Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KUSCCO and SITPA will host the inaugural Sacco ICT Summit 2026 in Mombasa from August 24 to 28. The summit will focus on digital transformation, ICT governance, cybersecurity and technology procurement in the Sacco sector. Participants will develop standards for vendor vetting, ICT talent recruitment and protection of Sacco member data. The Kenya Union of…
NYOTA mentorship starts August 10 for 122,000 youth beneficiaries. More than 4,879 mentors will provide business coaching and market support. Government is preparing financing, AGPO training and apprenticeship opportunities The government has scheduled a fresh round of mentorship sessions for National Youth Opportunities Towards Advancement (NYOTA) Project beneficiaries beginning August 10, with more than 4,879…
Agriculture’s GDP share rose to 23.2 per cent, with output valued at Ksh 4.07 trillion. Horticulture, coffee, tea and milk posted strong growth, while wheat and sugarcane output declined. Counties want more funding for irrigation, mechanisation and value addition. Agriculture remained the backbone of Kenya’s economy in the last financial year, with the sector’s share…
SASRA has opened applications for external auditors to audit regulated Saccos in 2027. Applications close on November 30, 2026, with the approved list due on January 15, 2027. Members should ensure their Sacco uses a SASRA listed auditor. The Sacco Societies Regulatory Authority (SASRA) has invited qualified external auditors and audit firms to apply for…
More than 60 Saccos have tasked cooperative lobbies with pushing for tax reforms after engaging KRA on sector specific tax challenges. The sector wants tax laws aligned with the member based and not for profit Sacco model, saying current rules do not reflect how cooperatives operate. The proposals now move to lobbying groups, including KUSCCO,…
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…
