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

CEOs and CFOs to sign SACCOs audited accounts as SASRA tightens accountability

Sacco ReviewDecember 20, 2025December 20, 202506 mins

Chief Executive Officers (CEOs) and Chief Finance Officer or Finance Manager (CFO or FM) of Savings and Credit Cooperative Organisations (SACCOs) must now sign audited financial statements alongside authorized board signatories, a move aimed at cementing personal and collective responsibility for financial reporting in the cooperative sector. The Sacco Societies Regulatory Authority (SASRA) announced the…

Kenya Sugar Board moves to avert strike with pledge on workers’ arrears

Sacco ReviewDecember 20, 202505 mins

The Kenya Sugar Board (KSB) has stepped in to ease mounting labour unrest in the sugar sector, promising prompt payment of arrears to cane workers after the Kenya Union of Sugarcane Plantation and Allied Workers (KUSPAW) threatened a nationwide strike. KSB Chief Executive Officer Jude Chesire said the government is working to ensure that workers…

Equity Bank launches enhanced digital platform to streamline business payments

Sacco ReviewDecember 17, 202504 mins

Equity Bank has launched an upgraded digital banking platform for enterprises, marking a significant step in the sector’s shift toward faster, technology-driven financial services as Kenya’s economy becomes increasingly digital. The platform, Equity Online for Business, replaces the former EazzyBiz system and is designed to improve how businesses manage payments, cash flow and account administration….

Kenyans in diaspora urged to invest back home and push for better governance

Sacco ReviewDecember 17, 202503 mins

Machakos Deputy Governor Francis Mwangangi has called on Kenyans studying and working abroad to channel more investments back home and use their influence to demand better governance. He said the diaspora community remains one of the country’s most important development partners and should play a more active role in shaping Kenya’s economic future. Speaking in…

Report: Kenya’s tax system reduces inequality but deepens poverty

Sacco ReviewDecember 16, 202504 mins

Kenya’s tax system is narrowing income inequality but simultaneously pushing more households into poverty, a new analysis by the Kenya Institute for Public Policy Research and Analysis (KIPPRA) has revealed. The findings paint a picture of a tax‑and‑spend framework that appears progressive on paper yet leaves many Kenyans worse off in practice. According to the…

Kenyan shilling strengthens to 17‑month high of 128.96 against dollar

Sacco ReviewDecember 16, 202503 mins

The Kenyan shilling has climbed to its strongest level in 17 months, opening at 128.96 against the US dollar. The shilling has been trading around the 129 mark for over a year, marking a rare stretch of stability after a turbulent period that saw it touch record lows. The shilling began pulling back from the…

KRA scales up tax education to build early compliance culture among youth

Sacco ReviewDecember 16, 202503 mins

The Kenya Revenue Authority (KRA) has intensified efforts to nurture a culture of tax compliance among young people, saying early awareness is key to building a responsible and informed taxpayer base. Current data shows that individuals aged between 21 and 30 years make up 42 per cent of registered taxpayers. Speaking during a public lecture…

Government urged to clear pending bills to ease cash crunch and revive economy

Sacco ReviewDecember 16, 202504 mins

Business leaders are calling on the government to prioritize the payment of pending bills, warning that delays have worsened the cash crunch affecting companies and slowed economic activity across the country. They argue that settling outstanding dues owed to contractors and suppliers would inject much‑needed liquidity into the economy and help struggling enterprises recover. Speaking…

Cabinet approves KSh9.7 billion livestock value chain project to revamp dairy and cereal sectors

Sacco ReviewDecember 16, 202505 mins

The Cabinet has approved a KSh9.7 billion Livestock Value Chain Support Project (LVSP), a new programme aimed at improving dairy productivity, reducing post-harvest losses, and increasing farmer incomes across the country. The project is funded by the Government of Kenya and supported by a tied-aid credit agreement from the Polish Government. According to the Ministry…

Nationwide MSME training programme concludes as 94 business clusters begin mentorship phase

Sacco ReviewDecember 15, 202504 mins

The Micro and Small Enterprises Authority (MSEA) has completed nationwide classroom training for the first cohort of its Business Development Services (BDS) programme, marking a major milestone in efforts to strengthen small businesses under the Kenya Jobs and Economic Transformation (KJET) Project. The five‑week training, which began on November 10, 2025, reached 94 MSME clusters…