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

New milestone as Kingdom Bank receives ISO Certification

Sacco ReviewApril 18, 2024April 18, 202404 mins

Kingdom Bank, a subsidiary of the Co-operative Bank of Kenya reached yet another milestone in their relentless quest to provide world class service to their clientele by attaining the International Organization for Standardization/International Electrotechnical Commission (ISO/IEC 27001:2022) certification. ISO prestigious accreditation underscores the bank’s unwavering dedication to ensuring the highest standards of information security management….

Kisumu traders asks lawyer to drop case challenging bus park project

Sacco ReviewMarch 8, 202402 mins

The traders said during a public participation organised by the county administration that they stand to lose if the case in court drags on for a long time. The lawyer moved to the Environment and Land Court to challenge the presence of the park in the area alleging that it would interfere with learning at…

Court of Appeal gives Saccos greenlight to share members’ details with CRB

Sacco ReviewFebruary 28, 2024February 28, 202404 mins

The Appeal Court has given orders barring an High Court ruling delivered in September last year which nullified the Banking (Credit Reference Bureau-CRB) Regulations 2020 pending the hearing and determination of the appeal case filed by the Central Bank of Kenya (CBK). The implication is that Saccos are now free to share members’ details with…

Co-operative Bill deferred after governors complain of being sidelined

Sacco ReviewFebruary 28, 2024February 28, 202407 mins

The Co-operative Bill, 2023 has now been put on hold after county governors claimed that they were not consulted during the drafting. Sponsored by the government through the Ministry of Co-operatives and Micro, Small and Medium-sized Enterprises (MSMEs) Development, the Bill was in Parliament to allow for its first reading before proceeding to other stages…

Kenyans in informal sector to pay Housing levy if amended Bill is passed

Sacco ReviewDecember 8, 2023December 8, 202303 mins

The controversial Affordable Housing Bill, 2023 has been amended to solicit the 1.5% Housing Levy contributions from individuals in the informal sector. This is after a three-judge bench declared the levy unconstitutional last week due to its discriminatory nature and unequal principles as it only targeted salaried Kenyans and expanded the tax to include incomes…