National News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

PS Kilemi urges Saccos to prioritize affordable loans over dividend payouts

Sacco ReviewJune 5, 2026June 5, 202604 mins

Principal Secretary for Co‑operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Patrick Kilemi, has called on Savings and Credit Cooperative Societies (Saccos) to strengthen their institutional capital and shift focus from competing through high dividend declarations to offering affordable loans that directly benefit members. Speaking during an interview on a local station on Thursday,…

Govt lifts SACCO registration ban, sets Ksh 1.2M capital requirement

Sacco ReviewJune 3, 202603 mins

The Ministry of Co-operatives and MSMEs Development, through the Commissioner for Co-operatives, has lifted the suspension on the registration of new SACCO societies, effective immediately. The decision follows the completion of a review of the legislative and regulatory framework governing SACCOs by a Committee of Experts appointed by Cabinet Secretary Wycliffe Oparanya. The committee, which…

Govt withdraws application to review electricity tariffs, current tariffs to remain

Sacco ReviewJune 3, 202603 mins

The Ministry of Energy and Petroleum has withdrawn an application seeking a review of retail electricity tariffs, citing the need to balance the sustainability of the energy sector with consumer protection. announced the decision at a press briefing at Kawi House, Nairobi, on Wednesday. He explained that the move followed extensive consultations within government and…

Government assures NYOTA beneficiaries of second tranche disbursement by June 30

Sacco ReviewJune 2, 2026June 3, 202604 mins

The government has moved to end weeks of uncertainty for thousands of young entrepreneurs enrolled in the National Youth Opportunities Towards Advancement (NYOTA) programme, confirming that the second tranche of start‑up grants will be released by June 30. Principal Secretary for MSMEs Development Susan Mang’eni said all eligible beneficiaries will be paid at once, marking…

ITC, Equity Group sign deal to boost East Africa’s coffee, leather and creative Sectors

Sacco ReviewJune 2, 202606 mins

The International Trade Centre (ITC) and Equity Group Holdings PLC have signed a strategic partnership aimed at accelerating growth in East Africa’s coffee, leather and creative industries through enhanced access to finance, trade expertise and global market opportunities. The partnership, formalized through a Memorandum of Understanding (MoU), will initially be rolled out in Kenya before…

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,…