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Your savings are safe: SASRA clarifies deposit protection in new SACCO bill

Sacco ReviewJuly 15, 2026July 15, 202603 mins

SASRA says proposed SACCO Bill will establish a Deposit Guarantee Fund to protect members’ eligible savings. Regulator says reforms will strengthen liquidity management and improve stability across the SACCO sector. Clarification comes amid misinformation linking members’ savings to the National Infrastructure Fund. The Sacco Societies Regulatory Authority (SASRA) has clarified that the proposed Sacco Societies…

SACCOs reject claims State can dictate investment of members’ savings

Sacco ReviewJuly 14, 202604 mins

SACCOs say the State cannot dictate how members’ savings are invested. Mwalimu DT Sacco CEO says investment decisions are made independently by members. The remarks follow debate over proposals involving Sacco funds and the National Infrastructure Fund. Savings and Credit Cooperative Organizations (SACCOs) have dismissed claims that the government can dictate how members’ savings are…

National Assembly moves to calm fears over Sacco savings in proposed law

Sacco ReviewJuly 14, 2026July 14, 202607 mins

Parliament has dismissed claims that the proposed Sacco law will allow the government to access members’ savings or control Sacco management. The Bill seeks to strengthen regulation, improve financial stability and establish a secondary Sacco to provide shared services for member cooperatives. The National Assembly says the legislation is still undergoing public participation, with stakeholder…

Mining licence delays cost Kenya billions as investors pull back

Sacco ReviewJuly 13, 202609 mins

Licence delays are stalling mining projects and costing Kenya billions in potential investment. Industry leaders warn regulatory bottlenecks are driving investors to competing markets. MESK is urging faster, more transparent licence approvals to unlock the sector’s growth. Kenya’s ambition to transform its mining industry into one of the country’s leading economic pillars is increasingly coming…

National Assembly dismisses misinformation on Sacco Amendment Bill, says legislation still open for public input

Sacco ReviewJuly 11, 202606 mins

The National Assembly has dismissed what it called widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, saying claims that the legislation would create a government controlled “super Sacco” or hand the President power over Sacco leadership are false. In a public statement, the Assembly said the Bill, which seeks to amend the Sacco…

World Bank injects Sh42B into urban projects as Kisumu launches Sh306M transit upgrades

Sacco ReviewJuly 11, 2026July 11, 202606 mins

The World Bank, through the second phase of the Kenya Urban Support Program (KUSP II), has committed Ksh42 billion ($350 million) to the Government of Kenya to strengthen the capacities of 79 cities and municipalities across the country. Housing and Urban Development Principal Secretary (PS) Charles Hinga Mwaura announced that the program, which commenced in…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA falls short of 2025/2026 revenue target despite double-digit growth

Sacco ReviewJuly 10, 202605 mins

The Kenya Revenue Authority (KRA) missed its revenue collection target for the 2025/2026 financial year, falling short by KSh 124 billion. The taxman collected KSh 2.844 trillion against a target of KSh 2.968 trillion, a deficit of 4.2 percent. Despite the miss, the performance marks a 10.6 percent improvement over the 2024/2025 financial year, when…

CAK reassures public over false infrastructure funding reports

Sacco ReviewJuly 10, 202604 mins

CAK dismisses claims that the government plans to use Sacco savings to fund infrastructure projects. Cooperative apex body says the proposed Sacco law contains no provisions allowing members’ funds to be diverted to the National Infrastructure Fund. The Cooperative Alliance of Kenya (CAK) has refuted claims that the government plans to raid Sacco funds to…

Treasury CS unveils new tax filing deadlines for PAYE employees, nil return filers

Sacco ReviewJuly 2, 202604 mins

National Treasury Cabinet Secretary John Mbadi has announced new tax filing reforms targeting individual taxpayers and nil return filers in a bid to ease pressure on the Kenya Revenue Authority (KRA) online portal during the annual tax compliance period. The changes follow the congestion experienced on the KRA system ahead of the June 30, 2026…

MPs call for stronger protection for SACCOs savings as Amendment Bill comes under scrutiny

Sacco ReviewJuly 1, 202604 mins

Members of the National Assembly Departmental Committee on Trade, Industry and Cooperatives have called for the inclusion of stronger safeguards in the proposed Savings and Credit Cooperative Societies (SACCOs) legislation, saying the law should better protect members’ savings while promoting accountability and efficiency without imposing excessive bureaucratic requirements. The committee, chaired by Bernard Shinali, met…