Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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,…
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 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 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…
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 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…
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…
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…
In the midst of a growing leadership struggle within the Kenya Union of Savings and Credit Cooperatives (KUSCCO), former directors who were recently ousted from office are protesting the decision and the official removal order. The former directors who are now directors and executives in various SACCOs were removed from the KUSCCO office after the…
Deputy President Prof. Kithure Kindiki has confirmed that the government has developed policies to rescue the economy and ensure farmers get the highest earnings from their produce. Speaking at a Thanksgiving mass at Riiji Catholic church service in Central Imenti constituency, Meru, the deputy President said Kenya Kwanza administration has already developed strategies and policies to…
