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

DP asserts government efforts to rescue economy through advanced policies, strategies

Sacco ReviewMay 13, 202507 mins

Deputy President Prof. Kithure Kindiki has confirmed that the government has developed policies to rescue the economy and ensure farmers get the highest earnings from their produce. Speaking at a Thanksgiving mass at Riiji Catholic church service in Central Imenti constituency, Meru, the deputy President said Kenya Kwanza administration has already developed strategies and policies to…

Gov’t leases four sugar companies as it completes 30-year lease agreement

Sacco ReviewMay 10, 2025May 10, 202504 mins

The Government has completed a 30-year lease agreement, outlining how the four state owned sugar factories will be leased out to private entities. In a press statement agriculture cabinet secretary Mutahi Kagwe says that following the broad-based consultations, the following companies have been awarded a 30-year lease for the operation of the four sugar factories:…

Government to settle sugarcane farmers, millers’ arrears before lease team takes over

Sacco ReviewMay 10, 202506 mins

The government is expected to settle arrears owed to both farmers and workers before the handover of the four sugar milling factories to private millers. According to a statement released by Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe; the government last year paid out over Ksh. 1.7 billion to sugarcane farmers to clear arrears…

Finance Bill 2025: Gov’t slashed digital assets tax on crypto, NFTs to 1.5%

Sacco ReviewMay 10, 2025May 10, 202506 mins

The National Treasury is slashing the three per cent levy on digital assets trade introduced in 2023 by half to 1.5 per cent in the 2025 Finance Bill. A digital asset is anything identifiable that is created and stored digitally and has or provides value. The tax has targeted people dealing in crypto currencies and non-fungible tokens…

Government launches countrywide review of MSME Act, Policy 2025,

Sacco ReviewMay 8, 202508 mins

The national government has launched a countrywide public participation and stakeholder engagement campaign to review the draft Micro, Small and Medium Enterprises (MSME) Policy 2025 and the amended MSE Act. The review is meant to eliminate barriers hindering the growth of small businesses across the country. The forum which was held at Lowland Hotel in…

House prices in Nairobi’s satellite towns shots as city suburbs prices drop, HassConsult reports

Sacco ReviewMay 8, 202505 mins

HassConsult has released the Hass Property Price Indices for the first quarter of 2025, showing that house prices in Nairobi’s satellite towns grew at the fastest pace in two-and-a-half years on rising demand due to more affordable prices. Overall property prices rose by 2.45 per cent in the quarter, compared to growth of 0.8 per…

Stop overtaxing companies FKE urges President Ruto

Sacco ReviewApril 28, 202505 mins

The Federation of Kenya Employers(FKE) have urged President William Ruto to stop overtaxing industries and Companies in Kenya, prompting high risk of closure and migrate to the neighboring countries in East and Central Africa. Speaking in Nakuru City during The FKE Regional Annual General Meeting held at Waterbuck Hotel Executive Director Dr.Jacqueline Mugo said companies…

Busia women entrepreneurs boosted through economic empowerment training

Sacco ReviewApril 28, 202503 mins

Women entrepreneurs in Busia County have received a significant boost through a new economic empowerment program aimed at enhancing their skills in entrepreneurship and financial management. The initiative, launched this week, is a partnership between the County Government of Busia, Stanbic Bank Foundation, and Kenya Industrial Estates. It targets women in micro and small enterprises,…

Sugar Board calls for cane development investment to curb shortages

Sacco ReviewApril 26, 202506 mins

The Kenya Sugar Board (KSB) has made an earnest appeal to sugar milers across the country to invest in cane development in order to address the recurrent shortages occasionally experienced. KSB chairman Nicholas Gumbo noted that a number of millers were not keen on investing on cane development hence causing ripples within the sugar industry….

Parliament passes Anti-Money Laundering Laws Bill, proposes to amend Sacco Act

Sacco ReviewApril 18, 202507 mins

The National Assembly has passed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025. The bill will see amendment of the Sacco Societies Act (Cap. 490B), empowering the Sacco Societies Regulatory Authority (SASRA) in regulating the Saccos, the societies have mobilized deposits of members to the tune of more than ksh 1…