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Bankers Association calls for PAYE cut as workers face growing tax pressure

Sacco ReviewMay 27, 202603 mins

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,…

National Assembly Departmental Committee on Finance and National Planning chair Molo MP Kuria Kimani.

Stakeholders back tax Amnesty in Finance Bill 2026, seek extended deadlines

Sacco ReviewMay 26, 202606 mins

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…

Kenya, Germany sign MoU to reform cooperative sector, protect members’ savings

Sacco ReviewMay 25, 202604 mins

Kenya’s cooperative movement is set for sweeping reforms after the Ministry of Co-operatives and MSME Development signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV), a partnership officials say will tighten governance, strengthen financial oversight, and safeguard millions of members’ investments. The deal, signed by Principal Secretary for Cooperatives Patrick…

Govt pushes Ksh4.5 billion tea factories modernization to boost farmer earnings

Sacco ReviewMay 24, 2026011 mins

The government, through the Ministry of Agriculture and Livestock Development, is mobilizing Ksh4.5 billion to modernize tea processing and expand value-addition infrastructure in a move aimed at boosting farmers’ earnings, lowering production costs, and strengthening Kenya’s position in the global tea market. The upgrade programme, which targets aging factories and weak value addition capacity within…

Gov’t to waive import duty on first 100,000 electric vehicles, Says President Ruto

Sacco ReviewMay 23, 202603 mins

President William Ruto has announced that the first 100,000 electric vehicles (EVs) imported into Kenya will be exempt from import duty as part of the government’s efforts to accelerate the country’s transition to clean energy transport and strengthen the economy. The President said the tax waiver will apply to both private and commercial electric vehicles,…

Hustler Fund faces KSh5 billion liquidity crunch as thousands of borrowers are locked out

Sacco ReviewMay 22, 202603 mins

Hustler Fund is grappling with a severe liquidity crisis that has left thousands of borrowers unable to access credit, raising fresh questions about the sustainability of the government’s financial inclusion programme. Appearing before the Parliamentary Committee on Trade, Industry and Investment, officials from the State Department for MSMEs disclosed that the fund requires an immediate…

Oparanya decries persistent underfunding, says ministry struggling to deliver mandate

Sacco ReviewMay 22, 202603 mins

Co‑operatives Cabinet Secretary Wycliffe Oparanya has raised alarm over what he termed persistent underfunding in his Ministry, warning that the financial strain is undermining its ability to deliver on its mandate. Appearing before the National Assembly Departmental Committee on Trade, Industry and Cooperatives during deliberations on the 2026/27 budget estimates, Oparanya said his office has…

SASRA urges SACCOs to strengthen oversight as digital financial services expand

Sacco ReviewMay 22, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has urged the Savings and Credit Cooperative Organizations (SACCOs) to strengthen oversight by reinforcing compliance, risk management, and regulatory reporting standards in the rapidly evolving digital financial services space. Speaking during a virtual sensitization forum bringing together more than 600 participants from regulated SACCOs, Acting Chief Executive Officer (CEO)…

KEBS initiates public consultations on new regulations targeting substandard goods, faulty testing apparatus

Sacco ReviewMay 22, 202604 mins

The Kenya Bureau of Standards (KEBS) has initiated public consultations on a set of proposed regulations aimed at strengthening oversight in product certification, laboratory testing, and measurement systems. The draft proposals were unveiled during a stakeholder forum held in Meru, where participants raised concerns about the widespread circulation of substandard goods, inconsistent laboratory results, and…

Kagwe wants export of raw agricultural produce banned, pushes for value addition

Sacco ReviewMay 21, 202602 mins

The Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has called for sweeping laws to ban the export of raw agricultural produce and compel value addition before products leave Kenya, saying the move could unlock millions of jobs for young people. Speaking during the International Tea Day celebrations at Momul Tea Factory in Kericho,…