dismissed rumours that members’ savings would be used to finance the National Infrastructure Fund, urging members to remain calm. The National Treasury and State Department for Cooperatives have also denied the claims, saying…
Court blocks AGOL from expanding into Mombasa mangrove forest
High Court stops AGOL from expanding into protected Kilindini Bay mangrove forest. Existing AGOL operations may continue, but no new major construction is allowed. Case challenging the legality of the forest land allocation set for priority hearing. The High Court in Mombasa has ordered a halt to any further expansion or new construction by African…
John Raymond Ngala, Kilifi County Exective Committee Member for Cooperative development reading Governor GideonMung'aro's speech during this years Ushirika Day celebration. Photo/ Tzozungu Kombe
Kilifi Governor announces Sh6 million matching grants for 12 Saccos
Kilifi County awarded Ksh6 million in matching grants to 12 Saccos under its Shilling kwa Shilling Initiative. Governor Gideon Mung’aro also set aside Ksh15 million this financial year to expand the programme and boost affordable farmer loans. He urged speedy enactment of the Cooperative and Sacco laws to strengthen regulation and support the sector. Governor…
eCitizen to suspend payment services for maintenance
eCitizen payments suspended from 7 PM to midnight on July 18. Maintenance aims to improve the payment system. Users should complete payments before 7 PM or after midnight. The Directorate of eCitizen Services has notified the public that all payment services on the eCitizen platform will be temporarily suspended for system maintenance on Saturday, July…
Kenya to pay higher tariffs for Ethiopian electricity under renewed deal
Kenya Power raises Ethiopia power import tariff to about Ksh 20 per unit. Ethiopian electricity now supplies over 10% of Kenya’s grid. Kenya plans to expand Ethiopian power imports to Marsabit and Mandera. Kenyan electricity consumers face a new cost reality after Kenya Power agreed to pay approximately Ksh 20 (15.5 US cents) per kilowatt-hour…
ACCOSCA opens 2026 SACCA congress registration
Registration for the 2026 SACCA Congress in Dar es Salaam is now open, with early bird rates available until August 17, 2026. Kenya is expected to send one of the largest delegations, backed by its strong ties with ACCOSCA and growing role in Africa’s cooperative movement. Registration has opened for the 26th Savings and Credit…
Carol Kariuki, who has been appointment as an independent non-executive director to the Equity Bank Kenya Board. Photo: Courtesy
NSE hails Carole Kariuki following appointment to Equity Bank Kenya Board
NSE congratulates Carole Kariuki on joining the Equity Bank Kenya Board. Kariuki has led KEPSA since 2010. NSE says her leadership will strengthen Equity Bank. The Board of the Nairobi Securities Exchange (NSE) PLC has congratulated Carole Kariuki following her appointment as an independent non-executive director to the Equity Bank Kenya Board. The NSE described…
Acting Chief Executive Officer (CEO) Philemon Chebii. Photo: Philemon Chebii on Linkedin
Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires
Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires. Chebii, a over 20-year Boresha Sacco veteran, takes over as acting CEO. Board names Philemon Chebii acting CEO pending substantive appointment Boresha Sacco has appointed Philemon Chebii as the Acting Chief Executive Officer (CEO) following the retirement of Jacob Mengich who has been holding…
ASK Chairperson Rose Omondi while issuing updates on the preparations for upcoming event. Photo: Courtesy
Kisumu ASK Show targets 200 exhibitors in major turnout boost
Kisumu National Show will host a record 200 exhibitors from 22 to 26 July. The rebranded event will showcase climate smart agriculture, innovation and trade. Organisers have assured security and a wide range of exhibitions and arena events. Preparations for this year’s Kisumu National Show are now complete, with officials reporting that the event will…
