Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KRA uncovers a major VAT fraud scheme involving fictitious invoices worth billions of shillings. Investigations reveal links between businesses, individuals and possible internal facilitation. Taxpayers using fake invoices face prosecution as KRA moves to recover lost revenue. The Kenya Revenue Authority (KRA), through its Investigations and Enforcement Department, has uncovered a sophisticated tax fraud scheme…
Kenya is being urged to shift from importing goods towards expanding its domestic manufacturing capacity. Business leaders are highlighting regional markets as an opportunity to drive investment and economic growth. Calls for predictable taxes and simpler licensing are adding to the debate on how to strengthen local enterprises. Investments, Trade and Industry Cabinet Secretary Lee…
Kisumu is moving to establish a new investment hub focused on life sciences and pharmaceutical manufacturing. The proposed project is drawing attention to the county’s push to attract industries and expand opportunities for young people. A land donation has helped advance plans for the proposed development in Muhoroni. The County Assembly of Kisumu has approved…
Safaricom is calling for stronger safeguards as artificial intelligence reshapes the cybersecurity landscape. Kenya’s rising cyber threat activity is intensifying pressure on organisations to strengthen digital protection. Small businesses are facing growing calls to prioritise security as they expand their use of digital services. Safaricom has called for stronger cybersecurity safeguards as the growing adoption…
KUSCCO borrowers face continued repayment obligations despite the organisation’s ongoing liquidation. Creditors have been asked to take formal steps to have their outstanding debts recognised. The winding-up process has placed fresh attention on the requirements for borrowers and creditors. The Kenya Union of Savings and Credit Co-operatives Union Limited (KUSCCO) has directed all its debtors…
United Winners Sacco has visited Kingdom Sacco for a benchmarking exercise focused on technology, customer experience and operational efficiency. The visiting team sought to learn from Kingdom Sacco’s practices in optimising technology and improving service delivery, according to the host institution. Kingdom Sacco said the engagement provided an opportunity for the two institutions to exchange…
Kenyan tea farmers have banked Ksh1.6 billion from the Mombasa Tea Auction, helped by buyers who paid more for premium grades. Prices were strongest east of the Rift. According to a report by the East African Tea Trade Association (EATTA), most factories in the Mt Kenya region sold their tea above Ksh387 per kilo. Michimikuru…
Two Kenyan Saccos have earned places on a major technology recognition list. Digital transformation is gaining prominence as financial co-operatives compete to improve member experiences. The industry is awaiting the final announcement that will determine this year’s recognised organisations. Mwalimu National DT SACCO and Mhasibu DT SACCO have secured places on the CIO100 Awards 2026…
Kenya has raised concerns over a global coffee industry struggling to keep smallholder farmers in production. Calls for reforms are growing as growers face mounting pressure from poor returns and rising production challenges. International cooperation is emerging as a key part of efforts to secure the future of coffee farming. Cabinet Secretary (CS) for Agriculture…
Uwezo Fund beneficiaries are drawing attention at a major continental business gathering. Women, youth and entrepreneurs with disabilities are pushing for greater access to business growth opportunities. Fresh calls are emerging for stronger links between small businesses and long-term financing. Women, youth and persons with disabilities benefiting from the Uwezo Fund have emerged as a…
