Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya National Union of Savings and Credit Co-operatives (KUSCCO) has started auctioning houses and land of members who defaulted on mortgages after it was hit by a management scandal. The Sacco umbrella body seeks to cut losses occasioned by years of alleged mismanagement that saw its members lose Ksh 13 billion. Investors and home buyers…
The Kenya Revenue Authority (KRA) is contemplating a comprehensive review of taxes imposed on sugarcane by-products to curb smuggling from the neighboring East African Community (EAC) partner states. This follows concerns from players in the sector over rising cases of smuggling of molasses, ethanol and alcoholic beverages through the porous borders with the neighboring countries….
Cooperatives cabinet secretary, Wycliffe Oparanya, has strongly backed the government’s decision to lease state-owned sugar factories, saying the move is long overdue and critical to reviving a struggling sector. Speaking as the transition process officially began, Oparanya disclosed that most of the state-owned mills were in deep financial crisis, with many operating at a loss for…
The Government has imposed an immediate 30-day ban on all gambling advertisements across media platforms in a move to combat the normalization of gambling and its negative effects on society. The directive was issued by the Betting Control and Licensing Board (BCLB) under the Ministry of Interior, led by Chairperson Dr. Jane Mwakali Makau. A…
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…
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:…
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…
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…
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…
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…
