Sacco Review - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Finance Bill 2025: Gov’t slashed digital assets tax on crypto, NFTs to 1.5%

Sacco ReviewMay 10, 2025May 10, 202506 mins

The National Treasury is slashing the three per cent levy on digital assets trade introduced in 2023 by half to 1.5 per cent in the 2025 Finance Bill. A digital asset is anything identifiable that is created and stored digitally and has or provides value. The tax has targeted people dealing in crypto currencies and non-fungible tokens…

Equity Group, African Guarantee Fund strike Ksh.64B deal to boost MSMEs in Africa

Sacco ReviewMay 10, 202504 mins

Equity Group and the African Guarantee Fund (AGF) have renewed and expanded their strategic partnership in a groundbreaking Ksh.64 billion which seeks to accelerate access to finance for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa. The facility is expected to unlock Ksh.129.5 billion in lending and sustain over 50,000 jobs, especially…

Call for Innovation in cooperative sector as three day annual conference ends

Sacco ReviewMay 10, 202506 mins

The 20th Annual National Cooperatives Workshop for Chief Executive Officers (CEOs) concluded on Thursday, May 8, with a strong call to embrace change and spearhead transformation within the cooperatives sector. Held at the Sarova Whitesands Beach Resort in Mombasa County, the three-day event brought together cooperative leaders from across the country to discuss challenges, opportunities,…

Equity group’s Dr.James Mwangi honored with UNHCR Visionary Award

Sacco ReviewMay 9, 202504 mins

Equity Group Foundation Executive Chairman Dr. James Mwangi has received the United Nations High Commissioner for Refugees, UNHCR Visionary Award for his bold leadership and pioneering efforts in financial inclusion for displaced communities across Africa. The citation of the award presented at the Africa Forum on Displacement 2025 in Nairobi illustrated how Dr Mwangi is an inspiring champion and…

Meru set to introduce stringent measures in revenue collection to hit Ksh 550 million target,

Sacco ReviewMay 8, 202504 mins

The Meru County Assembly has vowed to introduce stringent measures to enhance revenue collection to hit the targeted Ksh. 550 million in the next financial year. Led by the Chairperson Select Committee on County Budget and Appropriation Martin Koome Makasi, the MCAs regretted that during the past regime, despite targets being set they were never…

Kenya marks 2025 International Tea Day with bold vision for sustainability, market reforms

Sacco ReviewMay 8, 202509 mins

The lush, rolling hills of Nyeri were alive with color and celebration as Gitugi Tea Factory played host to the national launch of International Tea Day 2025 on Friday. The event brought together top government officials, sector players, farmers, and international guests, reflecting the growing importance of tea in Kenya’s economy and the bold new…

Government launches countrywide review of MSME Act, Policy 2025,

Sacco ReviewMay 8, 202508 mins

The national government has launched a countrywide public participation and stakeholder engagement campaign to review the draft Micro, Small and Medium Enterprises (MSME) Policy 2025 and the amended MSE Act. The review is meant to eliminate barriers hindering the growth of small businesses across the country. The forum which was held at Lowland Hotel in…

MSEA donates machines to Meru youths in small micro- enterprises

Sacco ReviewMay 8, 2025May 9, 202506 mins

The Micro and Small Enterprise Authority (MSEA) donated equipment and machines to more than 30 Micro and Small Enterprises youth groups in Meru County. The donation of the essential tools and equipment is meant to help start, grow and boost their businesses. The groups benefited from equipment such as sewing machines that were issued to…

House prices in Nairobi’s satellite towns shots as city suburbs prices drop, HassConsult reports

Sacco ReviewMay 8, 202505 mins

HassConsult has released the Hass Property Price Indices for the first quarter of 2025, showing that house prices in Nairobi’s satellite towns grew at the fastest pace in two-and-a-half years on rising demand due to more affordable prices. Overall property prices rose by 2.45 per cent in the quarter, compared to growth of 0.8 per…

Financial planning is key to Co-op members’ wealth creation

Sacco ReviewMay 8, 2025May 8, 202509 mins

The importance of financial planning education to co-operative society members, especially those in Savings and Credit Co-operative (Sacco) Societies cannot be wished away. Financial planning, which involves the process of creating a comprehensive strategy to manage one’s finances and achieve their financial goals, remains one of the most critical economic wheels driving co-operative members’ wealth…