Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KRA posts strong revenue growth: The Kenya Revenue Authority collected KSh2.844 trillion in FY 2025/2026, a 10.6 percent increase from the previous year, with manufacturing, energy, finance, ICT, and wholesale and retail sectors driving 62 percent of total revenue. Customs exceed target: Customs revenue grew 12.4 percent to KSh988.8 billion, surpassing its target, while exchequer…
KIE and Kiambu County signed an MoU to promote industrialization and support the growth of Micro, Small and Medium Enterprises (MSMEs). The partnership aims to boost enterprise development, improve access to business support and create more economic opportunities for entrepreneurs in Kiambu. Kenya Industrial Estates (KIE) has signed a Memorandum of Understanding (MoU) with the…
Leaders back Kithoka airstrip, saying it will boost tourism, create jobs and strengthen forest conservation. Environmental groups oppose the project, arguing it threatens the Mt. Kenya Forest ecosystem and are challenging it in court. The Meru community has been urged to support the construction of the Kithoka airstrip, a project proponents claim will spur economic…
The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. In a public notice seen by Sacco Review, the state dismissed claims that the proposed legislation is…
Cooperatives Principal Secretary Patrick Kilemi has announced that the State Department has constituted a taskforce to spearhead the development of regulations that will operationalise the proposed Cooperative Bill once it is enacted into law. The move comes as the Bill enters the final stages of consideration in Parliament. In a statement shared on his Facebook…
Managements of Savings and Credit Cooperative Societies (SACCOS) have been warned against an over-obsession with huge end-of-year dividends at the expense of their core mandate of issuing low-interest loans to members. Symon Mburia, the Assistant Commissioner for Cooperatives Development, director at the Hustler Fund, and a leading authority in the cooperative movement, challenged Saccos to…
Stima DT Sacco Chief Executive Officer Dr. Gamaliel Hassan has highlighted the vital role Savings and Credit Cooperative Societies (SACCOs) play in shielding members from economic shocks amid rising living costs. Speaking during an interview with Radio Generation on Thursday, July 9, Dr. Hassan said persistent inflation, both locally and globally, has significantly reduced people’s…
The Kenya Revenue Authority (KRA) has retained the prescribed interest rate at 8 per cent across three separate tax categories; the Fringe Benefit Tax, deemed interest and low interest benefit. In a public notice issued on July 8, 2026, the tax man said that the three categories will run on different timelines through the rest…
Housing Principal Secretary (PS) Charles Hinga has revealed that he is battling more than 85 court cases tied to his role in the Affordable Housing Programme, among them a contempt of court matter in which he was due to be sentenced on Wednesday, July 8, “I have over 85 cases that I am defending. This…
Leaders of major Savings and Credit Cooperative Societies (Saccos) are calling for heightened unity, strict governance and strategic market cooperation to secure members’ wealth and drive sustainable economic growth. Speaking during the 104th Ushirika Day celebrations held at the Gusii Coffee Farmers Cooperative Union (GCFCU) in Kisii Central, regional industry leaders emphasized that market expansion…
