Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
The National Treasury, SHA, IRA and other state agencies have been sued over alleged failures to manage public servants’ insurance schemes and settle claims exceeding Ksh20 billion. The petition alleges decades of unpaid death, disability and work injury benefits affecting civil servants, teachers and security officers. The case seeks a court declaration that the government’s…
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…
KCB Bank Kenya has secured Ksh12.9 billion (US$100 million) from the European Bank for Reconstruction and Development to expand MSME lending. Women and youth owned businesses will receive 35 per cent of the funding, while 30 per cent will support green investments. The facility will also provide technical assistance to strengthen KCB’s green financing and…
Machakos civil society groups have given the County Assembly 24 hours to pass the 2026/27 budget or face mass protests. The groups said the delay has disrupted salaries, development projects and public service delivery across the county. They want a special Assembly sitting convened within 24 hours to approve the budget. The Machakos County Civil…
Over 200 Nanyuki flower farm workers protested over alleged unfair dismissals and poor working conditions. Workers accused the management of harassment, unpaid overtime and unsafe working conditions. They urged the Ministry of Labour to intervene as local leaders called for dialogue. More than 200 workers at a privately owned horticultural farm in Nanyuki, Laikipia County,…
Smallholder tea sales at the Mombasa Tea Auction fell to 128.6 million kg from 138.8 million kg a year earlier. Exporters blame the new Ksh 2.28 per kg tea levy for reducing demand from international buyers. TBK says the levy will fund tea price stabilisation, research and sector infrastructure. Smallholder tea factories sold 128,554,359kgs of…
Court dismisses Delmonte’s bid to block a Ksh 975 million legal costs claim. Judge rules legal costs can be determined after a case is concluded. Dispute stems from residents’ claims of eviction from ancestral land. The High Court has dismissed an application by Delmonte Kenya Limited (DKL) seeking to halt a Ksh 975 million legal…
Government rules out term limits for Sacco directors, saying leadership should remain a democratic choice for members. Ministry plans to expand SASRA oversight to regulate all Saccos, strengthen governance and deploy technology for closer financial monitoring. Proposed Sacco Societies (Amendment) Bill, 2025 creates an independent Deposit Guarantee Fund Board to protect members’ deposits and improve…
