Legislation – Page 5 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Oparanya unveils bold SACCO reforms after Ksh 13B scandal

Sacco ReviewJuly 2, 202504 mins

Co-operatives and MSMEs Development CS Wycliffe Oparanya stood before SACCO leaders at Kenya Union of Savings and Credit Co-operatives (KUSCCO).on 23 June, 2025, and delivered an upbeat progress report on the sector clean-up launched after the KSh 13 billion KUSCCO scandal. He said investigative files have been handed over for prosecution and promised that “every…

Gender equity milestone triumphs in cooperatives, as NCGP completes validation process

Sacco ReviewJuly 2, 202506 mins

In a landmark achievement for gender equity and inclusivity, the National Cooperative Gender Platform (NCGP) has successfully completed its validation process, marking a significant milestone in the cooperative sector. This development, announced recently, underscores a growing commitment to ensuring that cooperatives—long celebrated for their democratic and community-driven ethos—become equal playing fields for all genders. The…

Tea, coffee packaging materials to be zero-rated as Ruto signs Finance Bill 2025 to law

Sacco ReviewJune 26, 202503 mins

President William Ruto has signed the Finance Bill 2025 into law to ease the cost of doing business, and bolster economic growth across key sectors. The bill which was passed by the National Assembly on June 19, amends six key tax laws: the Income Tax Act, the Value Added Tax Act, the Excise Duty Act,…

Gov’t allocates Ksh47.6 billion in 2025/26 budget to transform agriculture sector

Sacco ReviewJune 20, 2025June 20, 202507 mins

Cabinet Secretary for National Treasury and Economic Planning John Mbadi on Thursday, June 12, 2025 presented a Ksh 4.2 trillion spending plan for the 2025/26 financial year at Parliament buildings in Nairobi. The CS proposed an allocation of a total of Ksh 47.6 billion for various programs under agriculture sector. The allocation is expected to …

State Department of Cooperatives engages senate on Cooperatives bill 2024

Sacco ReviewJune 18, 202503 mins

State Department of Cooperatives Principal Secretary Patrick Kilemi on Tuesday led officials from the department on an engagement forum with the Senate Standing Committee on Trade, Industrialization and Tourism on draft Cooperatives Bill No. 7 of 2024. The PS who was speaking during the forum in Naivasha said the bill proposed amendments are aimed at…

President Ruto assents Anti-Money Laundering bill that empowers SASRA in regulating Saccos

Sacco ReviewJune 17, 202505 mins

President William Ruto has assented to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025. The head of state also signed into law the Insurance Professionals Bill (National Assembly Bills No. 13 of 2024). The Anti-Money Laundering and Combating of Terrorism Financing legislation is designed to strengthen Kenya’s framework for tackling money…

Kenyans face potential food shortages as agriculture budget slashed

Sacco ReviewJune 14, 202504 mins

The agricultural sector faces a significant setback following a substantial budget cut in the latest national allocation. Treasury Cabinet Secretary John Mbadi announced a reduction of Ksh7 billion for agriculture, bringing the total allocation to Ksh47.6 billion down from Ksh54.6 billion in the previous fiscal year. This move has sparked considerable concern, with warnings that…

Muguka wins as DP Kindiki intervenes in the new Bill

Sacco ReviewJune 10, 202506 mins

Muguka farmers in Embu County have a reason to smile after a bill that threatened to strip the crop of state protection was dropped following the intervention of Deputy President Kithure Kindiki. The proposed amendment to the Crops Act 2025, introduced by Kilifi North MP and National Assembly Majority Whip Owen Baya, aimed to delist Muguka from…

CS Oparanya orders Cooperatives, MSMEs to file annual returns or face deregistration

Sacco ReviewJune 9, 2025June 9, 202506 mins

Cabinet Secretary for Cooperatives and MSMEs, CS Wycliffe Oparanya, has ordered all cooperative societies that have not filed their annual returns to do so by June 30, or risk deregistration. “As stipulated under the Cooperative Societies Act, all cooperative societies, including unions, national cooperative organizations, and apex cooperatives, are required to file their annual returns…

CBK to pump KSh 180m into SafetyNet to protect SACCO cash

Sacco ReviewMay 27, 202509 mins

The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…