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

Proposed Bill to compel foreign firms to hire Kenyans, with penalties up to Ksh100 million for violation

Sacco ReviewApril 7, 2026April 7, 202604 mins

Kenya is set for a major policy shift in how foreign companies operate, following the introduction of the Local Content Bill, 2025. The proposed law, sponsored by Laikipia County Woman Representative Jane Kagiri, has already passed its First Reading in the National Assembly, and aims to strengthen local participation in the economy by imposing strict…

Report: Mobile money loans surge in Kenya amidst growing financial inclusion

Sacco ReviewApril 7, 202606 mins

A new report by the Global System for Mobile Communications Association (GSMA) has highlighted a significant shift in Kenya and Sub-Saharan Africa, where mobile money has become the preferred source of borrowing for many adults. GSMA’s State of Industry report indicates that the region is driving a major expansion of mobile money accounts, which now…

KRA defends proposal to expand VAT coverage as beneficial to small businesses

Sacco ReviewMarch 29, 2026March 29, 202606 mins

The Kenya Revenue Authority (KRA) has defended its proposal to expand value-added tax (VAT) coverage, insisting that the reform will not harm small businesses but instead ease the burden on a few compliant firms while boosting domestic revenue. The plan, which seeks to raise VAT’s contribution to gross domestic product (GDP) by two percentage points,…