Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Government plans to triple Kenya’s annual bixa production to at least 3,000 tonnes through certified seedlings, extension services, farmer cooperatives and affordable financing. Agriculture CS Mutahi Kagwe said the initiative will increase farmer incomes, create jobs and strengthen rural economies by expanding the bixa value chain along the Coast. Farmers currently earn about Ksh 152,000…
KRA says it is implementing reforms to build a fair, transparent and predictable tax system that supports business growth. Authority plans to integrate iCMS with iTax and cut eligible VAT refund processing times to under 10 minutes. KEPSA urges KRA to speed up tax dispute resolution and expand Alternative Dispute Resolution mechanisms. The Kenya Revenue…
KRA to match NSSF records with PAYE filings to identify tax defaulters. Treasury says KRA will also use Kenya Power data to improve rental income tax compliance. Plan is part of efforts to boost revenue collection and reduce reliance on borrowing. Kenya Revenue Authority (KRA) plans to cross check National Social Security Fund (NSSF) contribution…
MPs are reviewing a Bill proposing an additional Ksh 72.26 billion for county governments in the 2026/27 financial year. The funding will support County Aggregation and Industrial Parks, drought resilience, agriculture, informal settlements and other development programmes. The National Assembly is expected to debate the Budget and Appropriations Committee’s report before deciding on the proposed…
Mwalimu National DT Sacco has launched its first sustainability report outlining its ESG progress and governance initiatives. The Sacco reduced its non performing loan ratio to 2.4 per cent, resolved 2,384 member complaints and planted 17,000 trees and mangrove seedlings. The report highlights the Sacco’s commitment to sustainability, transparency and long term growth. Mwalimu National…
Smallholder tea sales at the Mombasa Tea Auction fell to 128.6 million kg from 138.8 million kg a year earlier. Exporters blame the new Ksh 2.28 per kg tea levy for reducing demand from international buyers. TBK says the levy will fund tea price stabilisation, research and sector infrastructure. Smallholder tea factories sold 128,554,359kgs of…
Government rules out term limits for Sacco directors, saying leadership should remain a democratic choice for members. Ministry plans to expand SASRA oversight to regulate all Saccos, strengthen governance and deploy technology for closer financial monitoring. Proposed Sacco Societies (Amendment) Bill, 2025 creates an independent Deposit Guarantee Fund Board to protect members’ deposits and improve…
EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…
SMEs urged to embrace value addition for sustainable growth. Industry leaders cite Ksh3 trillion SME financing gap. Stronger value chains and market access seen as key. Industry leaders speaking at the Third Annual Small and Medium Enterprises (SME) Conference, Awards and Exhibition on July 23, 2026, encouraged SMEs to build value-added businesses, warning that the…
MPs questioned conflicting Brazil and South Africa sugar import documents. PS Juma Mukhwana promised to investigate the origin discrepancy. Lawmakers queried a new duty free sugar approval before the first shipment was fully accounted for. The government has come under fresh scrutiny over a 27,000 metric tonne consignment of duty-free raw sugar, after lawmakers uncovered…
