Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Mumias Sugar 2021 Limited has announced that its factory in Western Kenya is fully operational and ready to receive sugarcane from all farmers following the completion of a planned four-week annual maintenance period. The firm, operated by Sarrai Group under a lease arrangement, said the maintenance work has been concluded and the factory is now…
Cucumber farming has become a highly lucrative venture for farmers in Kiambu County, offering a rapid return on investment due to the high demand in urban markets, hotels and supermarkets. Farmers say that cucumbers are slowly turning into green gold noting that they are generating high proceeds from the crop that has a short maturity…
The Kenya Bankers Association has raised concerns over the rising tax burden on Kenyan workers, arguing that salaried employees are currently paying higher income tax rates than companies. In a statement shared online on Monday, May 25, 2026, the association noted that Pay As You Earn (PAYE) tax stands at up to 35 per cent,…
The Senate Standing Committee on Agriculture, Livestock and Fisheries on Tuesday held a stakeholders’ consultative forum in Bungoma County to address persistent challenges facing the sugarcane subsector and explore ways of improving the livelihoods of farmers across the country. The forum, chaired by David Wakoli, brought together sugarcane farmers, farmers’ associations, representatives and management of…
The Kenya Union of Savings and Credit Co‑operatives (KUSCCO) has formally submitted the sector’s consolidated recommendations on the Finance Bill 2026/27 to the National Assembly, warning that poorly aligned tax measures could destabilise cooperative finance and burden households already grappling with rising living costs. At the heart of the submission is opposition to taxing internal…
Nineteen current and former officials of Metropolitan National Sacco have been charged in court over an alleged KSh14.4 billion fraud scheme and a series of violations of Kenya’s Sacco regulations linked to the management of the institution between 2012 and 2021. According to court documents presented by the prosecution, the accused persons face a principal…
Stakeholders appearing before the National Assembly Departmental Committee on Finance and National Planning have largely welcomed the government’s proposal to introduce a new tax amnesty programme under the Finance Bill, 2026, describing it as a significant relief measure for businesses burdened by outstanding tax liabilities. The proposed amnesty targets tax liabilities accrued up to December…
Treasury Cabinet Secretary John Mbadi has moved to calm public fears over the Finance Bill 2026, insisting that Safaricom’s M-Pesa platform will not be affected by proposed tax changes on digital money transfer services. Speaking at a press conference on Monday, May 25, 2026, Mbadi said the government’s focus is on ICT-driven digital intermediaries rather…
Fortune DT Sacco has launched an on‑ground member engagement and business activation campaign at its Nairobi Branch, targeting small and medium‑sized enterprises (SMEs) and existing members with tailored financial solutions. The initiative focuses on strengthening relationships through financial awareness sessions, deposit mobilisation, merchant account activation, and new member onboarding. Officials said the campaign is designed…
The Ministry of Co-operatives and MSME Development has signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV) that would open new financing opportunities for entrepreneurship, investment, and financial empowerment among young people and women-led enterprises. The deal, signed by Principal Secretary for Cooperatives Patrick Kilemi, aims to bridge the persistent…
