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

Scale down tax on digital transactions and phones to support small businesses, MPs urged

Sacco ReviewJune 7, 2026June 7, 2026011 mins

Residents of Taita Taveta County have called on the National Assembly to scale down proposed taxes on digital transactions and mobile phones, warning that the Finance Bill, 2026, could stifle innovation, entrepreneurship, and youth employment in the digital economy. Led by representatives from the National Youth Council (NYC) Taita Taveta chapter, the residents who were…

Livestock outpaces other agricultural sectors in global growth: FAO study

Sacco ReviewJune 7, 2026June 7, 202605 mins

Livestock has emerged as the fastest‑growing component of global agriculture, according to a new study by the Food and Agriculture Organisation (FAO), which highlights rising demand for animal‑source foods such as poultry, eggs and pork. The report shows that the global supply of terrestrial animal‑source foods (TASF) has expanded sharply over the past six decades,…

Isiolo hosts sixth MSME Connect forum to boost small business growth

Sacco ReviewJune 7, 202604 mins

Isiolo County has stepped up efforts to strengthen small businesses by hosting the sixth edition of the Kenya Public‑Private Sector MSMEs Dialogue- the MSME Connect Forum. The event brought together entrepreneurs, government agencies, financial institutions, and development partners to explore opportunities for enterprise growth and resilience. Hundreds of business owners from across the county attended…

Co-operative leaders chart new governance agenda at Mombasa meeting

Sacco ReviewJune 6, 202603 mins

The Co-operative Alliance of Kenya (CAK) has concluded a high‑level meeting of chairpersons and vice‑chairpersons of co-operatives and SACCOs in Mombasa, setting a new agenda for governance, unity and sector transformation. The gathering brought together leaders from across the country to deliberate on strengthening accountability and aligning operations with emerging regulatory frameworks, including the New…

Saccos join private sector in opposing KRA’s expanded powers under Finance Bill 2026

Sacco ReviewJune 6, 202604 mins

Savings and credit cooperative Societies (Saccos) have become the latest institutions to oppose proposals in the Finance Bill 2026 that would allow the Kenya Revenue Authority (KRA) to freeze bank accounts and recover funds even while tax disputes remain unresolved. The Kenya Union of Savings and Credit Cooperatives (Kuscco) told the National Assembly’s Finance and…

How SACCOs have become the unsung heroes of teachers’ financial survival stories

Sacco ReviewJune 6, 2026010 mins

If you want to understand the financial life of a Kenyan teacher, think of a candle: always burning at both ends. Teachers are not just the guardians of the classroom; they are breadwinners, community leaders, and the ‘bankers of last resort’ in extended families. Yet, ironically, they are also some of the most financially strained…

Housing among biggest winners as MPs approve 2026/27 budget estimates

Sacco ReviewJune 5, 202604 mins

The National Assembly has approved the revenue and expenditure estimates for the 2026/2027 financial year, passing a budget that places strong emphasis on housing, education, health, and social protection programmes. The framework, presented by the Budget and Appropriations Committee after public participation and sector consultations, was adopted by lawmakers who said the allocations are designed…

Senate, Kepsa urge counties to eliminate bureaucratic barriers to investment

Sacco ReviewJune 5, 202604 mins

The Senate and the Kenya Private Sector Alliance (Kepsa) have urged counties to eliminate bureaucratic barriers that continue to frustrate investors, warning that streamlined regulations and efficient service delivery are essential to unlocking economic growth and strengthening devolution. Speaking at the opening of the Senate Liaison Committee Roundtable, committee chair Kathuri Murungi said persistent inefficiencies…

Housing Levy as collateral: workers face longer tax burden

Sacco ReviewJune 5, 202606 mins

The government has unveiled plans to leverage proceeds from the 1.5 per cent Affordable Housing Levy as collateral for a KSh100 billion loan through securitisation, a move that suggests the deduction may remain a long-term fixture on workers’ payslips. Disclosures by a Parliamentary committee show that the State Department for Housing plans to take the…

Machakos ranked 9th nationally in 2025 Budget Transparency Survey, earns top score for County Budget Paper

Sacco ReviewJune 5, 2026June 5, 202603 mins

Machakos County has been recognized by Bajeti Hub for its commitment to transparency, accountability, and sound public financial management in the 2025 County Budget Transparency Survey. This is the Second time the County is being recognized for budget transparency. The county was ranked 9th nationally among Kenya’s top-performing counties, with an index score of 74…